MMI GROUP LIMITED - Notice of Credit Rating Amendments - MMI/MIM/MMIG

Notice of Credit Rating Amendments - MMI/MIM/MMIG

MMI Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 2000/031756/06
JSE share code: MMI
NSX share code: MIM
ISIN: ZAE000149902
(‘MMI’)

MMI Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1904/002186/06)
Bond Issuer code: MMIG
(“MMIGL”)


MMIGL - Notice of Credit Rating Amendments

On 12 June 2017, Moody’s Investors Service (“Moody’s”) downgraded the global scale Insurance
Financial Strength (IFS) rating to Baa2 with a long-term rating to Baa3 of MMI Group Limited
(MMIGL). Moody’s also affirmed the national scale IFS rating of MMIGL at Aaa.za,
 with the long-term issuer rating at Aaa.za and the unsecured subordinated notes rating at
Aa2.za.

It is worth noting that Moody’s national scale rating of Aaa.za is the highest rating in the
country. Moody’s commented that MMIGL’s rating reflects its top tier market position in South
Africa, its solid capital position and its flexible product characteristics.

END

Contact: Gerber Schnetler
MMI Holdings Limited
Tel: 012 673 7064

19 June 2017
Centurion

Sponsor
Merrill Lynch South Africa (Pty) Limited

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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