Declaration of dividend

Shareholders are advised that the board has resolved to declare a final gross cash dividend of 165.0 cents per ordinary share amounting to R1.49 billion at the date of declaration, for the financial year ended 30 June 2023. In terms of the approved dividend policy, a minimum dividend of 30% of free cash flow pre-growth capital should be declared.

Shareholders are advised that the board has resolved to declare a final gross cash dividend of 165.0 cents per ordinary share amounting to R1.49 billion at the date of declaration, for the financial year ended 30 June 2023. In terms of the approved dividend policy, a minimum dividend of 30% of free cash flow pre-growth capital should be declared. The board has the discretion to vary this percentage depending on the current and forecast financial performance, as well as market and other factors, including sufficiently capitalising the business to allow the Group to take advantage of future value-accretive growth opportunities. The dividend has been declared from retained earnings.

Implats has 903 416 075 ordinary shares in issue and the Company’s tax reference number is 9700178719. The cash dividend will be subject to a 20% dividend withholding tax for shareholders who are not exempt from, or do not qualify for, a reduced rate of withholding tax. Therefore, the net dividend amount is 132.0 cents per ordinary share for shareholders liable to pay the dividend withholding tax and 165.0 cents per ordinary share for shareholders exempt from dividend withholding tax. Shareholders are advised to complete the requisite declaration form to make the Company aware of their tax status.

The salient dates are as follows:

Share certificates may not be dematerialised or rematerialised between Wednesday, 20 September 2023 and Friday, 22 September 2023, both days inclusive.