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Tue 11 Mar 2008, 9:00 MAF - Mutual & Federal Insurance Company Limited -
MAF
 MAF                                                                             
MAF - Mutual & Federal Insurance Company Limited - Withdrawal of cautionary     
announcement                                                                    
Mutual & Federal Insurance Company Limited                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1970/006619/06)                                           
("Mutual & Federal" or "the Company")                                           
Share code JSE: MAF & ISIN: ZAE000010823                                        
Share code NSX: MTF                                                             
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Shareholders are referred to the cautionary announcements released on SENS on 8 
November 2007, 14 December 2007 and 25 January 2008 relating to the potential   
sale by Old Mutual plc ("Old Mutual") to Royal Bafokeng Holdings (Proprietary)  
Limited ("RBH") of a controlling interest in Mutual & Federal. Shareholders are 
advised that discussions between Old Mutual and RBH have been terminated as     
commercial terms could not be reached between the parties. As a result, caution 
is no longer required to be exercised by shareholders when dealing in their     
securities.                                                                     
Johannesburg                                                                    
11 March 2008                                                                   
Co-sponsors                                                                     
Merrill Lynch South Africa (Proprietary) Limited                                
Nedbank Capital                                                                 
Merchant Bank and transactional sponsor                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 11/03/2008 09:00:16 Produced by the JSE SENS Department.                  
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