Convertible bond

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Salient Terms

Conversion Price Adjustment

Capitalised terms not otherwise defined below shall have the meaning given to them in the terms and conditions of the Convertible Bonds (the “Conditions”).

The Issuer has notified Shareholders and Bondholders that, as a result of the bonus share issue with cash dividend alternative to Shareholders on Record Date on 12 August 2016 (as announced on 14 June 2016), the Convertible Bond Conversion Price has been adjusted from GBP7.9214 to GBP7.8400 in accordance with the Conditions (including, but not limited to, the definition of “Dividend”, and Conditions 6(b)(ii), 6(b)(iii) and 6(f)), effective 10 August 2016.

In accordance with Condition 11(xii), the Conversion Price is determined using the following aggregate amounts;

Cash dividends paid ZAR 648,347,074

Bonus shares issued 387,339