IMPERIAL HOLDINGS LIMITED - Changes to the Board of Directors of Imperial

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

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