MMI HOLDINGS LIMITED - Changes to the Board of MMI

Changes to the Board of MMI

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")

CHANGES TO THE BOARD OF MMI

Shareholders of MMI are advised that the Group Finance Director of
MMI, Preston Speckmann, will retire effective 30 June 2015 after
16 years of distinguished service within the group. Mary Vilakazi
will succeed him in the position of Group Finance Director, from 1
July 2015. As a result of his retirement, Preston will step down
as an executive director and Mary will be appointed as executive
director to the MMI Holdings and MMI Group Boards. Mary’s
appointment completes the succession planning and structured
handover process implemented last year ahead of Preston’s
retirement.

Mary's association with MMI started when she was a partner at PwC
responsible for the Metropolitan audit. She then served as a non-
executive director of Metropolitan and subsequently non-executive
director of MMI where she was a member of the Audit and Actuarial
Committees. In May 2014 Mary became a MMI executive by virtue of
her appointment as the CEO of Balance Sheet Management. In
September 2014 she was appointed MMI’s Chief Financial Officer.


MMI further advises that Ngao Motsei, the Group Executive for
Strategic HR and Transformation, has decided to leave the corporate
world to pursue other interests. Ngao joined MMI in June 2011 as
Group Executive: Strategic HR and took over the Transformation
portfolio in October 2012. She will also step down as an executive
director on the MMI Holdings Board and as MMI Group Executive for
Strategic HR and Transformation on 30 June 2015.

The Board of MMI would like to thank Preston and Ngao for their
respective contributions to the development and growth of MMI, and
also wish Mary all the best in her new role.

Centurion
18 May 2015

Sponsor
Merrill Lynch South Africa (Pty) Ltd

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