Trading Statement for the Year Ended 30 June 2018 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”) TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2018 Shareholders are referred to the SENS announcement of 10 May 2018, in which our guidance for the year to June 2018 was as follows: For the six months to 30 June 2018 for continuing operations (excluding Regent and Businesses Held for Sale) we expect: • Capital efficiency and gearing to improve – expected group debt to equity ratio of 50% to 60%; • Imperial Logistics to increase revenues and operating profit in line with the first half growth; • Motus to increase revenues in line with the first half growth and operating profit at a higher rate than the first half; • Imperial Holdings to increase revenues in line with the first half and operating profit at a higher rate than the first half; and • Imperial Holdings to produce a double-digit growth in headline earnings per share off the low base of 2017. Imperial is currently finalising its results for the period to 31 June 2018 and expects these to be in line with the aforementioned guidance. Basic Earnings per Share (‘EPS’) and Basic Headline Earnings per Share (‘HEPS’) for the year ended 30 June 2018,excluding Regent, which was disclosed as a Discontinued Operation for the year ended 30 June 2017, and for the group total are expected to increase on 30 June 2017 as follows: 30 June 2017 30 June 2018 Published Expected range increase EPS cents (2017 excluding Regent) 1221 1635 to 1725 (up 34% to 41%) EPS cents (2017 total) 1339 1630 to 1730 (up 22% to 29%) HEPS cents (2017 excluding Regent) 1240 1525 to 1610 (up 23% to 30%) HEPS cents (2017 total) 1390 1520 to 1615 (up 9% to 16%) The primary reasons for the increase are: • 2018 foreign exchange losses reduced from 2017. • 2018 net financing costs are down on 2017. • In 2018 profits on the sale of properties is up on 2017 impacting EPS (this is eliminated from the HEPS result). Imperial will release its results for the year ended 30 June 2018 on the 21 August 2018. The forecast financial information in this trading statement to shareholders is based on information available at the time of publication and has not been reviewed or reported on by Imperial’s auditors. Bedfordview 3 August 2018 Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 03/08/2018 09:10:00 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.
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