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Fri 10 Oct 2003, 14:14 DEALING IN SECURITIES BY A DIRECTOR
IMPERIAL HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR                 
  IMPERIAL HOLDINGS LIMITED                                                       
  Registration number: 1946/021048/06                                             
  ISIN Code: ZAE000003620                                                         
  JSE Code: IPL                                                                   
  ("Imperial")                                                                    
  Dealing in securities by a director                                             
  Director                      :    P L Erasmus                                  
  Date of Transaction           :    9 October 2003                               
  Class of Security             :    Ordinary Shares                              
  Nature of Transaction         :    Sale of Shares                               
  Number of shares              :    3000 shares                                  
  Average Price                 :    59.75 per share                              
  Nature of Director"s Interest :    the sale was effected ex THE ERASMUS FAMILY  
                                     TRUST in which P L Erasmus has an indirect   
  beneficial interest                          
  Date: 10/10/2003 01:07:32 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
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