MTL - Mercantile Bank Holdings Limited - Company Announcement

MTL - Mercantile Bank Holdings Limited - Company Announcement                   
Mercantile Bank Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1989/000164/06)                                            
Share code: MTL      ISIN: ZAE000064721                                         
("Mercantile")                                                                  
IMPLEMENTATION OF THE ACQUISITION BY MERCANTILE OF 51% OF THE ISSUED SHARE      
CAPITAL OF MULTI RISK INVESTMENT HOLDINGS (PROPRIETARY) LIMITED ("MULTIRISK") - 
("THE ACQUISITION")                                                             
The directors of Mercantile are pleased to announce that all the conditions     
precedent have now been fulfilled, including approval from the Bank Supervision 
Department of the South African Reserve Bank, and that the Acquisition was      
implemented on Friday 1 July 2011. The parties will now work towards leveraging 
their combined strengths to harvest potential business and revenue opportunities
for Mercantile and MultiRisk.                                                   
Johannesburg                                                                    
4 July 2011                                                                     
Sponsor to Mercantile: Bridge Capital Advisors (Pty) Limited                    
Date: 04/07/2011 17:11:34 Supplied by www.sharenet.co.za                     
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