MTM MMT MMIG - Notification of the affirmation of Momentum Metropolitan Life’s credit ratings Momentum Metropolitan Holdings Limited Incorporated in the Republic of South Africa Registration number: 2000/031756/06 JSE & A2X Share Codes: MTM NSX Share Code: MMT ISIN: ZAE000269890 (“MMH” or the “Group”) Momentum Metropolitan Life Limited Incorporated in the Republic of South Africa Registration number 1904/002186/06 Company code: MMIG (“MML” or the “Issuer”) NOTIFICATION OF THE AFFIRMATION OF MOMENTUM METROPOLITAN LIFE’S CREDIT RATINGS Shareholders of Momentum Metropolitan Holdings and noteholders of the Issuer are hereby advised that the Issuer’s credit ratings assigned by Moody’s Investors Service (“Moody’s”) were affirmed on 15 December 2020 as follows: - Insurance Financial Strength (“IFS”) rating at Ba1; - Long-term Issuer rating at Ba2; - Subordinated debt at Ba3(hyb); and - Backed Subordinated debt at Ba3(hyb). Moody’s indicates that MML’s Ba1 IFS rating reflects its top tier market position in South Africa, solid capital position and flexible product characteristics which mitigate the impact from credit stresses at sovereign level. The Issuer’s credit rating remains linked to the South African economy and sovereign debt instruments. The outlook for MML's global scale ratings is negative and reflects the negative outlook on the South African sovereign debt, and the exposure of MML to the South African sovereign debt and economy. The full credit rating report has been made available at the below link: https://www.momentummetropolitan.co.za/en/investor-relations/debt-investor 17 December 2020 Sponsor in South Africa Merrill Lynch SA (Pty) Limited Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 17-12-2020 02:30:00 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.