MMIG07 MOMENTUM METROP/VARI FRN 20290918 - Results of General Meeting

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

Date: 27-11-2020 07:05:00
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