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 ("REGULATION 43")                                           
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")        
A    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 31 December 2011 is set out below.      


                                                                                
                                                                                
                                               Group     Bank                   
R`000     R`000                  

Total primary capital                           1,325,848 1,410,687             
Total secondary capital                         34,692    3,509                 
Total regulatory capital                        1,360,540 1,414,196             
Primary capital adequacy ratio (%)              23.49     25.50                 
Secondary capital adequacy ratio (%)            0.61      0.06                  
Total capital adequacy ratio (%)                24.10     25.56                 
Total capital requirement (@ 9.5%)              536,224   525,552               
B.   Bi-annual disclosure                                                       
    In addition, the Regulations require bi-annual qualitative and quantitative 
    disclosure to the public. This disclosure is available on the Group`s       
    website: www.mercantile.co.za                                               
Johannesburg                                                                    
23 March 2012                                                                   
Sponsor: Bridge Capital Advisors (Pty) Ltd                                      
Date: 23/03/2012 12:58:01 Supplied by www.sharenet.co.za                     
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