SHAREHOLDERS' INFORMATION AND ADMINISTRATION

Annexure A: Shareholder analysis

SHAREHOLDER SPREAD   Number   %   Shares   %  
1 – 10 00 shares   3 179   52.65   816 902   0.09  
1 001 – 10 000 shares   1 815   30.06   7 205 212   0.79  
10 001 – 100 000 shares   748   12.39   25 222 076   2.76  
100 001 – 1 000 000 shares   211   3.49   65 651 974   7.18  
1 000 001 shares and over   85   1.41   814 759 710   89.18  
Totals   6 038   100   913 655 874   100  
DISTRIBUTION OF SHAREHOLDERS   Number   %   Shares   %  
Private investor   247   4.09   286 143 259   31.32  
Unit trusts   67   1.11   141 523 122   15.49  
Corporate holding   3   0.05   124 826 978   13.66  
Unclassified   22   0.36   113 097 733   12.38  
Hedge fund   6   0.10   56 043 988   6.13  
Mutual fund   20   0.33   26 077 778   2.85  
Trading position   12   0.20   19 834 774   2.17  
Insurance companies   14   0.23   11 944 827   1.31  
Other managed funds   8   0.13   6 312 520   0.69  
Custodians   7   0.12   2 514 903   0.28  
University   5   0.08   1 737 576   0.19  
Exchange traded fund   1   0.02   1 101 182   0.12  
Medical aid scheme   4   0.07   1 098 431   0.12  
Venture capital   2   0.03   1 035 027   0.11  
Local authority   1   0.02   644 153   0.07  
Investment trust   2   0.03   238 996   0.03  
Charity   1   0.02   87 420   0.01  
Remainder   5 616   93.01   119 393 207   13.07  
Totals   6 038   100   913 655 874   100  
PUBLIC/NON-PUBLIC SHAREHOLDERS   Number   %   Shares   %  
Non-public shareholders   12   0.20   324 376 285   35.50  
Directors and associates   10   0.16   198 665 237   21.74  
Strategic holdings (more than 10%)   1   0.02   100 000 000   10.95  
Treasury stock   1   0.02   25 711 048   2.81  
Public shareholders   6 026   99.80   589 279 589   64.50  
Totals   6 038   100   913 655 874   100  
BENEFICIAL SHAREHOLDERS HOLDING 2% OR MORE   Shares   %  
Shotput Investments Proprietary Limited   100 000 000   10.95  
BM Levy   77 674 947   8.50  
MS Levy   70 267 539   7.69  
Allan Gray Balanced Fund   42 917 296   4.70  
Engineering Industries Pension Fund   34 481 076   3.77  
Acanthin   31 809 258   3.48  
ERZ Telecoms CC   26 943 509   2.95  
Blue Label Telecoms Limited   25 711 048   2.81  
MIBFA MIPF   23 883 963   2.61  
Government Employees Pension Fund (PIC)   21 976 210   2.41  
Totals   455 664 846   49.87  
           
SHAREHOLDERS HOLDING 2% OR MORE   Shares   %  
Shotput Investments Proprietary Limited*   100 000 000   10.95  
Allan Gray Proprietary Limited   93 973 218   10.29  
BM Levy   84 993 442   9.30  
MS Levy   77 586 033   8.49  
MIBFA   56 706 518   6.21  
ERZ Telecoms CC   26 943 509   2.95  
Blue Label Telecoms Limited   25 711 048   2.81  
Equinox Partners LP   23 853 164   2.61  
The Vanguard Group Inc.   20 940 350   2.29  
Totals   510 707 282   55.90  
* 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 Ellerine Group Proprietary Limited.