NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 22 22. SHAREHOLDER ANALYSIS                   Shareholder spread Number of shareholdings   %   Number of shares   %     1 – 1 000 shares 668   29.46   316 821   0.05     1 001 – 10 000 shares 1 010   44.55   3 971 872   0.59     10 001 – 100 000 shares 337   14.87   11 073 671   1.64     100 001 – 1 000 000 shares 167   7.37   54 991 560   8.15     1 000 001 shares and over 85   3.75   604 155 118   89.57     Totals 2 267   100.00   674 509 042   100.00     Distribution of shareholders                   Banks 35   1.54   77 493 541   11.47     Close corporations 24   1.06   512 298   0.08     Empowerment 1   0.04   6 863   0.00     Endowment funds 19   0.84   1 660 237   0.25     Individuals 1 688   74.47   172 572 464   25.58     Insurance companies 20   0.88   10 107 436   1.50     Investment companies 9   0.40   1 797 163   0.27     Medical schemes 3   0.13   544 341   0.08     Mutual funds 74   3.26   174 875 082   25.93     Other corporations 14   0.62   76 140   0.01     Private companies 57   2.51   118 089 500   17.51     Public companies 5   0.22   2 414 723   0.36     Retirement funds 111   4.90   67 233 193   9.97     Treasury stock 2   0.09   10 612 684   1.58     Trusts 205   9.04   36 513 377   5.41     Totals 2 267   100.00   674 509 042   100.00     Public/non-public shareholders                   Non-public shareholders 23   1.01   294 437 109   43.66     Directors and associates 20   0.88   183 824 425   27.25     Strategic holdings (more than 10%) 1   0.04   100 000 000   14.83     Treasury stock 2   0.09   10 612 684   1.58     Public shareholders 2 244   98.99   380 071 933   56.34     Totals 2 267   100.00   674 509 042   100.00       Number of shares   %     Beneficial shareholders holding 2% or more           Shotput Investments Proprietary Limited * 100 000 000   14.83     BM Levy 83 350 961   12.36     Allan Gray 78 314 007   11.61     MS Levy 75 943 552   11.26     Fidelity 40 608 416   6.02     36ONE Asset Management 17 287 051   2.56     Sanlam 13 916 369   2.06     Government Employees Pension Fund 13 488 848   2.00     Totals 422 909 204   62.70     Fund Managers 2% or more           Allan Gray’s clients 135 145 617   20.04     Fidelity Investments 42 727 216   6.33     RECM’s clients 25 271 246   3.75     36ONE Asset Management 20 243 140   3.00     Public Investment Corporation 14 426 870   2.14     Sanlam Investment Management 14 056 316   2.08     Totals 251 870 405   37.34     * A discretionary trust, of which Kevin Ellerine is one of a number of potential beneficiaries, holds an interest in Shotput Investments Proprietary Limited. The indirect beneficial shareholding of Kevin Ellerine as disclosed per the Directors’ Report refers to his effective shareholding in Lucystat Investments Proprietary Limited. NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 22