DRIVING CHANGE FOR AN INCLUSIVE, SUSTAINABLE FUTURE

Royal Bafokeng Holdings (RBH) is a 100% Blackowned investment company with the unique responsibility of protecting and growing the financial capital of the Royal Bafokeng Nation (RBN).

Through prudent management of an investment portfolio, RBH applies an inter-generational outlook to provide dividend income and portfolio capital appreciation to our sole shareholder, the Royal Bafokeng Nation Development Trust (RBNDT). Since inception, RBH has invested R7 billion towards the socioeconomic benefit of the RBN.

As a long-term investor with a legacy of acquiring significant stakes in high growth, defensive sectors and highquality companies with established track-records, RBH actively manages a diverse portfolio with a net asset value of approximately R46 billion consisting of listed and unlisted assets. Diversification of our portfolio over the past few years, and going forward, is critical to our sustainability and achieving our mandate.

“Driving growth in our asset value remains a key objective, but given the

uncertainty in our operating environment, we are taking a very measured approach to ensure our sustainability in

the long term.”

Albertinah Kekana,

RBH Chief Executive Officer

RBH’S primary responsibility in terms of sustainable development is to act as a responsible investor and in accordance with our Sustainability Strategy, we are committed to the following sustainable investment objectives:

To protect and enhance the wealth (asset base) of the

RBN and provide sufficient cash (yield) to deliver on the budgeted service delivery projects of the RBN by generating positive real returns at moderate levels of risk, whilst complying with sound corporate governance principles.

To ensure that due consideration is given to the environmental and social consequences resulting from the business operations of current and target investee companies.