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Wed 5 Nov 2008, 9:40 MTL - Mercantile - Share Incentive Scheme - Share Option Scheme: Dealings By
MTL
MTL                                                                             
MTL - Mercantile - Share Incentive Scheme - Share Option Scheme: Dealings By    
Mercantile Share Incentive Trust                                                
Mercantile Bank Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1989/000164/06)                                            
Share code: MTL ISIN: ZAE000064721                                              
("Mercantile" or "MBHL")                                                        
SHARE INCENTIVE SCHEME - SHARE OPTION SCHEME: DEALINGS BY MERCANTILE SHARE      
INCENTIVE TRUST                                                                 
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Limited, the following information is disclosed in respect of share         
purchases by the Mercantile Share Incentive Trust:                              
Date of transaction:          04 November 2008                                  
Price per share:              30 cents                                          
Number of shares:             904                                               
Total value:                  R271.20                                           
Class of securities:          Ordinary shares of 1 cent each                    
Nature of transaction:        Purchase (Mandate was given by directors of MBHL  
                             on 31 October 2008)                                
Date of transaction:          04 November 2008                                  
Price per share:              31 cents                                          
Number of shares:             159 200                                           
Total value:                  R49 352.00                                        
Class of securities:          Ordinary shares of 1 cent each                    
Nature of transaction:        Purchase (Mandate was given by the directors of   
                             MBHL on 31 October 2008)                           
Date of transaction:          04 November 2008                                  
Price per share:              32 cents                                          
Number of shares:             2 970 596                                         
Total value:                  R950 590.72                                       
Class of securities:          Ordinary shares of 1 cent each                    
Nature of transaction:        Purchase (Mandate was given by the directors of   
                             MBHL on 31 October 2008)                           
Johannesburg                                                                    
05 November 2008                                                                
Sponsor: Bridge Capital Advisors (Proprietary) Limited                          
Date: 05/11/2008 09:40:17 Produced by the JSE SENS Department.                  
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