circular to ordinary shareholders

Amount NumberBEE partner Agreement payable (1) of shares Cash(R)(R)The ALMI acquisitionAkani Msunduzi Management Agreement 4 – Sale of shares 7 404 794 389 726 –(Proprietary) Limitedin ALMIBlack Management Forum Agreement 11 – Black 8 462 619 445 401 –Investment Company Limited Management Forum InvestmentCompany LimitedEglin Investments No. 30 Agreement 9 – Eglin Investments 8 441 466 – 8 441 466(Proprietary) LimitedNo 30 (Proprietary) Limited andNewshelf 698 (Proprietary) LimitedFirm Edge Investments Agreement 4 – Sale of shares 5 289 144 278 376 –(Proprietary) Limitedin ALMIGrey Jade trade and invest 77 Agreement 4 – Sale of shares 2 115 650 111 350 –(Proprietary) Limitedin ALMIGrey Jade trade and invest 86 Agreement 4 – Sale of shares 1 057 825 55 675 –(Proprietary) Limitedin ALMIIsimfonyo Investments Agreement 4 – Sale of shares 5 289 144 278 376 –(Proprietary) Limitedin ALMILoophole Trading and Agreement 4 – Sale of shares 9 520 444 501 076 –Investment 38 (Proprietary)in ALMILimitedPedestal Investments Agreement 4 – Sale of shares 5 289 144 278 376 –(Proprietary) Limitedin ALMIPhilisizwe Investments Agreement 4 – Sale of shares 9 520 444 501 076 –(Proprietary) Limitedin ALMIPhinda Investments Agreement 4 – Sale of shares 8 462 619 445 401 –(Proprietary) Limitedin ALMIRock Investments (Proprietary) Agreement 4 – Sale of shares 2 115 650 111 350 –Limitedin ALMISiyanda Co-Operative Limited Agreement 4 – Sale of shares 6 346 969 334 051 –in ALMISiyangena Investments (Pty)Ltd Agreement 4 – Sale of shares 6 346 969 334 051 –in ALMISiyimbumba Investment Agreement 4 – Sale of shares 2 115 650 111 350 –(Proprietary) Limitedin ALMIUmnotho Wamangwane Agreement 4 – Sale of shares 8 462 619 445 401 –(Proprietary) Limitedin ALMIY Investments Limited Agreement 12 – Y Investments 9 520 444 501 076 –Limited105 761 594 5 122 112 8 441 466116