Dealing in securities

The Group observers a closed period from the end of the relevant accounting period to the announcement of the interim or year-end results, during which neither directors nor employees may deal, either directly or indirectly, in the shares of the Company or its listedsubsidiaries.  Certain employees, by virtue of the positions or access to information, are also prohibited from trading during certain periods.  The Morokotso Trust (ESOP) is allowed to trade during a closed period as no measure of discretion is applied during the routine trading of shares to good leavers.  All directors’ dealings require the prior approval of the chairman and the Group secretary retains a record of all such share dealings and approvals.