Fulfilment of Conditions Precedent Relating to the Disposal of the Schirm Business Imperial Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1946/021048/06) ISIN: ZAE000067211 Share code: IPL (“Imperial” or “Company” or “Group”) FULFILMENT OF CONDITIONS PRECEDENT RELATING TO THE DISPOSAL OF THE SCHIRM BUSINESS Further to the SENS announcement published on 8 November 2017, shareholders are advised that the remaining conditions precedent relating to the disposal of the Group’s interest in and claims against Schirm GmbH, the contract manufacturing service business of Imperial Chemical Logistics GmbH, and a related property (“the Transaction”), have been fulfilled. The Transaction has accordingly become unconditional. Settlement of the purchase consideration will take place on the closing date,30 January 2018. As disclosed in the SENS announcement on 8 November 2017, the purchase consideration is subject to final working capital adjustments and therefore the final price will be disclosed in our results for the 6 months to December 2017 to be published on the 20th February 2018. Bedfordview 17 January 2018 JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Corporate advisors: Rothschild & Co Legal advisors: Taylor Wessing Date: 17/01/2018 05:00:00 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.