Investor Presentaiton

Acquisitions as a result of Single Stock Futures Defaults Share Name Number of shares (million) % of Issued Ordinary Acquisition Cost Accounting basis Shares Rm Pinnacle Point Group 1 259.6 Sekunjalo Investments 28 931.4 Equity accounted 84.9 17 36.5 Equity accounted Blue Financial Services 95.9 16 389.9 Available for sale ConvergeNet Holdings8 86.2 10 86.2 Available for sale Total • Acquisition cost is the market value at date of acquisition 1 444.0 • Acquisition cost per share of Blue Financial Services has been reduced as a result of an additional 23 million shares received from the client in settlement of the default claim All default claims have been fully provided against; resulting in a R 52 m charge to the income statement relating to margin shortfalls 8 Sekunjalo is equity accounted as Absa Corporate and Business Bank already held 9%, taking the total holding to 26% 9 ConvergeNet Holdings was acquired in early 2009 27 27

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