IPL/IPLP - Imperial Holdings Limited - Dealing in securities by directors

IPL/IPLP - Imperial Holdings Limited - Dealing in securities by directors       
of Imperial                                                                     
Imperial Holdings Limited                                                       
Registration number: 1946/021048/06                                             
Share code: IPL                                                                 
ISIN: ZAE000067211                                                              
Preference share code: IPLP                                                     
ISIN: ZAE000088076                                                              
("Imperial")                                                                    
DEALING IN SECURITIES BY DIRECTORS OF IMPERIAL                                  
In compliance with the Listings Requirements of the JSE Limited the             
following information is provided:                                              
Exercise of rights in terms of the group Share Appreciation Rights Scheme       
(SAR) and sale of the shares received                                           
Director:                          O Arbee                                      
Transaction date:                  09 December 2011                             
Nature of transaction:             Exercise in terms of share                   
                                  appreciation rights scheme                    
Number of SAR rights exercised:    50,000                                       
Exercise price:                    R120.475                                     
Strike price per right:            R49.46                                       
Number of ordinary shares to be                                                 
delivered in settlement:           29 472                                       
Total value of transaction:        R3,550,639.20                                
Type of trade:                     off-market                                   
Nature of transaction:             sale of the shares                           
                                  received                                      
Number of shares sold:             29 472                                       
Sale price per share:              R120.10                                      
Total value of transaction:        R3,539,587.20                                
Type of trade:                     on-market                                    
Class of security:                 Ordinary shares                              
Extent of director`s                                                            
interest in transactions:          Direct beneficial                            
Prior written approval was obtained.                                            
Director:                          AH Mahomed                                   
Transaction date:                  09 December 2011                             
Nature of transaction:             Exercise in terms of share                   
                                  appreciation rights scheme