MMIG07 - Listing of New Financial Instrument MMI Group Limited (Incorporated in the Republic of South Africa) (Registration No. 1904/002186/06) Company code: MMIG Bond Code: MMIG07 ISIN: ZAG000157496 (“MMI”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted MMI the listing of its Unsecured Subordinated Callable Floating Rate Notes, in terms of its Unsecured Subordinated Note Programme (“the Programme”), as guaranteed by MMI Holdings Limited, dated 08 March 2019, effective 18 March 2019. Debt Security Code: MMIG07 ISIN: ZAG000157496 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR 750 000 000.00 Issue Date: 18 March 2019 Issue Price: 100% Coupon Rate: 3 Month JIBAR plus 175 basis points, applicable from 18 March 2019 to 18 September 2024 Step-Up Rate: 3 Month JIBAR plus 275 basis points, applicable from 18 September 2024 to 18 September 2029 Interest Commencement Date: 18 March 2019 Interest Determination Date(s): 18 June, 18 September, 18 December and 18 March of each year until maturity, with the first interest determination date being 13 March 2019 First Interest Payment Date: 18 June 2019 Interest Payment Date(s): 18 June, 18 September, 18 December and 18 March of each year until maturity Last Day to Register: By 17h00 on 7 June, 7 September, 7 December and 7 March of each year until maturity Books Close: 8 June, 8 September, 8 December and 8 March of each year until maturity Business Day Convention: Following Business Day Optional Redemption Date: 18 September 2024 Final Maturity Amount: 18 September 2029 Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme Summary of Additional Terms: Not Applicable Programme Amount: ZAR 10 000 000 000.00 Total Notes in Issue Under Programme: ZAR 4 250 000 000.00, exclusive of this issuance of notes Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank division The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. 15 March 2019 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/03/2019 08:00:00 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.