Strategy			Key deliverables
1  Investment through the cycle			Zero harm Invest R22 billion over the next five years (excluding 17 Shaft) Restore and maintain Impala at between 815 – 830 koz Pt per annum Build-up confirmed to deliver on new 16 and 20 Shaft complexes as planned Retain 17 Shaft optionality (R500m over the next two years) Restore Zimplats as planned to 260 koz by 2016 Opencast and redevelop Bimha Maintain Mimosa production at 2.56 million tonnes per annum Marula planned at circa 90 koz Pt per annum Build on successful IRS model Reduce capital spend to R4.2bn in 2016 Afplats capital planned from FY2020 Opex cut in 2016 and contain increases by 2% below inflation thereafter Maintain and position Group balance sheet Extend Two Rivers life of mine
2  Improve efficiencies through operational excellence and safe production
3  Cash conservation
4  Maintain our social licence to operate
5  Optionality and future positioning

Producing in a safe, socially responsible manner