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AFS Financial Highlights Business Unit Earnings Mix (%) 29 29 Growth • ↓28% . 19 Attributable earnings of R1 597m (6.3%) Operational earnings (↑ 16.4%) . 14 ↑ 47% 10 14 ↓4% 15 18 16 ↑ 16% • 30 35 35 ↑ 22% Investment income contribution to earnings of 19% (FY07: 29%) Net inflow of non- money market mandates of R9,4bn (↑ 17%) Short term Insurance gross premium income (↑ 19%) 2007 2008 Investment Income Investments Fiduciary and other Insurance Life . Embedded value of new business at R331m (2007: R213m) (↑ 55%) 25

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