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Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

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Update on COVID-19 Vaccination Rollout Strategy

We have been working hard with government and other role-players in driving a successful vaccine rollout strategy. We would like to share our progress on enabling the vaccination of our members and South Africans. (Our members include all members of all the medical schemes administered by our Health business.)

Momentum Metropolitan’s Cyber Security Team issue cautionary to consumers to be alert to not get taken by scammers.

As times get tougher, scammers are becoming more determined and craftier at cheating people of their money. Stay alert and report any suspicious behaviour to your financial advisor.

Momentum Metropolitan’s operating performance continued to improve, but earnings lower due to Covid-19

Group grows new business by 14% in difficult conditions

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Momentum Metropolitan looks beyond Covid-19

Results demonstrate robustness of Group’s performance

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Momentum Metropolitan to list on A2X

Momentum Metropolitan Holdings (share code: MTM) has been approved for a secondary listing on A2X Markets and will list on 5 August 2020. Momentum Metropolitan will retain its listings on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange and the Group’s issued share capital will be unaffected by its secondary listing on A2X.

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Covid mutes Momentum Metropolitan’s upward curve

Momentum Metropolitan showed good operational performance during the third quarter of their financial year (January to March 2020), slightly better than the previous two quarters. Excluding the impact of market-related items in March, earnings from operations for the quarter were R947 million.

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Dr Clarence Mini made valuable contribution to industry, will be missed

Momentum Metropolitan notes with sadness the passing of Dr. Clarence Mini, Chairperson of the Council for Medical Schemes (CMS).

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Statement on the sudden death of professor Gita Ramjee

The Momentum Metropolitan Foundation, formerly known as the MMI Foundation, is deeply saddened and shocked at the sudden and untimely passing of HIV scientist and researcher Professor Gita Ramjee in Umhlanga, Kwa-Zulu Natal on 31 March 2020.

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Momentum Metropolitan Holdings partners with Gift of the Givers for COVID-19 drive through testing facility

South African non-profit organisation Gift of the Givers has announced a partnership with Momentum Metropolitan Holdings to establish a drive-through testing facility at its Cape Town regional head office in Bellville. The building’s open-top parking lot will be turned into a drive through testing facility to provide safe and efficient testing for the COVID-19 virus following President Cyril Ramaphosa’s announcement on Monday, 30 March to elevate the efforts in testing communities to aggressively flatten the curve of the pandemic.

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Momentum Metropolitan Empowers SA Youth to Enhance Youth Employability

In response to a defined and definite national need, Momentum Metropolitan in 2018 sharpened its CSI focus to wholly concentrate on finding workable and sustainable solutions to place young people into gainful jobs. Driven by the Momentum Metropolitan Foundation, the company to date has placed 927 young people into employment. Training for a further 840 candidates is in the pipeline.

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Momentum Metropolitan Holdings partners with Government to fight COVID-19

Momentum Metropolitan Holdings has partnered with Government and the National Department of Health (NDOH) to provide financial support and offer resources to support the various initiatives aimed at preventing and containing the impact of COVID-19 on all South Africans.

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Focus pays off for Momentum Metropolitan - Group posts double-digit earnings growth

Eighteen months into its three-year Reset and Grow turnaround strategy, Momentum Metropolitan Holdings (JSE: MTM) again reported good operational results – amidst a challenging economic environment. At its interim results announcement today, the Group reported that it had increased diluted normalised headline earnings to R1.8 billion – signifying double-digit growth of 10% year-on-year. On a per share basis, diluted normalised headline earnings increased by 12% to 118 cents. Momentum Metropolitan also declared an ordinary dividend of 40 cents per ordinary share, an increase of 14% on the prior year.

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Momentum Metropolitan Holdings maintains Level 1 B-BBEE by getting key elements right

For the second consecutive year, the Momentum Metropolitan Holdings Group (MomMet) has retained its Level 1 Broad-Based Black Economic Empowerment (B-BBEE) status under the revised Financial Sector Code (FSC).

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