Changes to Board Committees MMI Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2000/031756/06) JSE share code: MMI NSX share code: MIM (“MMI Holdings” or “the Company”) MMI GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1904/002186/06) Company code: MMIG Changes to Board Committees Shareholders are informed of the following changes to the MMI Holdings Board Committees: • Social, Ethics and Transformation Committee (“SETC”): Mr KC Shubane is currently a member of the SETC and has taken over as Chairman of the Committee with effect from 26 November 2018, as a consequence of Mr SA Muller’s retirement from the Board of MMI, as announced on 29 November 2018. • Audit Committee: Mr SA Muller has retired from the Committee with effect from 26 November 2018. The remaining members of the committee are Mr FJT Truter (Chairman), Ms F Daniels and Mr L von Zeuner. • Risk, Capital and Compliance Committee: Appointment of Mr D Park as a non-director member on the Committee with effect from 1 August 2018. • The Nominations Committee has approved the establishment of a new MMI governance Committee to serve as an Investments Committee. Mr V Nkonyeni will serve as the Chairman of such Committee. The Committee will assist the board in the review, approval and oversight of acquisitions, disposals, additional investments and new initiatives. Centurion 3 December 2018 JSE Sponsor: Merrill Lynch South Africa (Pty) Limited Date: 03/12/2018 10:21:00 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.