Dealing in Securities by a 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 (“MMI”) DEALING IN SECURITIES BY A DIRECTOR In compliance with the JSE Listings Requirements, MMI advises that Mr SE Nxasana has sold shares (details of sale outlined below) to settle the loan raised on 23rd December 2009 to fund his participation in a private transaction between himself and Mr GT Ferreira, Mr LL Dippenaar and Mr PK Harris (previously referred to as the Founders Consortium). This transaction was announced on 23rd December 2009. Full settlement of the loan is due on 8th November and the share transactions required to enable settlement took place on 1st November 2013. Mr Nxasana has sold his MMI shares to settle his funding obligations to the Founders Consortium. Details of the sale are as follows: Director : Sizwe Errol Nxasana Company : MMI Holdings Nature of transaction : On-market sale of shares Class of securities : Ordinary shares Date of transaction : 1 November 2013 Number of securities : 1,116,166 Selling price : 2,459.61 cents per share Total value of transaction : 27,453,330.55 Nature of interest : Direct beneficial Clearance obtained : Yes Centurion 5 November 2013 Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 05/11/2013 04:58:00 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.