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Investor Presentaiton

Group consolidated results overview OHL Group normalised earnings (R' million) OHL Normalised ROE (%) 1 329 1 169 1 437 1 102 1 502 86 157 38.3% 36.6% 66 343 64 578 32.9% 33.4% 289 31.4% 210 98 29.7% 1008 883 893 940 924 27.0% 27.9% 29.1% 25.5% 25.6% 22.9% 23.6% 22.0% Dec 18 Dec 19 Dec 20 Dec 21 Dec 22 Jun 18 Jun 19 ■OUTsurance South Africa Youi (net of minorities) Hastings Jun 20 Operational ROE Jun 21 Dec 21 Jun 22 Dec 22 -O-Group normalised ROE Youi's earnings is a more volatile component of the OHL Group's earnings contribution due to the higher frequency of natural events and proportionately higher event retention. . • The Operational ROE benefitted from the significant increase in normalised earnings. The differential between the Operational ROE and the Group Normalised ROE is explained by the surplus capital held at the OHL Group level. This capital will be deployed towards the planned acquisition of the further 5.3% interest in the Youi Group and the partial funding of the Republic of Ireland Expansion. OUTsurance Group Limited OUT 16
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