Amendment Notice of Annual General Meeting MMI HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 2000/031756/06 ISIN Code: ZAE000149902 JSE Share Code: MMI NSX Share Code: MIM ("MMI" or "Company") Amendment Notice of Annual General Meeting Shareholders are referred to the Company announcement published on 30 September 2016 on the Stock Exchange News Service, wherein they were advised of the MMI notice of annual general meeting (“AGM”) to be held at 13:30 on Tuesday, 22 November 2016, in the Executive Boardroom, 1st floor, MMI Head Office, 268 West Avenue, Centurion. MMI has determined the need to include a new Special Resolution number 3 to its Notice of AGM which was circulated to shareholders on 30 September 2016. Notwithstanding the decision by the MMI Remuneration Committee and MMI Board that the scale of remuneration for non-executive directors which was approved by shareholders at the AGM in November 2015, should not increase, the unchanged fees will be submitted for re-approval by shareholders at the next AGM. As a consequence, the company hereby gives notice to shareholders that the “Notice of Amendment to the AGM: Special resolution 3” relating to payment of fees (albeit unchanged) to the non-executive directors of MMI, has been distributed to shareholders on Thursday 27 October 2016, together with an Amended Form of Proxy. The “Notice of Amendment to the AGM: Special resolution 3” and Amended Proxy Form is available on the Company’s website www.mmiholdings.com . Centurion 27 October 2016 Sponsor in South Africa Merrill Lynch South Africa (Pty) Limited Sponsor in Namibia Simonis Storm Securities (Pty) Limited Date: 27/10/2016 04:35:00 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.