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Trading Statement in Terms of the JSE Listings Requirements
MMI Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 2000/031756/06
JSE share code: MMI
NSX share code: MIM
ISIN: ZAE000149902
("MMI" or "the company")
Trading statement in terms of the JSE Listings Requirements
MMI will be releasing final results for the year ended 30 June 2014
on 10 September 2014.
Shareholders are advised that the group`s diluted earnings per
share and diluted headline earnings per share are expected to be
between 20 and 30 percent higher than the comparative results while
diluted core headline earnings is expected to be up between 10 and
15 percent.
Core headline earnings is a measure of performance used by MMI in
addition to earnings and headline earnings. Core headline earnings
is regarded by the directors of MMI as an appropriate measure of
longer-term operational performance, given that items of both a
once-off and an inherently volatile nature are eliminated. These
items include changes to the valuation basis, investment variances,
fair value movements on investment assets and the amortisation of
any intangible assets recognised due to business combinations.
The increase in earnings and headline earnings in the current
period relative to the increase in core headline earnings is
largely due to increased fair value movements on shareholder
investment assets, lower actuarial basis changes and higher
investment variances.
The financial information on which this trading statement is based
has not been reviewed and reported on by MMI`s external auditors.
Centurion
28 August 2014
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Date: 28/08/2014 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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