Vesting of Share Appreciation Rights and Matching Shares in terms of Imperial Share Incentive Schemes Imperial Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1946/021048/06 Share code: IPL ISIN: ZAE000067211 ("Imperial") VESTING OF SHARE APPRECIATION RIGHTS AND MATCHING SHARES IN TERMS OF IMPERIAL SHARE INCENTIVE SCHEMES In compliance with the Listings Requirements of the JSE Limited the following information is provided: Pro-rata vesting on 13 May 2014 of Share Appreciation Rights (SAR) and vesting of no consideration matching ordinary shares in terms of Deferred Bonus Plan (DBP). Director of Imperial: HR Brody Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 17 589 Number of matching DBP shares to be delivered (net of tax): 10 554 Total value of DBP vested at closing price of R200.50: R3 526 594.50 Number of SAR vested 2011 allocation at a strike price of R116.59 25 076 2012 allocation at a strike price of R170.57 32 079 2013 allocation at a strike price of R195.20 24 779 Total value of SAR vested at closing price of R200.50: R3 195 603.54 Prior written approval in terms of paragraph 3.66 of the Listings Requirements was obtained. All trades were done off-market. Company Secretary RA Venter 14 May 2014 Sponsor: Merrill Lynch SA (Pty) Limited Date: 14/05/2014 09:00:00 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.