MMI GROUP LTD - Exercise of Early Redemption Option Notice - MET01

Exercise of Early Redemption Option Notice - MET01

MMI Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1904/002186/06)
Company code: MMIG
ISIN MET01: ZAG000035890
(“MMI”)

Exercise of Early Redemption Option Notice

1.   On   15 December 2006 MMI Group Limited (formerly Metropolitan Life Limited) (the Issuer) issued
     ZAR500,000,000 Unsecured Subordinated Notes (MET01) (the MET01 Notes) due 15 December 2019 (the Maturity Date)
     pursuant to the terms and conditions contained in the applicable pricing supplement (the Previous Metropolitan
     Applicable Pricing Supplement) dated 15 December 2006 read together with the terms and conditions contained in the
     programme memorandum dated 13 December 2006 (the Previous Metropolitan Programme Memorandum) pursuant to the ZAR500,000,000
     Unsecured Subordinated Callable Note Programme established by Metropolitan Life Limited (the Previous Metropolitan Programme).

2.   On 5 March 2014, the Issuer updated and consolidated the
     Previous Metropolitan Programme together with the Momentum
     Group Limited ZAR1,000,000,000 Unsecured Subordinated
     Callable Note Programme (the Previous Momentum Programme)
     established on 20 April 2006 pursuant to a programme
     memorandum dated 20 April 2006 (the Previous Momentum
     Programme Memorandum) and established the MMI Group Limited
     Unsecured Subordinated Callable Note Programme (the
     Programme) in terms of which the Issuer may from time to
     time issue debt securities on the Interest Rate Market of
     the JSE Limited (the JSE) as described in the programme
     memorandum, which was amended and restated on 5 March 2014
     (the Programme Memorandum), read with the relevant
     applicable pricing supplement from time to time.

3.   On 5 March 2014, the Issuer amended and restated the terms
     of the Previous Metropolitan Applicable Pricing Supplement
     to reflect the amended terms and conditions of the
     Programme Memorandum. The MET01 Notes are redeemable at the
     option of the Issuer on 15 December 2014.

4.   This notice is delivered by the Issuer to each holder of
     MET01 Notes (the Noteholders) issued under the Programme
     Memorandum in accordance with Condition 17 (Notices) of the
     section headed “Terms and Conditions of the Notes” in the
     Programme Memorandum for purposes of notifying Noteholders
     of the Issuer exercising its option (call option) for early
     redemption of the MET01 Notes on 15 December 2014 at the
     face value thereof, together with any interest accrued
     thereon up until that date.


13 November 2014

For further information contact:

FirstRand Bank Limited, acting through its Rand Merchant Bank
division (RMB)

Sponsor: RMB

Date: 13/11/2014 11:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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