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Appointment of Joint Auditors

Published: 2023-11-10 17:58:24 ET
<<<  go to JSE:MTM company page
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”)

MOMENTUM METROPOLITAN LIFE LIMITED
Incorporated in the Republic of South Africa
Registration No. 1904/002186/06
LEI: 378900E0A78B7549C212
Company code: MMIG
(“MML”)

(“Momentum Metropolitan” or the “Group”)


APPOINTMENT OF JOINT AUDITORS

Shareholders and noteholders are advised that, in view of the Prudential
Authority of the South African Reserve Bank’s (“Prudential Authority”)
consideration to issue joint audit requirements for insurers and
insurance groups, the Group intends to appoint PricewaterhouseCoopers
Inc.(“PwC”) as joint auditors with the existing Group auditors, Ernst &
Young Inc. (“EY”).

PwC’s appointment is intended to be effective from 1 July 2024, i.e. for
the Group’s financial year ending 30 June 2025, subject to the approval
of the Prudential Authority. A further announcement regarding the
appointment of PwC and lead audit partner will be made on SENS once the
Prudential Authority approval has been obtained.

In terms of section 90(1) of the Companies Act No. 71 of 2008, as amended,
as well as paragraph 3.86 of the JSE Limited (“JSE”) Listings
Requirements and paragraph 7.3(e)(iv) of the JSE Debt Listings
Requirements, the appointment of PwC will be tabled as a resolution to
the MMH and MML ordinary shareholders at the appropriate annual general
meetings in 2024.



Centurion
10 November 2023

Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited t/a BofA Securities

Sponsor in Namibia
Simonis Storm Securities (Pty) Limited

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)