IMPERIAL HOLDINGS LIMITED - Award of DBP and CSP Rights in terms of Imperial Share Incentive Schemes

Award of DBP and CSP Rights 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’ or “Company”)

AWARD OF DBP AND CSP RIGHTS IN TERMS OF IMPERIAL SHARE INCENTIVE SCHEMES

In compliance with the Listings Requirements of the JSE Limited the
following information is provided:
Imperial has awarded Deferred Bonus Plan (DBP) and Conditional Share Plan
(CSP) rights to its executive directors as follows:

DBP rights entitle the director to commit an equal number of Imperial
shares to the scheme, which will be held in escrow until vesting in
September 2019. Upon vesting, Imperial will be obliged to deliver a
matching share for each committed share.

CSP rights will vest in September 2019 and entitle the director to receive
a number of Imperial shares subject to the achievement, of specific
performance conditions determined by the Board.

Name of director    Number of DBP   Number of CSP   Total value
MJ Lamberti         43 383*         80 340          R15 808 000
P   Michaux         43 046                          R5 500 000
M   Swanepoel       50 873                          R6 500 000
OS Arbee            54 003                          R6 900 000
*Consistent with his election not to receive cash compensation and to be
fully aligned with shareholders’ interests, this DBP award was made to Mr
Lamberti.

The Company has also awarded 6 990 DBP rights and 59 893 share appreciation
rights (“SAR”) to the Company Secretary of Imperial, Mr R Venter, with a
total value of R8 545 640.

All of the above rights were awarded at R127.77 per share. The effective
date for the aforementioned transactions is 18 May 2016. Prior written
approval in terms of paragraph 3.66 of the Listings Requirements was
obtained. All CSP’s DBP’s and SAR’s awards were done off-market.

Company Secretary
RA Venter
23 May 2016

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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