Changes to the Board of Directors of Imperial Imperial Holdings Limited Registration number: 1946/021048/06 Share code: IPL ISIN: ZAE000067211 (“Imperial”) CHANGES TO THE BOARD OF DIRECTORS OF IMPERIAL Non-executive directors The directors are pleased to announce the appointment of Messrs Peter Cooper (59), BCom (Hons), CA (SA), HDip (Tax) and Graham Wayne Dempster (59) BCom, CTA, CA (SA), AMP (Harvard), to the board of Imperial. Until recently Mr Cooper served as the Chief Executive Officer and Financial Director of RMB Holdings Limited (RMH) and Rand Merchant Insurance Holdings Ltd (RMI). His early career was in the financial services sector, first as a tax consultant and later specializing in corporate and structured finance with UAL Merchant Bank. He joined Rand Merchant Bank in 1992 as a structured finance specialist and transferred to RMB Holdings in 1997, where he was appointed to the Board in 1999. His experience includes that of a non-executive Director of Discovery Limited and Glenrand M.I.B Ltd. He is currently a non-executive director of RMH, RMI, RMB Structured Insurance and Outsurance, and an alternate director of Firstrand. Mr Dempster is currently an executive director of Nedbank Group Limited and Nedbank Limited and was the Chief Operating Officer until 31 December 2014. He has over 30 years' service in the Nedbank Group and will reach his formal retirement date in May 2015. He is a past Managing Director of Nedbank Corporate having joined the group in 1980 in the Corporate Finance Division of UAL Merchant Bank. He is currently a non-executive Director of Ecobank Transnational Incorporated and Telkom. The appointments are effective from 24 February 2015. After implementation of the changes, the board will be constituted as follows: Non-executive Executive TS Gcabashe (Chairman)* MJ Lamberti (Chief executive) A Tugendhaft (Deputy chairman) M Akoojee P Cooper* OS Arbee GW Dempster* MP de Canha T Dingaan* PB Michaux P Langeni* JJ Strydom MV Moosa M Swanepoel MJ Leeming* RJA Sparks* Y Waja* *Independent Company Secretary RA Venter By order of the Board 24 February 2015 BEDFORDVIEW Sponsor Merrill Lynch South Africa (Pty) Limited Date: 24/02/2015 07:06:00 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.