MMI HOLDINGS LIMITED - Dealings in Securities by Director

Dealings in Securities by Director

MMI HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 2000/031756/06)
ISIN Code: ZAE000149902
Share Code: (JSE) MMI
Share Code: (NSX) MIM

DEALINGS IN SECURITIES BY A DIRECTOR

In compliance with the JSE Listings Requirements, the following information is disclosed:

Director:                    Sizwe Errol Nxasana
Company:                     MMI Holdings Limited
Date of transaction:         26 September 2012
Nature of transaction: On market sale of ordinary shares arising from FirstRand Limited
                             ("FSR") Forfeitable Share Plan ("FSP") award.
Class of securities:         FSP in respect of ordinary shares
Number of FSP's constituting
ordinary award:              108 416
Price of original award:     R16-13
Award date:                  13 December 2010
Vesting date:                15 September 2012
Sale price:                  R20-89
Total value of transaction:  R2 264 810
Director's interest:         Direct Beneficial
Clearance obtained:          Yes

On 16 September 2009, Mr Nxasana was made an award of FSR FSP's in respect of FSR
ordinary shares in terms of the FirstRand Limited Forfeitable Share Plan 2009.

Subsequent thereto, on 13 December 2010 (following the Momentum Group Limited/MMI
merger, which was settled by means of an exchange of shares), this award of MMI ordinary
shares accrued to him when FSR's interest in Metropolitan Holdings Limited was unbundled to
FSR ordinary shareholders.

The restriction on the FSR FSP's was lifted on 17 September 2012. Mr Nxasana, an executive
of FSR chose to take delivery of the FSR ordinary shares, underlying the FSP, and elected to
sell the MMI ordinary shares. The proceeds will be utilised, in part, to settle the PAYE liability
incurred on the transaction.

CENTURION
28 September 2012

Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited

Sponsor in Namibia
Simonis Storm Securities (Pty) Limited

Date: 28/09/2012 12:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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