Changes to the Group Structure and Executive Directorate Imperial Holdings Limited Registration number: 1946/021048/06 Share code: IPL ISIN: ZAE000067211 (“Imperial Holdings”) CHANGES TO THE GROUP STRUCTURE AND EXECUTIVE DIRECTORATE Today Imperial will be holding a senior management conference where various board approved organisational changes and appointments will be announced, pursuant to the creation and efficient management of two integrated divisions dedicated exclusively to Logistics and Vehicles. The following are the major structural changes and the resulting appointments that affect the executive directorate. - With effect from the 1st July 2016 Imperial’s entire logistics interests (i.e. Imperial Logistics South Africa, Imperial Logistics Rest of Africa and Imperial Logistics International) will be managed as one division. Mr Marius Swanepoel, currently a director of Imperial Holdings Limited and Chief Executive Officer of Imperial Logistics Africa, will be appointed Chief Executive Officer of the new Logistics division from the same date. - With effect from the 1st July 2016 Imperial’s entire vehicle interests (i.e. Vehicle Import Distribution and Dealerships; Vehicle Retail Rental and Aftermarket Parts; and Motor related Financial Services) will be managed as one division. From 1st July 2016 until the 31st December 2016, Imperial Holdings Limited Group Chief Executive Officer, Mr Mark Lamberti will be Executive Chairman of the division, leading and prioritising the necessary integration initiatives. On 1st January 2017, Mr Osman Arbee, currently Imperial Holdings Limited Group Chief Financial Officer, will be appointed Chief Executive Officer of the newly created Vehicles division. - Starting from 1st January 2017, an orderly transition will result in Mr Mohammed Akoojee, currently Chief Executive Officer of Imperial Logistics Rest of Africa, being appointed Imperial Holdings Group Chief Financial Officer on 1st April 2017. From 1st July 2016, the newly created Logistics and Vehicles divisions will be reported on as single entities with due regard to the disclosures and transparency necessary to facilitate understanding and insight for shareholders. Detail in this regard will be provided with the publication of the results for the year to June 2016. Company Secretary RA Venter By order of the Board 3 June 2016 BEDFORDVIEW Sponsor Merrill Lynch South Africa (Pty) Limited Date: 03/06/2016 11:00:00 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.