/ 6 June 2000

IMPERIAL SHARES SOAR AFTER SAA DEAL

SHARES in Imperial Holdings firmed on Tuesday after news that its aviation wing Safair has acquired and leased back South African Airways’ entire fleet of 13 Boeing 747-200 aircraft. By midday the stock was up 3,76%, or 200 cents, at R55,20 with 552303 shares traded. Imperial shares outshined the diversified industrial sector, which was last up 2,49%. Safair managing director Ralph Boettger said on Monday the acquisition of the SAA fleet will provide long-term stable income to the company. Imperial is a diversified holding company with interests in car rental and leasing, tourism, transportation, motor trading, banking and insurance businesses.