IBL Financial Overview

Asset quality metrics Provision build due to COVID-19 under IFRS 9 Gross core loans by Stage R'mn 4,000 4.0% 5.3% 5.2% | 3,500 R'mn as % of gross core loans 1.3% 1.5% i 2.5% i 3,000 20,000 2,500 1,880 ■Stage 3 18,000 2,000 1,328 16,000 15,111 14,969 1,691 ■Stage 2 14,000 1,500 423 416 ■Stage 1 12,000 10,768 1,000 10,000 441 500 1,056 984 8,000 538 0 6,000 7,183 4,353 3,585 FY 2019 FY 2020 FY 2021 4,000 2,000 ECL coverage ratio FY 2019 FY 2020 FY 2021 Stage 2 Stage 3 Stage 1 0.20% 0.40% 0.38% Stage 2 Stage 3 4.10% 47.20% 2.80% 2.80% ■2019 2020 2021 43.20% 18.50% Additional provisions taken due to COVID-19 under IFRS 9 due to a deterioration of the macroeconomic scenarios applied Stage 1 provisions decreased 6.8% from R1 056mn at 31 March 2020 to R984mn at 31 March 2021. As a result, Stage 1 ECL coverage ratio decreased from 0.40% to 0.38% Stage 2 provisions decreased 1.7% from R423mn at 31 March 2020 to R416mn at 31 March 2021. Stage 2 ECL coverage ratio remained flat at 2.80%. Stage 3 provisions decreased 29.4% from R1 880mn at 31 March 2020 to R1 328mn at 31 March 2021. Stage 3 ECL coverage ratio decreased from 43.20% to 18.50% In line with regulatory and accounting bodies guidance, exposures that have been granted COVID-19 relief measures such as payment holidays are not automatically considered to have been subject to a significant increase in credit risk and therefore do not alone result in a transfer across stages Stage 2 exposures decreased from 5.3% at 31 March 2020 to 5.2% at 31 March 2021, reflecting improvement in the economic scenarios. Stage 3 totalled R7 183mn or 2.5% of gross core loans subject to ECL at 31 March 2021 (31 March 2020: 1.5%). Page 29

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