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MMI - MMI Holdings Limited - Trading statement in terms of the JSE Listings Requirements 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" or "the company") Trading statement in terms of the JSE Listings Requirements MMI`s interim results for the period ended 31 December 2010 will be released on 9 March 2011. MMI Holdings Limited (previously Metropolitan Holdings Limited) acquired all the ordinary shares in Momentum Group Limited (Momentum) from FirstRand Limited (FirstRand) and issued 951 million shares to FirstRand on 1 December 2010. For accounting purposes the transaction is regarded as a reverse acquisition: Momentum is treated as the acquirer and Metropolitan Holdings Limited (Metropolitan) the acquiree, while Momentum`s year-end (30 June) has been adopted by the group. The statutory interim results for MMI will therefore contain Momentum`s results for the six months ended 31 December 2010 plus one month for Metropolitan (December 2010). For earnings per share calculations, the results for the period will be divided by the weighted average MMI shares in issue, being 1 055 million on a diluted basis. Shareholders are therefore advised that the group`s statutory diluted earnings per share and diluted headline earnings per share are expected to be between 95 and 115 cents per share for the period ended 31 December 2010, while the statutory diluted core headline earnings per share will be between 70 and 80 cents per share. Core headline earnings are a measure of performance used by MMI in addition to earnings and headline earnings as they are regarded by the directors of MMI as an appropriate measure of longer term operational performance. Core headline earnings eliminate items of both a once-off and an inherently volatile nature, including changes to the valuation basis, investment variances, fair value movements on shareholder assets and the amortisation of any intangible assets recognised due to business combinations. The forecast financial information on which this trading statement is based has not been reviewed and reported on by MMI`s external auditors. Centurion 3 March 2011 Sponsor Merrill Lynch South Africa (Pty) Ltd Date: 03/03/2011 11:25:01 Supplied by www.sharenet.co.za 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.
