MMI Leadership Appointments MMI Holdings Limited Group Incorporated in South Africa (Registration number 2000/031756/06) "MMI Holdings" or "the Company" JSE share code (primary listing): MMI NSX share code: MIM ISIN: ZAE000149902 MMI leadership appointments MMI has announced that Mr Khanyi Nzukuma who is currently CEO of Momentum Consult, has been appointed as the CEO designate of Metropolitan Retail from January 2014. The current CEO of Metropolitan Retail, Phillip Matlakala, will be reaching normal retirement age in the middle of 2014. Mr Matlakala’s invaluable industry experience will not be lost to MMI after his retirement in the middle of 2014, as he will play an advisory role on governance forums and strategic growth projects in MMI. Mr Nzukuma’s appointment is part of an executive succession plan to ensure a smooth and effective handover process and is the result of a comprehensive recruitment process. Mr Danie Botes, currently MMI’s Chief Integration Officer, has been appointed MMI’s Chief Operating Officer, effective immediately. Mr Jan Lubbe has been appointed MMI’s Chief Risk Officer and will start in this role on 21 November 2013. Ms Vuyo Lee has been appointed Group Executive responsible for Brand, Stakeholder Management and Sustainability and will start her new role with MMI on 1 December 2013. On behalf of: MMI Holdings Contact: Lerato Mametse Telephone: 012 671 8818 / 084 406 8272 Email: lerato.mametse@mmiholdings.co.za 28 October 2013 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 28/10/2013 04:00:00 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.