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MMI HOLDINGS LIMITED - Changes to the Board and Board Committees of MMI

Release Date: 05/10/2016 15:40
Code(s): MMI     PDF:  
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Changes to the Board and Board Committees of MMI

MMI Holdings Limited
Incorporated in South Africa
(Registration number 2000/031756/06)
ISIN: ZAE000149902
NSX share code: MIM
JSE share code: MMI
"MMI" or the “Company"

CHANGES TO THE BOARD AND BOARD COMMITTEES OF MMI

The Board of Directors of MMI (Board) is pleased to announce the
appointment of Prof. S Jurisich, as a non-executive director of MMI, with
effect from 1 October 2016.

Prof. Jurisich is a Professor and Director of Actuarial Studies at the
University of Witwatersrand. He is currently serving as a non-executive
director on the Board of MMI Group Limited and is the Chairman of the MMI
Actuarial Committee. He is a Fellow of the Faculty of Actuaries in
Edinburgh and Fellow of the Actuarial Society of SA. He has a wealth of
actuarial experience, including previously being a director and
consulting actuary at Quindiem Consulting, an executive committee member
at Swiss Re Life Health as well as being a member of various industry and
actuarial professional bodies.

Furthermore, the Board announces that Mr Burger, who is retiring by
rotation during the next annual general meeting to be held on 22 November
2016, has advised that he is no longer available for re-election and will
therefore retire as a director of MMI on the same day at the AGM. As a
consequence of Mr Burger's retirement from the Board, the Board has
approved the appointment of Mr P Cooper, a non-executive director of MMI,
as Chairman of the MMI Remuneration Committee (“Remco”) with effect from
1 October 2016. In light of Mr Cooper’s appointment as the Chairman of
Remco, he serves in this ex officio capacity as a member on the MMI
Nominations Committee with effect from 1 October 2016. Mr Burger stepped
down as a member on both the Remco and Nominations Committee with effect
from 30 September 2016.

The Board would like to welcome Prof Jurisich as a director on the Board.
He brings with him a broad range of financial services experience and the
Board is looking forward to working with him in this new capacity. The
Board would also like to thank Mr Burger for his significant contribution
to MMI over many years, through his wealth of financial services
experience and deep business insights.


Centurion
5 October 2016

Sponsor:
Merrill Lynch South Africa (Pty) Limited

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