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

Dealings in Securities on Behalf of an Employee Share Incentive Scheme

Imperial Holdings Limited
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
(“Imperial”)

DEALINGS IN SECURITIES ON BEHALF OF AN 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:                    Option 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:                  30 May 2016
Expiry date:                          4 October 2019
Number of shares:                     1,000,000
Strike Price per share:               R127.77
Notional value:                       R127,770,000

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 June 2016
BEDFORDVIEW

Sponsor:
Merrill Lynch South Africa (Pty) Limited

Date: 02/06/2016 10:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.