MMI HOLDINGS LIMITED – Changes to the Board of MMI Group Limited

2019/04/15 17:10:00
SENS announcement for JSE listed company: MMI
                        

MMI 201904150043A
Changes to the Board of MMI Group Limited

MMI Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/031756/06)
JSE share code: MMI
NSX share code: MIM

MMI GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1904/002186/06)
Company code: MMIG
(‘MMI Group’ or ‘the Company’)

CHANGES TO THE BOARD OF MMI GROUP LIMITED

MMI Group Limited is a 100% owned life insurance subsidiary of MMI Holdings. Following on the
announcement made by MMI Holdings Limited on 15 March 2019 regarding new Board
appointments, MMI Group Limited has now also made the following appointments to its Board,
which were approved by the Prudential Authority on 26 March 2019:

Appointment of Ms Lisa Chiume

The Board is pleased to inform shareholders that Ms Lisa Chiume has been appointed as a non-
executive director of MMI Group with effect from 1 March 2019.

Ms Chiume is a senior investment executive at Rand Merchant Investment Holdings (‘RMI’) and
RMB Holdings Limited. As portfolio manager, she is responsible for a number of the key RMI
investments. She is also co-portfolio manager for AlphaCode (RMI’s fintech and next generation
financial services incubator) and she has primary responsibility for RMI’s enterprise development
programme to identify, partner and grow black financial services businesses. Prior to RMI, Ms
Chiume was employed by Deutsche Bank South Africa as Director, Country Coverage and
Investment Banking.

Appointment of Dr Sharron McPherson

The Board is pleased to inform shareholders that Dr Sharron McPherson has been appointed as
an independent non-executive director of MMI Group with effect from 1 March 2019.

Dr McPherson is co-founder and executive director at The Centre for Disruptive Technologies
which leverages an impressive Africa-wide and global network of experts in disruptive technologies
to advise government and businesses on digital transformation strategies. In addition, she is an
Adjunct Senior Lecturer – Project Finance at the University of Cape Town – Graduate School of
Business. Dr McPherson is also a co-founder & shareholder of an investment consortium, Women
in Infrastructure Development & Energy (WINDE). WINDE is one of the largest and most impactful
women’s infrastructure investment consortiums in Africa.

Appointment of Mr Sello Moloko

The Board is pleased to inform shareholders that Mr Sello Moloko has been appointed as an
independent non-executive director of MMI Group with effect from 1 March 2019.

Mr Moloko is the Executive Chairman and co-founder of Thesele Group, a Black owned investment
holding company. He has more than 27 years of business experience. He is the independent non-
executive Chairman of Sibanye-Stillwater and non-executive director of Telkom, Stor-Age REIT
and Prudential Investment Managers. He was previously Chairman of Alexander Forbes Group
and General Reinsurance Africa, and CEO of Old Mutual Asset Managers.

The MMI Group Board and executive management would like to welcome Ms Chiume, Dr
McPherson and Mr Moloko to the Board, and looks forward to their contribution to the future
success of MMI.

Centurion
15 April 2019
JSE Sponsor
Merrill Lynch South Africa (Pty) Limited

Date: 15/04/2019 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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