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IMPERIAL HOLDINGS LIMITED - DISPOSAL OF 100% OF THE ORDINARY SHARES IN REGENT GROUP

Release Date: 24/10/2016 17:49
Code(s): IPL     PDF:  
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DISPOSAL OF 100% OF THE ORDINARY SHARES IN REGENT GROUP

Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
ISIN: ZAE000067211
Share code: IPL
(”Imperial” or the “Company’ or the “Group”)

DISPOSAL OF 100% OF THE ORDINARY SHARES IN REGENT GROUP

Shareholders are referred to the announcement and withdrawal of cautionary
published on 29 September 2015, regarding the disposal of the Regent Group, as
well as updates included in the group’s results announcements.

On Friday 23rd October 2016, the Competition  Commission submitted its
recommendation to the Competition Tribunal regarding the merger between Hollard,
MotoVantage and Regent. The Competition Commission recommended that the merger
be prohibited. Given that the merger is categorised as a large merger, the
recommendation of the Competition Commission does not constitute a final,
binding decision. Such final, binding decision will be made by the Competition
Tribunal subsequent to a hearing regarding the merger.

The parties to the merger and their advisors disagree that a prohibition is
warranted in the circumstances and will contest the Commission’s view at the
hearing before the Competition Tribunal.

A further announcement will be made once the Competition Tribunal has made a
ruling on the matter.

Bedfordview
24 October 2016

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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