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

MTL - Mercantile Bank Holdings Limited - Unaudited disclosure in terms of       
Regulation 43 relating to Banks issued under Section 90 of the banks Act, No    
94 of 1990, as amended                                                          
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 RELATING TO BANKS ISSUED UNDER   
SECTION 90 OF THE BANKS ACT, NO 94 OF 1990, AS AMENDED ("REGULATION 43")        
Quarterly disclosure - Capital adequacy                                         
In terms of Regulation 43, 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 30 September 2011 is set out below.         
Group     Bank                   

                                               R`000     R`000                  
Total primary capital                           1,338,203 1,365,726             
Total secondary capital                         31,725    3,720                 
Total regulatory capital                        1,369,928 1,369,446             
Primary capital adequacy ratio (%)              25.50     26.54                 
Secondary capital adequacy ratio (%)            0.60      0.07                  
Total capital adequacy ratio (%)                26.10     26.61                 
Total capital requirement (@ 9.5%)              498,573   488,875               
Johannesburg                                                                    
14 November 2011                                                                
Sponsor: Bridge Capital Advisors (Pty) Ltd                                      
Date: 14/11/2011 16:13:02 Supplied by www.sharenet.co.za                     
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