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Thu 4 Mar 2004, 16:01 DEALING IN SECURITIES BY DIRECTORS
IMPERIAL HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS OF LISTED        
  COMPANIES                                                                       
  IMPERIAL HOLDINGS LIMITED                                                       
  Registration number: 1946/021048/06                                             
  Share 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)                                               
  Name of Director                   : Boettger                                   
  Date of Transaction                :3 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                   :6800                                        
  Exercise Price per Share           :R31.05                                      
  Sale Price per Share               :R70.50                                      
  Total value of transaction         :R479 400.00                                 
  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 02:44:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  


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