Change in Auditors, Appointment of Company Secretary and Changes to the Board 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 Limited” or “the Company”) Change in auditors In June 2017, the Independent Regulatory Board of Auditors published a rule prescribing that auditors of public interest entities in South Africa must comply with mandatory audit firm rotation (“MAFR”), whereby audit firms shall not serve as the appointed auditor of a public interest entity for more than 10 consecutive years, with effect from 1 April 2023. The Board of MMI, together with its Audit Committee, has resolved to early adopt MAFR. As a consequence, PricewaterhouseCoopers Inc. will rotate off the Company’s audit on conclusion of its external audit responsibilities for the year ended 30 June 2019, expected to be at the conclusion of the Company’s annual general meeting to be held on 26 November 2019. Shareholders will be informed of the new firm of external auditors once all regulatory approvals have been obtained. The change of external audit firm will be tabled for approval by the Company’s shareholders at the Company’s next annual general meeting. Appointment of Company Secretary The Boards is pleased to announce that Ms Gcobisa Tyusha has been appointed as Group Company Secretary of the Company with effect from 1 July 2019. The Board is satisfied that Ms Tyusha has the necessary experience and expertise to fulfil the role of Group Company Secretary. Ms Tyusha will replace CorpStat Governance Services (Pty) Ltd represented by Karen Waldeck, who acted as Interim Group Company Secretary. The Board wishes to extend their thanks to CorpStat Governance Services (Pty) Ltd for their services provided during their tenure. Board and Committee Composition Changes Mr Sello Moloko, who was appointed to the Board on 1 March 2019, has been elected as Lead Independent Director. Furthermore, the Board is pleased to announce that Ms Kgaugelo Legoabe-Kgomari has been appointed as a non-executive director of MMI Holdings. Ms Kgaugelo serves as a Director of Investments at Kagiso Tiso Holdings Proprietary Limited (“KTH”) where she is responsible for a several investee companies within the KTH portfolio. Ms Kgomari has been involved with private equity and investment banking for over 15 years. Prior to joining KTH, she served as a deal maker in the investment banking division of Rand Merchant Bank and later joined Ethos Private Equity. Ms Kgomari obtained her B.Com degree (cum laude) from the University of Pretoria. She is a CFA Charterholder and a member of the CFA Institute. Mr Peter Cooper has stepped down as a member of the Risk, Capital and Compliance Committee. He will remain on the Board and continue to serve on the other Committees where he is appointed. Centurion 1 July 2019 JSE Sponsor Merrill Lynch South Africa (Pty) Limited Date: 01/07/2019 04:30:00 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.