Investor Presentaiton

• MTN Revised dividend policy Dividend declared FY 21 Guided minimum ordinary dividend of 260cps for FY 21 Board decision to pay an ordinary DPS of 300cps Balances progress in: ARP - Cash upstreaming I Faster deleveraging Liquidity headroom for investment • Dividend policy Annual dividend declaration • Aligned with capital allocation priorities Enables accelerated investment into faster growth areas - Focus on paying down non-ZAR debt • Board anticipates paying a minimum ordinary DPS of 330cps for FY 22 9

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