IMPERIAL HOLDINGS LIMITED - Dealings in Securities by Company Secretary

Dealings in Securities by Company Secretary

Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
("Imperial")

CORRECTION - EXERCISE OF SHARE APPRECIATION RIGHTS BY COMPANY SECRETARY OF
IMPERIAL

In compliance with the Listings Requirements of the JSE Limited the
following information is provided:


Name:                                         RA Venter
Date of transaction:                          25 October 2012
Nature of transaction:                        Exercise of share
                                              appreciation rights (SAR)
Number of SAR exercised:                      55,575
Strike price per SAR:                         R55.32
Exercise price:                               R192.42
Number of shares to be delivered after PAYE: 23,711
Total value of transaction:                   R7 619 333
Nature and extent of interest in transaction: Direct/beneficial


Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained.

Company Secretary
RA Venter

Sponsor:
Merrill Lynch SA (Pty) Limited
Date:
29 October 2012

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