IMPERIAL HOLDINGS LIMITED - Disposal of the Interest in Regent Groups Non-South African Assets

Disposal of the Interest in Regent Group’s Non-South African Assets

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 THE INTEREST IN REGENT GROUP’S NON-SOUTH AFRICAN
ASSETS (“REGENT BOTSWANA AND REGENT LESOTHO”)

Shareholders are referred to the announcement and withdrawal
of cautionary published on 29 September 2015, regarding the
disposal by Imperial of the Regent Group, the update thereof
included in the Group’s results announcements and the
announcement on 24 October 2016.

Imperial is pleased to announce that the disposal of the
Regent Group’s non-South African operations (Regent Insurance
Botswana, Regent Life Botswana, Regent Zambia, Lesotho Life
and Lesotho Insurance, collectively, “Regent Rest of Africa”)
to Hollard International Holdings for an upfront consideration
of R697 million has been declared unconditional in accordance
with its terms, which included approval from the Botswana
competition and requisite regulatory authorities received in
August 2016 and unconditional approval by the Central Bank of
Lesotho received in December 2016.

The disposal of Regent Group, excluding Regent Rest of Africa,
remains subject to the approval by the South African
Regulatory Authorities. A further announcement will be made
once the Competition Tribunal has made a ruling on the matter.

Bedfordview
17 January 2017

Sponsor: Merrill Lynch South Africa (Pty) Limited

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