Momentum Metropolitan : Results of General Meeting

MOMENTUM METROPOLITAN HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 2000/031756/06

ISIN Code: ZAE000269890

JSE Share Code: MTM

A2X Share Code: MTM

NSX Share Code: MMT ("MMH" or the "Company")

MOMENTUM METROPOLITAN LIFE LIMITED

Incorporated in the Republic of South Africa

Registration No. 1904/002186/06

Company code: MMIG

Results of General Meeting

Further to the circular to shareholders dated 23 October 2020 (the "Circular") relating to the proposed establishment of a broad based employee share ownership plan (the "Empowerment Transaction"), MMH advises its shareholders that the general meeting of shareholders of MMH was held on Thursday, 26 November 2020 at 09:00 at The MARC, Tower 2, 129 Rivonia Road, Sandton. The proposed resolutions were approved by the requisite majority of votes cast by the shareholders of the Company.

The results are summarised below:

Resolutions proposed	Number of	Percentage	Percentage	Percentage	Percentage
	shares voted	shares	For **	Against**	Abstained*
	(excluding	voted*
	abstentions)	(excluding
		abstentions)
Special resolution 1: Financial
assistance under and for purposes
of the Scheme	1,196,148,558	79.88%	99.88%	0.12%	0.00
Special resolution 2: Specific
authority to repurchase MMH
Shares	1,196,149,847	79.88%	100.00%	0.00%	0.00
Ordinary resolution 1: Scheme
approval	1,196,146,532	79.88%	99.88%	0.12%	0.00
Ordinary resolution 2: Sale of
MMH Treasury Shares	1,196,132,406	79.88%	100.00%	0.00%	0.00
Ordinary resolution 3: General
authority	1,196,132,406	79.88%	100.00%	0.00%	0.00

• Based on 1,497,475,356 ordinary plus 28,060,898 preference shares, being the total number of MMH shares in issue as at record date 20 November 2020
• Based on the number of shares voted, excluding abstentions

Accordingly, subject to the fulfilment of all outstanding conditions precedent set out in the Transaction Documents and such Transaction Documents becoming unconditional, the Empowerment Transaction will be implemented in accordance with the Transaction Documents with the Initial Allocation to Eligible Employees expected to be made on or about March 2021.

Unless otherwise stated, capitalised terms used in this announcement have the same meaning given in the Circular.

Centurion

27 November 2020

Financial Advisor and Transaction Sponsor

The Standard Bank of South Africa Limited