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Thu 28 Sep 2006, 14:00 Mutual & Federal - Change In The Board Of Director
MAF
 MAF                                                                             
Mutual & Federal - Change In The Board Of Directors                             
MUTUAL & FEDERAL INSURANCE COMPANY LIMITED                                      
(Incorporated in the Republic of South Africa)                                  
ISIN No: ZAE000010823                                                           
Share code: MAF                                                                 
(Reg.No. 1970/006619/06)                                                        
("Mutual & Federal" or "the Company")                                           
CHANGE IN THE BOARD OF DIRECTORS                                                
In compliance with section 3.59 of the JSE Limited Listings Requirements, Mutual
& Federal shareholders are advised that by resolution of the board of directors 
dated 28 September 2006, Mr C J W Ball, Mr T A Boardman, Mrs A A Maule and Mrs P
R E Tsukudu are to be appointed as Non-Executive directors with effect from 1   
October 2006.                                                                   
Furthermore, Mr J V F Roberts will be resigning as a director of the Company    
with effect from 1 October 2006 following his appointment as CEO of Skandia     
Limited.                                                                        
28 September 2006                                                               
Johannesburg                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 28/09/2006 02:00:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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