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Thu 4 Mar 2004, 15:59 DEALING IN SECURITIES
IMPERIAL HOLDINGS LIMITED - DEALING IN SECURITIES                               
  Imperial Holdings Limited                                                       
  Registration number: 1946/021048/06                                             
  Share code: IPL                                                                 
  ISIN: ZAE000003620                                                              
  An amendment to the announcement released on 3 March 2004 with regard to dealing
  in securities by directors follows.                                             
  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)                                               
  Name of Director:             R Mumford                                         
  Date of Transaction:          2 March 2004                                      
  Nature of Transaction:        Exercise And Sale Of Share Options                
  Class of Security:            Ordinary Shares                                   
  Nature and Extent of                                                            
  Director"s Interest in                                                          
  Transaction:                  Direct/Beneficial                                 
  Number of Shares:             4000                                              
  Exercise Price per Share:     R29.00                                            
  Sale Price per Share:         R71.00                                            
  Total value of transaction:   R284000.00                                        
  Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange
  South Africa Listings Requirements has been obtained.                           
  4 March 2004                                                                    
  Edenvale                                                                        
  Sponsor                                                                         
  Merrill Lynch South Africa (Pty) Limited                                        
  Date: 04/03/2004 02:42:02 PM Produced by the JSE SENS Department                
                                                                                  
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