Statement of Group Chief Executive and Group Chief Financial Officer

In terms of paragraph 3.84(k) of the Johannesburg Stock Exchange (JSE) Listings Requirements, the executive directors, whose names are stated below, hereby confirm that:

• the consolidated and Company financial statements, fairly present in all material respects the financial position, financial performance and the cash flows in terms of IFRS.
• no facts have been omitted or untrue statements made that would make the consolidated and Company financial statements false or misleading;
• internal financial controls have been put in place to ensure that material information relating to the Company and its consolidated subsidiaries have been provided to effectively prepare the consolidated and Company financial statements; and
• the internal financial controls are adequate and effective and can be relied upon in compiling the consolidated and Company financial statements, having fulfilled our role and function within the combined assurance model pursuant to principle 15 of the King Code. Where we are not satisfied, we have disclosed to the audit committee and the auditors the deficiencies in design and operational effectiveness of the internal financial controls and any fraud that involves directors, and have taken the necessary remedial action.