IMPERIAL HOLDINGS LIMITED - Appointment of Chief Executive Officer

Appointment of Chief Executive Officer

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

APPOINTMENT OF CHIEF EXECUTIVE OFFICER OF IMPERIAL

Imperial is pleased to announce that Mr Mark James Lamberti (63), BCom, MBA, PPL
(Harvard), has been appointed as chief executive officer of Imperial, succeeding
Mr Hubert Brody with effect from 1 March 2014. The appointment was made after an
extensive search by the Nominations Committee, during which a number of external
and internal candidates were considered.

Mark was appointed Managing Director of the Makro chain in 1988 and founded
Massmart in 1990. He was appointed Executive Chairman of Massmart in 1996 and
as CEO and Deputy Chairman in 2003. He relinquished his executive position to
become non-executive chairman in 2007. He is a former director of Wooltru,
Primedia, Datatec and Altron. Mark currently also serves as non-executive
chairman of Transaction Capital where he recently stepped down as the CEO after
serving in that position for five years.

Mark will in due course relinquish his appointments on the boards of other
listed companies.

Hubert Brody will remain on the board of Imperial as a non-executive director.

After implementation of the above changes, the board will be constituted as
follows:

Non executive                         Executive

TS Gcabashe (Chairman)*               MJ Lamberti (Chief executive)
A Tugendhaft(Deputy chairman)         M Akoojee
HR Brody                              OS Arbee
T Dingaan*                            MP de Canha
S Engelbrecht*                        GW Riemann
RL Hiemstra                           JJ Strydom
M J Leeming*                          M Swanepoel
P Langeni*
MV Moosa
RJA Sparks*
Y Waja*
*Independent, non-executive

Press inquiries should be directed to Anne Dunn of Brunswick: +27 (0)82 448 2684

Company Secretary
RA Venter

By order of the Board
20 February 2014

BEDFORDVIEW
Sponsor
Merrill Lynch South Africa (Pty) Limited

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