Renewal of Cautionary Announcement Imperial Holdings Limited Incorporated in the Republic of South Africa Registration number: 1946/021048/06 Ordinary share code: IPL ISIN: ZAE000067211 Preference share code: IPLP ISIN: ZAE000088076 (“Imperial” or “Group”) Imperial Group Limited Incorporated in the Republic of South Africa Registration number: 1983/009088/06 Company code: IMG RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement relating to the proposed unbundling of Imperial’s Automotive Business (known as Motus) and separate listing on the JSE Limited (“JSE”) (“the Proposed Unbundling”), and cautionary announcement published on the Stock Exchange News Service of the JSE on 21 June 2018 (“the Announcement”). Shareholders are advised that work on the Proposed Unbundling is on track and further details relating to the Proposed Unbundling will be released in due course. Accordingly, Shareholders, preference shareholders and bond holders of Imperial Group Limited are advised to continue to exercise caution when trading in their Imperial securities until a further announcement in this regard is made. Sponsor: Merrill Lynch SA (Pty) Limited Transaction Sponsor: Standard Bank Joint Financial Advisors: Standard Bank J.P. Morgan Joint Debt Advisors: Standard Bank J.P. Morgan Mandated Lead Arrangers: Standard Bank J.P. Morgan Nedbank Commerzbank Legal advisors: Bowmans Tugendhaft Wapnick Banchetti and Partners Date: 3 August 2018 Date: 03/08/2018 09:01:00 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.