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Tue 9 Dec 2003, 9:10 DEALING IN SECURITIES BY DIRECTORS OF LISTED COMP
IMPERIAL HOLDINGS - DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES      
  IMPERIAL HOLDINGS LIMITED                                                       
  (Reg No. 1946/021048/06)                                                        
  Short Name: Imperial                                                            
  JSE Code: IPL                                                                   
  ISIN: ZAE000003620                                                              
  DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES                          
  In compliance with paragraph 3,63 of the Listings requirements of the JSE       
  Securities Exchange South Africa the following should be noted -                
  Name of Director:        Tak Heimstra                                           
  Date of Transaction:          27 November 2003                                  
  Nature of transaction:   Sale of Shares                                         
  Class of Security:       Ordinary Shares                                        
  Nature and extent of                                                            
  Director"s Interest in   Direct. Beneficial                                     
  Transaction                                                                     
  Number of shares:        106 242                                                
  Price per Share:         R63.29                                                 
  Total value of                                                                  
  transaction:             R6 724 056.18                                          
  Date of declaration:          8 December 2003                                   
  end                                                                             
  Date: 09/12/2003 08:52:02 AM Produced by the JSE SENS Department                
                                                                                  
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