IMPERIAL HOLDINGS LIMITED - The Award of DBP Rights in terms of Imperial Share Incentive Scheme

The Award of DBP Rights in terms of Imperial Share Incentive Scheme

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

THE AWARD OF DBP RIGHTS IN TERMS OF IMPERIAL SHARE INCENTIVE SCHEME

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

Imperial has awarded Deferred Bonus Plan (DBP) rights to its directors,
under the DBP scheme. DBP rights entitle the director to commit an equal
number of Imperial shares to the scheme, which will be held in escrow until
vesting in September 2017. Upon vesting, and provided the conditions
relating to the issue are met, Imperial will be obliged to deliver a
matching share for each committed share.

Each participant has accepted the award and has undertaken       to   commit
Imperial shares to the scheme equal to the DBP rights.



Name of Director         Designation                  Number of DBP Rights
M Akoojee                Executive Director                           18,579
M de Canha               Executive Director                           28,384
P Michaux                Executive Director                           24,256
M Swanepoel              Executive Director                           27,352
J Strydom                Executive Director                           21,159
OS Arbee                 Chief Financial Officer                      30,965

The Company has also awarded 4,103 DBP rights and 37 487 share appreciation
rights (“SAR”) at an allocation price of R193.77 per share appreciation
right to RA Venter, the Company Secretary of Imperial.

Furthermore, shareholders are advised that Mr MJ Lamberti has elected not
to take up 130,651 share appreciation rights awarded to him on 14 March
2014.

The effective date for the aforementioned transactions is 30 June 2014.

Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained. All DBP rights and SAR awards were done off-
market.

Company Secretary
RA Venter
30 June 2014

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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