Trading statement for the twelve months ended 30 June 2019 Momentum Metropolitan Holdings Limited Incorporated in the Republic of South Africa Registration number 2000/031756/06 JSE share code: MTM NSX share code: MMT ISIN Code: ZAE000269890 (“Momentum Metropolitan” or “the Group”) Momentum Metropolitan Holdings Life Limited Incorporated in the Republic of South Africa (Registration No. 1904/002186/06) Company code: MMIG Trading statement for the twelve months ended 30 June 2019 Momentum Metropolitan is currently in the process of finalising its results for the full year ended 30 June 2019, which will be released on 4 September 2019. Pursuant to paragraph 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised that the Group’s basic earnings per share, basic headline earnings per share and diluted normalised headline earnings per share are expected to be within the ranges set out below: F2019 F2018 Percentage (cents) (cents) change Basic earnings per share 146 to 163 88 65%-85% Basic headline earnings per share 154 to 172 93 65%-85% Diluted normalised headline earnings 182 to 207 126 45%-65% per share* * In line with diluted normalised earnings reported in 1Q2019, 1H2019 and 3Q2019, the prior period numbers were restated to provide meaningful comparisons for the primary earnings measure adopted from the start of F2019 The basic earnings per share, basic headline earnings per share and diluted normalised headline earnings per share, are expected to grow strongly on the comparative period. The results from the comparative period were negatively impacted by large negative basis changes and investment variances across the South African Retail businesses and the rest of Africa. However, the strong growth in 2019 was also underpinned by a resilient operational performance in most business units, supported by efficiency improvements and good underwriting results. This underlying growth was partly offset by an increase in the Group’s share of losses, in line with business plans, on new initiatives such as our health insurance joint venture in India. Diluted normalised headline earnings adjust the standard JSE definition of headline earnings for the impact of treasury shares, the amortisation of intangible assets arising from business combinations and BEE costs. Momentum Metropolitan is of the opinion that these adjustments present a more realistic picture of the underlying performance of the group and remove distortions that might arise from elimination of treasury shares (potential distortions that are peculiar to financial institutions that invest in own securities on behalf of clients). The definition of diluted normalised headline earnings remains unchanged. The financial information on which this trading statement has been based has not yet been audited or reviewed by the company's auditors. Centurion 23 August 2019 Sponsor in South Africa Merrill Lynch South Africa (Pty) Limited Sponsor in Namibia Simonis Storm Securities (Pty) Limited Date: 23/08/2019 08:10:00 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.