Investor Presentaiton

Capital and balance sheet OGL interim dividend declared per share - cents OHL interim dividend - R'million. Post the listing transition the pay-out ratio of OGL will closely align with OHL 66.7% 80.3% 70.6% 65.3% 37.2% 32.8% 938 938 938 16.8% 18.7% Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Interim ordinary dividend - cents per share - Dividend pay-out ratio 85.1% 938 64.5% 696 Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Interim ordinary dividend (R'million) Dividend pay-out ratio The Group's dividend profile is highly correlated to earnings overlaid with the growth profile and therefore capital intensity of the businesses. During periods of higher growth, more earnings will be retained to support the increasing regulatory capital requirement. The lower dividend pay-out ratio allows for reinsurance renewal uncertainty and capital retention for OUTsurance Ireland. It is expected that a minimum dividend pay-out ratio of 60% can be maintained over the capitalisation period of OUTsurance Ireland. OUTsurance Group Limited OUT 31

View entire presentation