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Investor Presentaiton

Building shareholder value Santova In concluding, We believe profits or share price are not necessarily a reflection of value, value per share is, particularly from a South African listed environment perspective. In this regard, we will continue to focus on building value per share by; ■ Focusing on strong operating margins, cash flow and profitability. ■ Balancing buying own shares back when the share price is low versus making strategic acquisitions.

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