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Investor Presentaiton

The production of unprocessed milk in South Africa is seasonal. Graph 412) AVERAGE UNPROCESSED MILK PURCHASES PER DAY PER MONTH IN SOUTH AFRICA IN THE YEARS 2015 TO JANUARY 2022 150.00 140.00 132.04 129.36 Total unprocessed milk purchases in South Africa in the years 2015 to January 2022 (Average per day per month) Index: January 2008 = 100 153.61 150.66 151.15 147.23 147.20 147.20 15028 146.87 149.24 145.80 145.5% 143.86 144.25 $142.06 144.88 140.71 140.31 138.97 139.36 139.39 35.25 135.26 134.94 138.15 130.00 129.3 127.81 125.68 123.98 124.22 121.61 124.16 119.75 121.3 120.00 118.55 119.38 118.16119.77 116.89 117 18 10.82 116.52 110.00 133.34 131.4 130.56 131 2 129.95 26.11 115.65 115.29 114.91 114.08 114.09 114.25 113.55 111.12 113.77 110.39 112.32.41 14/62 111.04 110.32 112.77 109.68 110. 108.18 108.69 109.0 110.07 109.38 108.07 108.14 105.95 105.45 107.52 106.21 104.59 104.32 119.63 119.87 131.45 127.96 124.84 100.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2015 2016 2017 2018 2019 2020 -2021 -- 2022 12) Table 4 and Graph 7 prepared by the Office of SAMPRO on the basis of information obtained from MILK SA. The information in respect of 2012 to January 2022, is in respect of the total unprocessed milk purchased by all registered milk buyers declared in terms of Regulation 1652 of the Marketing of Agricultural Products Act and previous similar regulations. The figures for December 2021 and January 2022, are estimated figures. 16
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