IMPERIAL HOLDINGS LIMITED - Vesting of Share Appreciation Rights and Matching Shares in terms of Imperial Share Incentive Schemes

Vesting of Share Appreciation Rights and Matching Shares in terms of Imperial Share Incentive Schemes

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

VESTING OF SHARE APPRECIATION RIGHTS AND MATCHING SHARES IN TERMS OF
IMPERIAL SHARE INCENTIVE SCHEMES

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

Pro-rata vesting on 13 May 2014 of Share Appreciation Rights (SAR) and
vesting of no consideration matching ordinary shares in terms of Deferred
Bonus Plan (DBP).


Director of Imperial:                               HR Brody
Nature and extent of
interest in transaction:                            Direct/beneficial
Number of matching DBP shares vested:               17 589
Number of matching DBP shares to be
delivered (net of tax):                             10 554
Total value of DBP vested at closing price
of R200.50:                                        R3 526 594.50

Number of SAR vested
2011 allocation at a strike price of   R116.59      25 076
2012 allocation at a strike price of   R170.57      32 079
2013 allocation at a strike price of   R195.20      24 779
Total value of SAR vested at closing   price
of R200.50:                                        R3 195 603.54


Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained. All trades were done off-market.

Company Secretary
RA Venter
14 May 2014

Sponsor:
Merrill Lynch SA (Pty) Limited

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