IMPERIAL HOLDINGS LIMITED - Dealings in Securities on Behalf of Employee Share Incentive Scheme

Dealings in Securities on Behalf of Employee Share Incentive Scheme

Imperial Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
(“Imperial”)

DEALINGS IN SECURITIES ON BEHALF OF EMPLOYEE SHARE INCENTIVE SCHEME

In compliance with the Listings Requirements of the JSE Limited the
following information is provided:

Name of the Scheme:                   Imperial Share Appreciation
                                      Rights scheme (SAR), Deferred
                                      Bonus Plan (DBP) and
                                      Conditional Share Plan (CSP)

Class of security:                    European call options over
                                      Imperial Ordinary shares

Nature of transactions:               Hedging transaction in respect
                                      of rights issued under the
                                      SAR, DBP and CSP

Type of trade:                        Off market
Date of transaction:                  6 December 2017

Number of options bought:             500,000
Strike Price per option:              R230.00
Notional value:                       R115,000,000

Number of options sold:               500,000
Strike Price per option:              R300.00
Notional value:                       R150,000,000
Expiry date:                          5 December 2019


Number of options bought:             500,000
Strike Price per option:              R230.00
Notional value:                       R115,000,000

Number of options sold:               500,000
Strike Price per option:              R300.00
Notional value:                       R150,000,000
Expiry date:                          16 September 2019

Number of options bought:             500,000
Strike Price per option:              R230.00
Notional value:                       R115,000,000

Number of options sold:               500,000
Strike Price per option:              R300.00
Notional value:                       R150,000,000
Expiry date:                          29 November 2019

Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained.

Company Secretary
RA Venter
By order of the Board

2 January 2018
BEDFORDVIEW

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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