Vesting of Rights and Shares in terms of Share Incentive Schemes Awarded in 2014 Imperial Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1946/021048/06 ISIN: ZAE000067211 Share code: IPL ("Imperial") VESTING OF RIGHTS AND SHARES IN TERMS OF SHARE INCENTIVE SCHEMES WHICH WERE AWARDED IN 2014 In compliance with the Listings Requirements of the JSE Limited the following information is provided in relation to directors and company secretary of Imperial: Vesting of no consideration ordinary shares in terms of Deferred Bonus Plan (DBP) and Conditional Share Plan (CSP) at a price of R188.75 per share on 18 September 2017. DBP shares were acquired by scheme participants in 2014 on the open market at the then ruling price. Upon vesting, matching ordinary shares are awarded at no further consideration. Director: MJ Lamberti Nature and extent of interest in transaction: Indirect/beneficial Number of matching DBP shares vested: 60 787 Total value of transaction: R11 473 546.25 Director: MJ Lamberti Nature and extent of interest in transaction: Direct/beneficial Number of CSP shares vested: 63 318 Total value of transaction: R11 951 235.69 Director: M Akoojee Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 18 579 Total value of transaction: R3 506 786.25 Director: OS Arbee Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 30 965 Total value of transaction: R5 844 643.75 Director: MP de Canha Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 28 384 Total value of transaction: R5 357 480.00 Director: PB Michaux Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 24 256 Total value of transaction: R4 578 320.00 Director: M Swanepoel Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 27 352 Total value of transaction: R5 162 690.00 Company secretary: RA Venter Nature and extent of interest in transaction: Direct/beneficial Number of matching DBP shares vested: 4 103 Total value of transaction: R774 441.25 Prior written approval in terms of paragraph 3.66 of the Listings Requirements was obtained. All trades were done off-market. Company Secretary RA Venter Sponsor: Merrill Lynch SA (Pty) Limited 20 September 2017 Date: 20/09/2017 05:40:00 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.