IMPERIAL HOLDINGS LIMITED - TRADING STATEMENT

TRADING STATEMENT

Imperial Holdings Limited
Registration number: 1946/021048/06
JSE share code: IPL
ISIN: ZAE000067211
(“Imperial” or “the group”)



                        TRADING STATEMENT


This trading statement is published in compliance with Rule
3.4(b) of the JSE Listings Requirements.

EPS, HEPS and Core earnings per share

Imperial is pleased to provide guidance regarding the range of
the expected change in earnings per share (“EPS”), headline
earnings per share ("HEPS") and core earnings per share ("Core
EPS") for the year ended 30 June 2012:


                      Year ended June 2011   Year ended   June 2012
                                             expected       increase
                                             range
EPS                   1 346 cents            13% to 17%
HEPS                  1 370 cents            12% to 16%
Core EPS              1 234 cents            30% to 34%


The group has decided to report a core earnings number, which
excludes   significant  non-operational   items of income and
expenditure from reported headline earnings.

The most significant adjustments to HEPS to arrive at Core EPS
for the year ended June 2012 were adding back amortisation of
intangibles, as well as business acquisition costs and deducting
profits from discontinued operations.

The most significant adjustment to HEPS to arrive at Core EPS for
the prior year was the exclusion of the profit on the revaluation
of the Lereko call option.

Revenue and Operating profit

Imperial performed well in the year ended 30 June 2012 with
strong revenue and operating profit growth. Revenue and operating
profit are both expected to be between 24% and 26% higher than
the comparative period.
The forecast financial information herein has not been reviewed
or reported on by Imperial's auditors. This update is based on
available information at the time of publication. Imperial’s
interim results are expected to be released on SENS on or about
22 August 2012.


RA Venter
Company Secretary
Bedfordview
13 August 2012

Sponsor to Imperial
MERRILL LYNCH SOUTH AFRICA (PTY) LIMITED

Date: 13/08/2012 04:30:00 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.