Metropolitan - Appointment of group chief executive

The board of directors of Metropolitan Holdings Ltd takes pleasure in announcing that
Wilhelm van Zyl (pictured right) has been appointed as group chief executive with effect from 1 April 2008.
This appointment is being made after the board engaged independent advisors to conduct
an extensive search and evaluation of both internal and external candidates. The board is
confident that van Zyl is the person to lead the group in its vision of being the leading
financial services business in Africa.

Van Zyl is currently head of corporate business at Metropolitan as well as being the
managing director of Metropolitan Life Ltd, the group’s largest subsidiary. Since joining
the group in 1999 after the acquisition of Commercial Union Life, van Zyl has also fulfilled the roles of group actuary and managing director of Metropolitan Odyssey Ltd. He is a qualified actuary and during 2005 successfully completed the advanced management
programme at Harvard.

On behalf of the Metropolitan group, chairman Prof Wiseman Nkuhlu extends warm
congratulations to Wilhelm and wishes him every success in this exciting new role.