MTL - Mercantile Bank Holdings Limited - Unaudited disclosure in terms of

MTL - Mercantile Bank Holdings Limited - Unaudited disclosure in terms of       
regulation 43 of The Banks Act                                                  
Mercantile Bank Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1989/000164/06)                                            
Share code: MTL      ISIN: ZAE000064721                                         
("the Group")                                                                   
UNAUDITED DISCLOSURE IN TERMS OF REGULATION 43 OF THE BANKS ACT                 
Quarterly disclosure - Capital adequacy                                         
In terms of Regulation 43 of the Banks Act, the Group is required to disclose   
quantitative information on its capital adequacy ratios on a quarterly basis.   
The consolidated capital position of the Group and the capital position of      
Mercantile Bank Limited ("Bank") at 31 December 2010 is set out below.          
                                                                                
                                                Group     Bank                  
R`000     R`000                 

Total primary capital                            1,246,754 1,276,395            
Total secondary capital                          43,006    5,161                
Total regulatory capital                         1,289,760 1,281,556            
Primary capital adequacy ratio (%)               22.68     23.67                
Secondary capital adequacy ratio (%)             0.78      0.10                 
Total capital adequacy ratio (%)                 23.46     23.77                
Total capital requirement (@ 9.5%)               522,223   512,181              
Johannesburg                                                                    
23 March 2011                                                                   
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 23/03/2011 09:12:29 Supplied by www.sharenet.co.za                     
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