Voting Outcome by MGL01 and MET01 Noteholders - MMI Group Limited MMI Group Limited (Incorporated in the Republic of South Africa) (Registration No. 1904/002186/06) Company code: MMIG VOTING OUTCOME BY NOTEHOLDERS The MMI Group Limited (the Issuer) issued a consent request to the MET01 Noteholders and the MGL01 Noteholders (the Noteholders) on 10 December 2013 to consider and, if thought fit, to consent to: 1. the amendment and restatement of the Momentum Programme Memorandum and its consolidation with the Metropolitan Programme Memorandum including amending and restating the Momentum Terms and Conditions to form the MMI Programme; 2. the amendment and restatement of the Applicable Pricing Supplement relating to the issue of ZAR1,000,000,000 Unsecured Subordinated Callable Notes due 15 September 2020 (MGL01) on 25 April 2006 by MMI Group Limited (formerly Momentum Group Limited) (the MGL01 Applicable Pricing Supplement); and 3. the amendment and restatement of the Applicable Pricing Supplement relating to the issue of ZAR500,000,000 Unsecured Subordinated Callable Notes due 15 December 2019 (MET01) on 15 December 2006 by Metropolitan Life Limited (the MET01 Applicable Pricing Supplement). The Issuer wishes to advise the Noteholders that the motion was approved by 77.84% of the MET01 Noteholders and 74.45% of the MGL01 Noteholders on 21 January 2014. The MMI Programme, MET01 Applicable Pricing Supplement and MGL01 Applicable Pricing Supplement, reflecting the approved changes, will be signed in due course and will be available on the Issuer’s website at http://www.mmiholdings.com once signed. 23 January 2014 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 23/01/2014 10:12:00 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.