APP.L Regulatory News (APP)

10 May 2007 12:18

Impala Platinum Hldgs10 May 2007 Impala Platinum Holdings Limited("Implats")(Incorporated in the Republic of South Africa)(Registration No. 1957/001979/06)ISIN: ZAE000083648JSE Share Code: IMPLSE Share Code: IPLAADR Code: IMPUY FOR IMMEDIATE RELEASE Not for release, publication or distribution, in whole or in part, in or intoCanada, Australia or Japan or any other jurisdiction where to do so wouldconstitute a violation of the relevant laws of such jurisdiction. Further to the announcement published on SENS on 25 April 2007, shareholders areadvised herewith of the announcement made by African Platinum plc ("Afplats") inrespect of the sanctioning by the Court of the Scheme of Arrangement. Enquiries to: ImplatsDavid Brown Tel. +27 11 731 9042Brenda Berlin Tel. +27 11 731 9023 Morgan Stanley & Co Limited (joint financial adviser to Implats)Beth Mandel (SA) Tel. +27 11 507 0800Peter Bacchus (UK) Tel. +44 207 425 8000Laurence Hopkins (UK) Tel. +44 207 425 8000 Sansara Financial Services (Pty) Limited (joint financial adviser to Implats)Sean Chilvers Tel. +27 11 718 2307 African Platinum plc - Scheme of ArrangementAfrican Platinum plc10 May 2007 AFRICAN PLATINUM PLCFor immediate release10 May 2007Recommended Cash AcquisitionofAfrican Platinum plcbyImpala Platinum Holdings Limited Scheme of Arrangement Update African Platinum plc (the "Company") announces that, at a hearing held earliertoday, the Court sanctioned the Scheme of Arrangement by which the recommendedacquisition of the Company by Impala Platinum Holdings Limited is to be effectedand confirmed the associated reduction of capital. It is expected that the Court Order will be delivered to and registered with theRegistrar of Companies, and the Scheme will become effective, on 14 May 2007. The last day of dealings in Afplats Shares will be 11 May 2007. The Companywill request that the trading in the Afplats Shares on AIM be cancelled witheffect from 7:30am on 14 May 2007. It is expected that the consideration payable to the Company's formerShareholders will be despatched by 28 May 2007. Terms used in this announcement have the same meanings as set out in the SchemeDocument dated 16 March 2007. Enquiries: African Platinum plcRoy Pitchford Tel. +44 207 389 0500Russell Lamming Tel. +27 11 467 1858 Website: www.afplats.com JP Morgan Cazenove Limited (sole financial adviser and corporate broker to theCompany) Ian Hannam Tel. +44 207 588 2828Patrick Magee Tel. +44 207 588 2828Adam Brett Tel. +44 207 588 2828 JPMorgan Cazenove Limited, which is authorised and regulated by the FinancialServices Authority in the United Kingdom, is acting as financial adviser andbroker to the Company in relation to the Proposals and no one else in connectionwith the Proposals and will not be responsible to anyone other than the Companyfor providing the protections afforded to clients of JPMorgan Cazenove Limitednor for providing advice in relation to the Proposals or any other matter orarrangement referred to in this announcement. The Directors accept responsibility for the information contained in thisannouncement. To the best of the knowledge and belief of the Directors (whohave taken all reasonable care to ensure that such is the case), the informationcontained in this announcement is in accordance with the facts and does not omitanything likely to affect the import of such information. -end- This information is provided by RNS The company news service from the London Stock Exchange