Dealings in securities on behalf of an employee share incentive scheme Imperial Logistics Limited (Incorporated in the Republic of South Africa) Registration number: 1946/021048/06 ISIN: ZAE000067211 Share code: IPL (‘Imperial’ or “Company”) DEALINGS IN SECURITIES ON BEHALF OF AN EMPLOYEE SHARE INCENTIVE SCHEME In compliance with the Listings Requirements of the JSE Limited the following information is provided: Name of the Scheme: Imperial Share Appreciation Rights Scheme (SAR), Deferred Bonus Plan (DBP) and Conditional Share Plan (CSP) Class of security: Ordinary shares Nature of transactions: Acquisition of Imperial ordinary shares to be used in settlement of rights issued under the DBP and CSP Type of trade: On market Date of transaction: 10 December 2018 Number of shares: 746 535 Price per share: R62.7701 Value of the shares: R46 860 076.60 Date of transaction: 11 December 2018 Number of shares: 304 684 Price per share: R64.2370 Value of the shares: R19 571 986.10 Date of transaction: 12 December 2018 Number of shares: 129 184 Price per share: R65.0491 Value of the shares: R8 403 302.93 Date of transaction: 13 December 2018 Number of shares: 226 067 Price per share: R67.0145 Value of the shares: R15 149 766.97 The shares will be retained until required for settling share scheme obligations. Prior written approval in terms of paragraph 3.66 of the Listings Requirements was obtained. Company Secretary RA Venter 13 December 2018 BEDFORDVIEW Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 13/12/2018 03:30:00 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.