Shareholders' analysis summary

at 28 June 2020

Shareholder spread

Pursuant to the Listings Requirements of the JSE and to the best knowledge of the directors, after reasonable enquiry, the spread of shareholders at the end of the reporting period was as follows:

	Number of shares	% of issued share capital
Non-public shareholders
Treasury shares (repurchased shares and 2012 share plan shares)	28 536 953	6.4
Shares held in terms of the 1998 share scheme by directors and other participants	1 771 257	0.4
Shares held directly by directors and associates	303 308	0.1
Total non-public shareholders	30 611 518	6.9
Public shareholders	412 352 475	93.1
Total shareholders	442 963 993	100.0

Major fund managers

According to the disclosures made by nominee and asset management companies in terms of section 56 of the Companies Act (71 of 2008, as amended), the following fund managers administered portfolios in excess of 3% of the company’s shares at the end of the reporting period:

	Country	2020 % of issued share capital	2019 % of issued share capital
Public Investment Corporation	South Africa	13.3	11.9
Westwood Global Investment LLC	United States of America	9.2	8.6
Ninety One^	United States of America	8.9	3.8
Fairtree Capital and Asset Management	South Africa	7.8	*
Prudential Investment Managers	South Africa	4.6	*
The Vanguard Group Inc.	United States of America	3.4	3.8
Old Mutual Investments	South Africa	3.2	3.8
Fund managers no longer managing 3% or more
BlackRock Inc.	United States of America	*	5.2
Abax	South Africa	*	4.1
AQR Capital Management LLC	United States of America	*	3.9
State Street Global Advisors	United States of America	*	3.7
Standard Life Aberdeen	United Kingdom	*	3.7

^Formerly Investec Asset Management.

*Less than 3% holding.

Shareholder information

Shareholder spread

Major fund managers