Dealings in Securities by Directors and Company Secretary of Imperial Imperial Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1946/021048/06 Share code: IPL ISIN: ZAE000067211 ("Imperial") DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF IMPERIAL AWARD OF CSP TO CEO AND VESTING OF RIGHTS AND SHARES IN TERMS OF SHARE INCENTIVE SCHEMES WHICH WERE AWARDED IN 2011 In compliance with the Listings Requirements of the JSE Limited the following information is provided: CSP AWARD On the 10th September 2014 MJ Lamberti was awarded shares in the Conditional Share Plan (CSP). These shares will vest on the 15th September 2017 subject to the achievement over the three year performance period of targeted: core earnings per share growth; return on invested capital greater than the weighted average cost of capital; and specific qualitative objectives which have been determined by the Board. The degree of achievement will be disclosed when the shares vest. This award was in accord with the terms and conditions of his employment in lieu of a short term incentive payment for 2015 and will further be his only long term incentive and retention scheme allocation for the 2015 financial year. Director: MJ Lamberti Nature and extent of interest in transaction: Direct/beneficial Award reference price: R191.09 Number of CSP shares awarded: 67 064 Total value of transaction: R12 815 259.76 VESTING OF RIGHTS AND SHARES IN TERMS OF SHARE INCENTIVE SCHEMES AWARDED IN 2011 Vesting on 15 September 2014 of Share Appreciation Rights (SAR) at a strike price of R116.59 per SAR and vesting of no consideration matching ordinary shares in terms of Deferred Bonus Plan (DBP) at a price of R189.52 per share. The gains of participants in terms of the SAR scheme will depend on the date that each participant elects to exercise the vested rights, which may be done for a period of four years after vesting. DBP shares were acquired by scheme participants in 2011 on the open market at the then ruling price with their after tax bonus. Upon vesting, matching ordinary shares are awarded at no further consideration. Director: M Akoojee Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 9 181 Total value of transaction: R1 739 983.12 Number of SAR vested 11 628 Director: OS Arbee Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 10 406 Total value of transaction: R1 972 145.12 Number of SAR vested 23 377 Director: MP de Canha Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 10 712 Total value of transaction: R2 030 138.24 Number of SAR vested 25 011 Director: PB Michaux Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 5 251 Total value of transaction: R995 169.52 Number of SAR vested 12 200 Director: JJ Strydom Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 4 039 Total value of transaction: R765 471.28 Number of SAR vested 9 384 Director: M Swanepoel Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 9 641 Total value of transaction: R1 827 162.32 Number of SAR vested: 23 377 Director: RL Hiemstra Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 10 406 Total value of transaction: R1 972 145.12 Number of SAR vested: 23 377 Company secretary: RA Venter Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 4 177 Total value of transaction: R719 625.04 Number of SAR vested: 9 705 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 Sponsor: Merrill Lynch SA (Pty) Limited Date: 11 September 2014 Date: 11/09/2014 11:45:00 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.