Investor Presentaiton

188.00 178.00 168.00 158.00 148.00 138.00 128.00 118.00 108.00 Graph 1124) THE PRODUCER PRICE INDEX (PPI) OF UNPROCESSED MILK, FROM JANUARY 2015 TO JANUARY 2022 AND THE RETAIL PRICE INDICES (RPI) OF FRESH MILK AND UHT MILK, FROM JANUARY 2015 TO DECEMBER 2021 Jan 2015 Mar 2015 Mei 2015 Jul. 2015 Sep. 2015 Nov. 2015 Jan 2016 Mar 2016 Mei 2016 Jul. 2016 Sep. 2016 Nov. 2016 Jan 2017 January 2012 = 100 Mar 2017 Mei 2017 Jul. 2017 Sep. 2017 Nov. 2017 Jan 2018 Mar 2018 Mei 2018 Jul. 2018 Sep. 2018 Nov. 2018 Jan 2019 Mar 2019 Mei 2019 Jul. 2019 Sep. 2019 Nov. 2019 UHT MILK (RPI) FRESH MILK (RPI) Unprocessed Milk (PPI) Jan 2020 Mar 2020 Mei 2020 Jul. 2020 Sep. 2020 2015 6.32 INCREASE IN UNPROCESSED MILK PURCHASES RELATIVE TO PREVIOUS YEAR (PERCENT)25) 2016 -0.45 2017 3.02 2018 4.82 2019 0.65 24) Graph prepared by the Office of SAMPRO based on information obtained from NielsenIQ and Statistics South Africa. 25) Table prepared by the Office of SAMPRO based on information obtained from Milk SA and the figure in respect of 2021, is an estimated figure 2020 -0.16 Nov. 2020 Jan 2021 Mar 2021 Mei 2021 2021 -0.92 26 Jul. 2021 Sep. 2021 Nov. 2021 Jan 2022

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