Changes to the Board of Directors Imperial Holdings Limited Incorporated in the Republic of South Africa 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 is pleased to announce the appointment of Messrs Mohammed Akoojee (34) and Johann Jurie Strydom (38), both of whom are currently members of the Executive committee, as executive directors to the board of Imperial Holdings Limited. Mr. Akoojee, BCom Acc (Hons), CA(SA), CFA, is head of strategy and plays a key role in the mergers and acquisitions (M&A) function of the group. He is also responsible for investor relations. Mohammed joined the group in 2009, having previously worked at Nedbank Securities as an investment analyst and at Investec in the corporate finance division. He is also a director of Distribution and Warehousing Network (DAWN) Ltd and of Ukhamba Holdings (Pty) Ltd. He was appointed to the executive committee in January 2011. Mr. Strydom, BBus Sc, FIA, CFA, MBA (MIT), is the chief executive of the Regent group, which houses the insurance operations of Imperial. He joined the group in 2007 as Chief Actuary of Regent Life and was appointed to the Regent board in the same year. He previously held positions in Sanlam and as managing director of Alexander Forbes Life. He was appointed to the executive committee in February 2012. Following the restructuring of Ukhamba Holdings (Ukhamba), which was previously represented on the board by Mrs T Dingaan, Ukhamba will no longer be entitled to appoint a director to Imperial’s board. Mrs Dingaan has however agreed to remain on the board of Imperial as an independent non-executive director. The changes are effective from 7 November 2013 and the board will then be constituted as follows: Non executive Executive TS Gcabashe (Chairman)* HR Brody (Chief executive) A Tugendhaft(Deputy chairman) M Akoojee T Dingaan* OS Arbee S Engelbrecht* MP de Canha RL Hiemstra GW Riemann M J Leeming* JJ Strydom P Langeni* M Swanepoel MV Moosa RJA Sparks* Y Waja* *Independent, non-executive Company Secretary RA Venter By order of the Board 7 November 2013 BEDFORDVIEW Sponsor Merrill Lynch South Africa (Pty) Limited Date: 07/11/2013 05:37:00 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.