| Momentum Investments has more than R320bn assets under management making us one of South Africa's largest investment houses, offering a wide spectrum of investment services and solutions to both individual and institutional investors. The services and solutions are offered through our asset management, alternative investments, manager of managers, collective investments, global investments, property investments businesses and various investment platforms. Momentum Investments includes all the investments-related businesses of MMI Holdings which was formed through the merger of Momentum and Metropolitan, with total assets of about R414 billion and an embedded value of some R29 billion on the day of listing on 1 December 2010. During the integration process, a key focus has been retaining key skills and capabilities, building the best and most diverse investment team, while identifying and addressing areas for further improvement across the company and its units. With the grouping together of a range of investment capabilities from various respected and successful brands, Momentum Investments is a force to be reckoned with. In the current market environment marked by global uncertainty, volatility and generally poor economic prospects, our leaders have worked diligently in reviewing all business units and offerings in order to create an investment business with unrivalled breadth of capabilities and investment solutions to cater for the diverse investment growth and preservation needs of investors. We have made significant investments in technology and processes to ensure that it not only improves our probability of delivering on our investment promises, but also provides investors with tools to engage while having oversight over their investments at all times. A primary focus among our leaders is investing in capabilities to improve its confidence in delivering on client expectations through its philosophy of partnership. Momentum Investments provides investors with the comfort of size without compromising on innovation. We have an excellent and demonstrable track record in fixed income, specialist equity, socially responsible investments, alternative asset classes, and in its local and international manager of managers' capabilities. These capabilities will play a key part in our efforts to achieve the objective of investment leadership. We look forward to building stronger relationships while delivering only the best choices for our investors. Morris Mthombeni
CEO: Momentum Investments |