IMPERIAL HOLDINGS LIMITED - IMPERIAL Acquires UK Automotive Dealer Group Pentagon Motor Holdings Ltd.

IMPERIAL Acquires UK Automotive Dealer Group Pentagon Motor Holdings Ltd.

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”)

IMPERIAL acquires UK automotive dealer group Pentagon Motor Holdings Ltd.

Imperial Holdings Limited (Imperial) is pleased to announce that its wholly owned vehicle division,
Motus, has indirectly acquired 100% of Pentagon Motor Holdings Ltd (Pentagon), for a cash
consideration of R493 million (£28 million).

Headquartered in Derbyshire, Pentagon operates 21 prime retail dealerships in Derbyshire,
Nottinghamshire, Lincolnshire, Yorkshire and greater Manchester. In the year to 31 December 2016,
Pentagon generated revenue of £495 million (R 8 715 million).

Commenting on the transaction Mark Lamberti, Group Chief Executive Officer of Imperial said
“Imperial has strong global partnerships with leading vehicle manufacturers and we are delighted to
expand our international retail footprint into the passenger and light commercial vehicle market in
the UK through the acquisition of Pentagon by Motus.”

Pentagon, established in 1991 by its current chairman Trevor Reeve, has grown steadily from an
initial Vauxhall franchise base to represent leading car and van manufacturers Peugeot, Seat, Mazda,
Kia, Renault, Fiat, Alfa Romeo, Nissan, Mitsubishi and Jeep. The Group employs 1 262 people, 46%
of whom have been with the business for 5 years or more. Key management will remain with the
business through a transitional period to ensure a smooth integration with Imperial’s existing vehicle
businesses in the UK. The business will continue to operate as Pentagon Motor Holdings Ltd.

Osman Arbee, Chief Executive Officer of Motus said, “This acquisition is consistent with Motus’
strategy to deploy capital and its vehicle retail expertise in pursuit of growth and returns beyond
South Africa. Pentagon is a well-respected and established vehicle dealership group with deep
expertise and a strong national reputation in the passenger vehicle sector. It will complement our
existing commercial vehicle business, which has produced commendable results since its acquisition
in 2006”.

The transaction is effective from 1 September 2017.

Issued: 15 August 2017

Sponsor
Merrill Lynch South Africa (Pty) Limited

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