Changes to the Board and Board Committees of MMI MMI HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 2000/031756/06) ISIN Code: ZAE 000149902 Share Code: (JSE) MMI Share Code: (NSX) MIM CHANGES TO THE BOARD AND BOARD COMMITTEES OF MMI The MMI Holdings Ltd Board of Directors (the “Board”) would like to inform its shareholders of changes in the compositions of certain Board Committees, in light of; - P Speckmann’s retirement, who is no longer a member of the Risk, Capital and Compliance Committee effective 30 June 2015. - B Gouws’ retirement, who is no longer a member of the Fair Practices Committee effective 30 June 2015, and S Jurisich’s appointment as a member with effect from 1 July 2015. - the impending retirement of S Nxasana on 30 September 2015 as a director of the MMI Holdings Board, and his resignation as Chairman of the Remuneration Committee and member of the Nominations Committee effective 30 June 2015. J Burger has been appointed Chairman of the Remuneration Committee effective 1 July 2015. For ease of reference, the compositions of the MMI Board committees as at 1 July 2015 are stated hereunder: AUDIT ACTUARIAL REMUNERATION SOCIAL, ETHICS & FAIR PRACTICES RISK, CAPITAL & NOMINATIONS TRANSFORMATION COMPLIANCE F Truter(2,4) S Jurisich(2,5) J Burger(2,4) S Muller(2,4) B van der Ross(2,4) L von Zeuner(2,4) JJ Njeke(1,2,4) F Jakoet(4) N Kruger* J van Reenen(4) N Kruger* G Marx(5) N Kruger* F Truter(4) S Muller(4) M Vilakazi* B van der Ross(4) J Moleketi(4) N Kruger* J van Reenen(4) J Burger(4) L von Zeuner(4) M Venter(5) J Moleketi(4) K Shubane(4) K Shubane(4) V Nkonyeni(3) L von Zeuner(4) S Greybe(6) B van der Ross(4) S Jurisich(5) F Jakoet(4) L Crouse(3) F Truter(4) The MMI Balance Sheet Management Committee is no longer in existence since 31 December 2014. Its activities have since been merged into the Risk, Capital and Compliance Committee. 1 Board chairperson 2 Committee chairperson 3 Non-executive director 4 Independent non-executive director 5 Independent Member 6 Independent Consultant * Executive Directors CENTURION 8 JULY 2015 Sponsor in South Africa Merrill Lynch South Africa (Pty) Ltd Sponsor in Namibia Simonis Storm Securities (Pty) Ltd Date: 08/07/2015 01:30:00 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.