Voluntary Trading Statement Imperial Holdings Limited Registration number: 1946/021048/06 JSE share code: IPL ISIN: ZAE000067211 (“Imperial” or “the group”) VOLUNTARY TRADING STATEMENT This trading statement is published in compliance with paragraph 3.4(b) of the JSE Listings Requirements. Operating Profit, EPS, HEPS and Core earnings per share Shareholders are referred to the guidance provided on the publication of the group’s full year results on 27 August 2014 and to the CEO’s statement presented at the Annual General Meeting and published on SENS on 4 November 2014. The following provides further guidance on the expected decrease in operating profit, earnings per share (“EPS”), headline earnings per share ("HEPS") and core earnings per share ("Core EPS") for the half year ended 31 December 2014: 6 months to 6 months to 6 months to December 2013 December 2014 December 2014 Actual Expected change Expected percentage Range R2 913 to R2 818 Operating income R3 166 million - 8% to -11% million EPS 898 cents -16% to -19% 754 to 727 cents HEPS 831 cents - 8% to -11% 765 to 740 cents Core EPS 937 cents -13% to -16% 815 to 787 cents As expected and previously communicated, the decline in Operating Income is attributable to Rand weakness, impacting the competitiveness and profitability of the Vehicle Import, Distribution and Dealership division. The core EPS number excludes significant non-operational items of income and expenditure which are included in the reported EPS and HEPS. The EPS decline is higher than the HEPS decline due to the prior year EPS benefiting from profits on the sale of businesses and properties, which are excluded in arriving at HEPS. The most significant difference between HEPS and Core EPS is a once-off foreign exchange gain of 39 cents per share, which has been excluded from the Core EPS. The forecast financial information herein has not been reviewed or reported on by Imperial's auditors. This update is based on available information at the time of publication. Imperial’s results for the 6 months to December 2014, including an update on the group’s outlook for the full year performance to June 2015, will be released on SENS on 24 February 2015. RA Venter Company Secretary Bedfordview 9 February 2015 Sponsor to Imperial: MERRILL LYNCH SOUTH AFRICA (PTY) LIMITED Date: 09/02/2015 11:40:00 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.