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.