OPEX Ratio Alignment & Portfolio Valuation Overview

VALUATION PEER GROUP RETAIL (PHARMACY) NEUCA S.A. | Poland • Sopharma Trading AD | Bulgaria S.C. Ropharma S.A. | Romania • • . SALUS, Ljubljana, d. d. | Slovenia • • Great Tree Pharmacy Co., Ltd. | Taiwan Dis-Chem Pharmacies Limited | South Africa Clicks Group Limited | South Africa • HOSPITALS Medicover AB (publ) | Sweden EMC Instytut Medyczny SAEMC SA | Poland • Med Life S.A. | Romania • Netcare Limited | South Africa Mediclinic International plc | South Africa MLP Saglik Hizmetleri A.S. | Turkey Life Healthcare Group Holdings Limited | South Africa • MEDICAL INSURANCE Powszechny Zaklad Ubezpieczen SA | Poland • • • European Reliance General Insurance Company S.A. | Greece • • • UNIQA Insurance Group AG | Austria Ageas SA/NV | Belgium EDUCATION SISB Public Company Limited | Thailand Curro Holdings Limited | South Africa Overseas Education Limited | Singapore Cairo For Investment & Real Estate • • & GEORGIA CAPITAL In . • • P&C INSURANCE Dhipaya Insurance | Thailand Zavarovalnica Triglav | Slovenia Pozavarovalnica Sava | Slovenia • Aksigorta | Turkey • Anadolu Sigorta | Turkey • • Bao Minh Insurance | Vietnam Turkiye Sigorta | Turkey CLINICS AND DIAGNOSTICS RENEWABLE ENERGY* EMC Instytut Medyczny SA | Poland Medicover AB (publ) | Sweden Med Life S.A. | Romania Mediclinic International plc | South Africa • • BCPG Public Company Limited | Thailand ERG S.p.A | Italy Polenergia S.A. | Poland. • Terna Energy Societe Anonyme | Greece • Development S.A.E | Egypt • Cogna Educação S.A. | Brazil • Medicover AB | Sweden • Colegios Peruanos S.A. | Peru • Fleury S.A. | Brazil • Educational Holding Group K.S.C.P | Kuwait • Instituto Hermes Pardini S.A. | Brazil ADVTECH Limited | South Africa *This list of the renewable energy business peers is extracted from the larger peer group used in valuations by Kroll. 99 99

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