MMI GROUP LTD - MGL01-Exercise of Early Redemption Option Notice

MGL01-Exercise of Early Redemption Option Notice

MMI Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1904/002186/06)
Company code: MMIG
(“MMI”)
Instrument code: MGL01
ISIN: ZAG000029935

Exercise of Early Redemption Option Notice



1.   On 25 April 2006 MMI Group Limited (formerly Momentum Group
     Limited) (the Issuer) issued ZAR1,000,000,000 Unsecured
     Subordinated Callable Notes (MGL01) (the MGL01 Notes) due
     15 September 2020 (the Maturity Date) pursuant to the terms
     and conditions contained in the Applicable Pricing
     supplement (the Previous Momentum Applicable Pricing
     Supplement) dated on or about 25 April 2006 read together
     with the terms and conditions contained in the programme
     memorandum dated 20 April 2006(the Previous Momentum Programme
     Memorandum) pursuant to the ZAR1,000,000,000
     Unsecured Subordinated Callable Note Programme established
     by Momentum Group Limited (the Previous Momentum Programme)

2.   On 5 March 2014, the Issuer updated and consolidated the
     Previous Momentum Programme together with the Metropolitan
     Life Limited ZAR500,000,000 Unsecured Subordinated Callable
     Note Programme (the Previous Metropolitan Programme)
     established on 13 December 2006 pursuant to a programme
     memorandum dated 13 December 2006 (the Previous Metropolitan
     Programme Memorandum) and established the MMI Group Limited
     Unsecured Subordinated Callable NoteProgramme (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 Momentum Applicable Pricing Supplement to
     reflect the amended terms and conditions of the Programme
     Memorandum. The MGL01 Notes are redeemable at the option of
     the Issuer on 15 September 2015.


This notice is delivered by the Issuer to each holder of MGL01
Notes (the Noteholders) issued under the Programme Memorandum in
accordance with Condition 9.3 (Redemption at the Option of the
Issuer) read 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 MGL01 Notes
on 15 September 2015 at the face value thereof, together with
any interest accrued thereon up until that date.



Dated 11 August 2015

For further information contact:
FirstRand Bank Limited, acting through its Rand Merchant Bank
division (RMB)

Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)

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