Changes to the Board of Directors Imperial Holdings Limited Registration number: 1946/021048/06 Share code: IPL ISIN: ZAE000067211 (“Imperial” or “the group”) CHANGES TO THE BOARD OF DIRECTORS In compliance with the Listings Requirements of the JSE Limited the following information is provided: Imperial wishes to announce that the group financial director, Mr Hafiz Mahomed, reaches the group’s normal retirement age of 63 during 2013. He has indicated that he intends to retire as a director at the end of the current financial year on 30 June 2013. He will however remain in the employ of the group until the end of 2013 in order to ensure a seamless handover of his responsibilities to his successor. Hafiz joined the group as financial manager in 1982 and was appointed to the board in March 1992. The board is pleased to announce that Osman Suluman Arbee(53) B Acc, CA (SA), H Dip Tax will be appointed as the financial director of the group effective from the 1st of July 2013. Osman is currently the CEO of the Car Rental division and Chairman of the Tourism, Motor Dealership and Automotive Parts Distribution divisions. He is a director of Distribution and Warehousing Network (DAWN) Ltd and Ukhamba Holdings (Pty) Ltd, the group’ empowerment partner. He was a senior partner at Deloitte before joining Imperial. He joined the group and the executive committee in September 2004 and was appointed to the board in July 2007. Imperial is pleased to announce that Philip Bernard Michaux, a member of Imperial’s executive committee, will succeed Osman as the CEO of the Car Rental division, in addition to his position as CEO of the Automotive Retail division. By heading up both divisions Philip will be able to exploit the natural synergies between the car rental division and the motor vehicle dealership divisions. It has been agreed with Manny de Canha, the CEO of Associated Motor Holdings (AMH), who also reaches the group’s normal retirement age during 2013 to extend his contract as CEO of AMH and as a member of the board on a fixed term contract in line with the group’s post retirement employment policy. Company Secretary RA Venter By order of the Board 31 October 2012 BEDFORDVIEW Sponsor Merrill Lynch South Africa (Pty) Limited Date: 31/10/2012 02:59:00 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.