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 March 2011 are set out below.            
                                                Group     Bank                  
                                                R`000     R`000                 
Total primary capital                            1,271,358 1,297,714            
Total secondary capital                          30,378    4,416                
Total regulatory capital                         1,301,736 1,302,130            
Primary capital adequacy ratio (%)               24.82     25.86                
Secondary capital adequacy ratio (%)             0.59      0.09                 
Total capital adequacy ratio (%)                 25.41     25.95                
Total capital requirement (@ 9.5%)               486,639   476,669              
Johannesburg                                                                    
25 May 2011                                                                     
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 25/05/2011 14:37:01 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.