IPL/LMID - Imperial Holdings Limited/Lereko Mobility (Proprietary) Limited -

IPL/LMID - Imperial Holdings Limited/Lereko Mobility (Proprietary) Limited -    
Conversion and listing of Imperial ordinary shares in terms of the Lereko BEE   
transaction                                                                     
Imperial Holdings Limited                                                       
Registration number: 1946/021048/06                                             
Share code: IPL                                                                 
ISIN: ZAE000067211                                                              
("Imperial")                                                                    
Lereko Mobility (Proprietary) Limited                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 2004/034154/07)                                            
Share code: LMID                                                                
ISIN: ZAE000067229                                                              
("Lereko")                                                                      
CONVERSION AND LISTING OF IMPERIAL ORDINARY SHARES IN TERMS OF THE LEREKO BEE   
TRANSACTION                                                                     
Shareholders are referred to the Imperial circular dated 6 June 2005, the Lereko
pre-listing statement dated 12 May 2005, the Eqstra unbundling circular dated 20
March 2008 and various SENS announcements including the Imperial results        
announcement dated 25 August 2010, wherein the issue of convertible preferred   
ordinary shares to Lereko in terms of the Black Economic Empowerment ("BEE")    
transaction, was detailed ("Lereko BEE transaction").                           
Shareholders are now advised that, in terms of the Lereko BEE transaction, the  
preferred ordinary shares held by Lereko have been automatically converted into 
14 516 617 Imperial ordinary shares and listed on the JSE Limited on 30         
September 2010. The shares were issued at a par value of R0.04 each.            
Prior to the conversion, Lereko forward sold 8 630 195 Imperial ordinary shares 
in order to settle the Lereko Debentures and Preference shares. Following the   
conversion and settlement of the forward sale obligations, Lereko now holds 5   
886 422 Imperial ordinary shares.                                               
Johannesburg                                                                    
30 September 2010                                                               
Sponsor:                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Date: 30/09/2010 09:00:12 Supplied by www.sharenet.co.za                     
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