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Foord Compass Ltd Listed JSE No response Declined Additional Trustco Group Holdings Ltd Listed BOAF No response No response Africa Board 1Time Holdings Ltd Listed JSE No response No response Alternative Exchange a.b.e. Construction Chemicals Ltd Listed Alt-X No response No response Alternative Exchange Acc-Ross Holdings Ltd Listed JSE No response No response Alternative Exchange Africa Cellular Towers Ltd Listed Alt-X No response No response Alternative Exchange African Brick Centre Ltd Listed Alt-X No response No response Alternative Exchange African Dawn Capital Ltd Listed Alt-X No response No response Alternative Exchange African Eagle Resources plc Listed Alt-X No response No response Alternative Exchange Alert Steel Holdings Ltd Listed Alt-X No response No response Alternative Exchange All Joy Foods Ltd Listed Alt-X No response No response Alternative Exchange Allied Electronics Corporation Ltd Listed Alt-X 85 No response Alternative Exchange Ansys Ltd Listed Alt-X No response No response Alternative Exchange B&W Instrumentation and Electrical Ltd Listed Alt-X No response No response Alternative Exchange Beige Holdings Ltd Listed Alt-X No response No response Alternative Exchange Bioscience Brands Ltd Listed Alt-X No response No response Alternative Exchange Brikor Ltd Listed Alt-X No response No response Alternative Exchange BSI (SA) Ltd Listed Alt-X No response 70 Alternative Exchange Buildworks Group Ltd Listed JSE No response No response Alternative Exchange Calgro M3 Holdings Ltd Listed Alt-X No response No response Alternative Exchange Chemical Specialities Ltd Listed Alt-X No response No response Alternative Exchange Chrometco Ltd Listed Alt-X No response No response Alternative Exchange CIC Holdings Ltd Listed Alt-X No response No response Alternative Exchange Dynamic Visual Technologies Hdgs Ltd Listed Alt-X No response No response Alternative Exchange Ellies Holdings Ltd Listed Alt-X No response No response Alternative Exchange Erbacon Investment Holdings Ltd Listed Alt-X 70 No response Alternative Exchange Esorfranki Ltd Listed Alt-X No response No response Alternative Exchange Finbond Property Finance Ltd Listed Alt-X No response No response Alternative Exchange Gooderson Leisure Corp Ltd Listed Alt-X No response No response Alternative Exchange Hardware Warehouse Ltd Listed Alt-X No response No response Alternative Exchange Huge Group Ltd Listed Alt-X No response 85 Alternative Exchange Ideco Group Ltd Listed Alt-X No response No response Alternative Exchange IFCA Technologies Ltd Listed Alt-X No response No response Alternative Exchange Imuniti Holdings Ltd Listed Alt-X No response No response Alternative Exchange Infrasors Holdings Ltd Listed Alt-X No response No response Alternative Exchange Insimbi Refractory & Alloy Supplies Ltd Listed Alt-X No response No response Alternative Exchange Interwaste Holdings Ltd Listed Alt-X No response No response Alternative Exchange iquad Group Ltd Listed Alt-X No response Declined Alternative Exchange ISA Holdings Ltd Listed Alt-X No response No response Alternative Exchange Kimberley Consolidated Mining Ltd Listed Alt-X No response No response Alternative Exchange MAS plc Listed Alt-X No response No response Alternative Exchange Mazor Group Ltd Listed Alt-X No response No response Alternative Exchange Milkworx Ltd Listed Alt-X No response 70 Alternative Exchange Myriad Medical Holdings Ltd Listed Alt-X No response No response Alternative Exchange New Europe Property Investments plc Listed Alt-X No response No response Alternative Exchange Oasis Crescent Property Fund Listed Alt-X No response No response Alternative Exchange O-Line Holdings Ltd Listed Alt-X No response No response Alternative Exchange OneLogix Group Ltd Listed Alt-X No response No response Alternative Exchange Pan African Resources plc Listed Alt-X No response No response Alternative Exchange Pinnacle Group Ltd Listed Alt-X No response No response Alternative Exchange Poynting Holdings Ltd Listed Alt-X No response No response Alternative Exchange PSV Holdings Ltd Listed Alt-X No response No response Alternative Exchange RACEC Group Ltd Listed Alt-X 85 No response Alternative Exchange Rare Holdings Ltd Listed Alt-X 50 No response Alternative Exchange RBA Holdings Ltd Listed Alt-X 70 No response Alternative Exchange Rolfes Technology Holdings Ltd Listed Alt-X 50 No response Alternative Exchange SA French Ltd Listed Alt-X No response No response Alternative Exchange Santova Logistics Ltd Listed Alt-X No response No response Alternative Exchange Sanyati Holdings Ltd Listed Alt-X 70 50 Alternative Exchange Silverbridge Holdings Ltd Listed Alt-X No response No response Alternative Exchange Simeka Business Solutions Group Ltd Listed Alt-X No response No response Alternative Exchange Skinwell Holdings Ltd Listed Alt-X No response No response Alternative Exchange Stratcorp Ltd Listed Alt-X No response No response Alternative Exchange Taste Holdings Ltd Listed Alt-X No response No response Alternative Exchange TeleMasters Holdings Ltd Listed Alt-X No response No response Alternative Exchange Topfix Holdings Ltd Listed Alt-X No response No response Alternative Exchange Total Client Services Ltd Listed Alt-X No response No response Alternative Exchange Vox Telecom Ltd Listed Alt-X No response No response Alternative Exchange Vunani Ltd Listed Alt-X No response No response Alternative Exchange Wescoal Holdings Ltd Listed Alt-X No response No response Alternative Exchange WG Wearne Ltd Listed Alt-X No response No response Alternative Exchange William Tell Holdings Ltd Listed Alt-X No response No response Alternative Exchange Workforce Holdings Ltd Listed Alt-X No response No response Alternative Exchange Zaptronix Ltd Listed Alt-X No response No response Alternative Exchange AECI Ltd Listed JSE 70 No response Basic Materials African Oxygen Ltd Listed JSE 50 No response Basic Materials African Rainbow Minerals Ltd Listed JSE 70 No response Basic Materials Ratings Afrika Governance Survey 2009 - Page 1

Anglo American plc Listed JSE 50 70 Basic Materials Anglo Platinum Ltd Listed JSE 70 85 Basic Materials AngloGold Ashanti Ltd Listed JSE No response 70 Basic Materials Anooraq Resources Corporation Listed JSE No response No response Basic Materials Aquarius Platinum Ltd Listed JSE No response No response Basic Materials ArcelorMittal Ltd Listed JSE No response No response Basic Materials Assore Ltd Listed JSE No response No response Basic Materials BHP Billiton plc Listed JSE No response No response Basic Materials Braemore Resources plc Listed JSE No response No response Basic Materials BRC Diamondcore Ltd Listed JSE No response No response Basic Materials Central Rand Gold Ltd Listed JSE No response No response Basic Materials Coal of Africa Ltd Listed JSE No response No response Basic Materials DiamondCorp plc Listed JSE 70 No response Basic Materials DRDGold Ltd Listed JSE No response No response Basic Materials Eastern Platinum Ltd Listed JSE No response No response Basic Materials Exxaro Resources Ltd Listed JSE 70 No response Basic Materials Firestone Energy Ltd Listed JSE No response No response Basic Materials First Uranium Corporation Ltd Listed JSE No response No response Basic Materials Freeworld Coatings Ltd Listed JSE No response 70 Basic Materials Gold Fields Ltd Listed JSE No response No response Basic Materials Gold One International Ltd Listed JSE No response No response Basic Materials Goodhope Diamonds (Kimberley) Ltd Listed JSE No response No response Basic Materials Great Basin Gold Ltd Listed JSE No response No response Basic Materials Halogen Holdings Société Anonyme Listed JSE No response No response Basic Materials Harmony Gold Mining Company Ltd Listed JSE No response No response Basic Materials Highveld Steel and Vanadium Corp Ltd Listed JSE 95 No response Basic Materials Hulamin Ltd Listed JSE No response No response Basic Materials Hwange Colliery Company Ltd Listed JSE No response No response Basic Materials Impala Platinum Holdings Ltd Listed JSE 85 No response Basic Materials JCI Ltd Listed JSE No response No response Basic Materials Jubilee Platinum plc Listed JSE No response No response Basic Materials Keaton Energy Holdings Ltd Listed JSE No response No response Basic Materials Kiwara plc Listed JSE No response No response Basic Materials Kumba Iron Ore Ltd Listed JSE No response No response Basic Materials Lonmin plc Listed JSE No response No response Basic Materials Matodzi Resources Ltd Listed JSE No response No response Basic Materials Merafe Resources Ltd Listed JSE No response No response Basic Materials Metmar Ltd Listed JSE No response 85 Basic Materials Metorex Ltd Listed JSE No response No response Basic Materials Miranda Mineral Holdings Ltd Listed JSE No response No response Basic Materials Mondi Ltd Listed JSE 85 No response Basic Materials Mondi plc Listed JSE No response No response Basic Materials Mvelaphanda Resources Ltd Listed JSE No response No response Basic Materials Northam Platinum Ltd Listed JSE No response No response Basic Materials Omnia Holdings Ltd Listed JSE No response 70 Basic Materials Palabora Mining Company Ltd Listed JSE No response No response Basic Materials Pamodzi Gold Ltd Listed JSE No response No response Basic Materials Petmin Ltd Listed JSE No response No response Basic Materials Platmin Ltd Listed JSE N/A No response Basic Materials Randgold & Exploration Company Ltd Listed JSE No response No response Basic Materials Rockwell Diamonds Incorporated Listed JSE No response No response Basic Materials Sallies Ltd Listed JSE No response No response Basic Materials Sappi Ltd Listed JSE No response Declined Basic Materials Sentula Mining Ltd Listed JSE No response No response Basic Materials Sephaku Holdings Ltd Listed JSE N/A No response Basic Materials Simmer and Jack Mines Ltd Listed JSE No response No response Basic Materials n Coal Mining Holdings Ltd Listed JSE No response No response Basic Materials Spanjaard Ltd Listed JSE No response No response Basic Materials Tawana Resources NL Listed JSE No response No response Basic Materials Thabex Exploration Ltd Listed JSE 50 No response Basic Materials Trans Hex Group Ltd Listed JSE No response No response Basic Materials Uranium One Inc Listed JSE No response No response Basic Materials Village Main Reef Gold Mining Company (1934) Ltd Listed JSE No response No response Basic Materials Wesizwe Platinum Ltd Listed JSE No response 50 Basic Materials Witwatersrand Cons Gold Resources Ltd Listed JSE No response 70 Basic Materials York Timber Organisation Ltd Listed JSE No response No response Basic Materials Zambia Copper Investments Ltd Listed JSE No response No response Basic Materials Afgri Ltd Listed JSE No response No response Consumer Goods AfroCentric Investment Corporation Ltd Listed JSE No response No response Consumer Goods Amalgamated Appliance Holdings Ltd Listed JSE No response No response Consumer Goods Astral Foods Ltd Listed JSE No response No response Consumer Goods AVI Ltd Listed JSE No response No response Consumer Goods Awethu Breweries Ltd Listed JSE No response 50 Consumer Goods British American Tobacco plc Listed JSE No response No response Consumer Goods Capevin Investments Ltd Listed JSE No response No response Consumer Goods Compagnie Financière Richemont Société Anonyme Listed JSE Declined No response Consumer Goods Country Bird Holdings Ltd Listed JSE No response 70 Consumer Goods Ratings Afrika Governance Survey 2009 - Page 2

Crookes Brothers Ltd Listed JSE 85 No response Consumer Goods Distell Group Ltd Listed JSE 85 No response Consumer Goods Emergent Properties Ltd Listed JSE No response No response Consumer Goods Illovo Sugar Ltd Listed JSE No response No response Consumer Goods Intertrading Ltd Listed JSE No response No response Consumer Goods Metair Investments Ltd Listed JSE 85 Declined Consumer Goods Nu-World Holdings Ltd Listed JSE No response No response Consumer Goods Oceana Group Ltd Listed JSE No response No response Consumer Goods Pioneer Food Group Ltd Listed JSE No response No response Consumer Goods Rainbow Chicken Ltd Listed JSE No response No response Consumer Goods SABMiller plc Listed JSE 95 Declined Consumer Goods Seardel Investment Corporation Ltd Listed JSE No response No response Consumer Goods Sovereign Food Investments Ltd Listed JSE No response No response Consumer Goods Steinhoff International Holdings Ltd Listed JSE 85 70 Consumer Goods Tiger Brands Ltd Listed JSE No response No response Consumer Goods Tongaat Hulett Ltd Listed JSE 95 No response Consumer Goods ADvTECH Ltd Listed JSE 85 85 Consumer Services African And Overseas Enterprises Ltd Listed JSE No response Declined Consumer Services African Media Entertainment Ltd Listed JSE No response No response Consumer Services Avusa Ltd Listed JSE No response No response Consumer Services Cashbuild Ltd Listed JSE No response No response Consumer Services Caxton CTP Publishers and Printers Ltd Listed JSE 70 No response Consumer Services City Lodge Hotels Ltd Listed JSE 85 85 Consumer Services Comair Ltd Listed JSE No response No response Consumer Services Combined Motor Holdings Ltd Listed JSE No response 70 Consumer Services Cullinan Holdings Ltd Listed JSE No response No response Consumer Services Don Group Ltd Listed JSE No response No response Consumer Services ElementOne Ltd Listed JSE No response No response Consumer Services Famous Brands Ltd Listed JSE No response No response Consumer Services Foschini Ltd Listed JSE 70 70 Consumer Services Gold Reef Casino Resorts Ltd Listed JSE No response No response Consumer Services IFA Hotels and Resorts Ltd Listed JSE No response No response Consumer Services Italtile Ltd Listed JSE No response No response Consumer Services JD Group Ltd Listed JSE 70 No response Consumer Services Kagiso Media Ltd Listed JSE No response No response Consumer Services King Consolidated Holdings Ltd Listed JSE No response No response Consumer Services Lewis Group Ltd Listed JSE No response No response Consumer Services Lonrho plc Listed JSE No response No response Consumer Services Massmart Holdings Ltd Listed JSE 85 85 Consumer Services MoneyWeb Holdings Ltd Listed JSE No response No response Consumer Services Mr Price Group Ltd Listed JSE No response No response Consumer Services Naspers Ltd Listed JSE No response No response Consumer Services New Clicks Holdings Ltd Listed JSE No response No response Consumer Services Nictus Beperk Listed JSE No response No response Consumer Services Phumelela Gaming and Leisure Ltd Listed JSE No response No response Consumer Services Pick n Pay Holdings Ltd Listed JSE No response No response Consumer Services Pick n Pay Stores Ltd Listed JSE 70 No response Consumer Services Rex Trueform Clothing Company Ltd Listed JSE No response Declined Consumer Services Shoprite Holdings Ltd Listed JSE No response 70 Consumer Services Spur Corporation Ltd Listed JSE 70 No response Consumer Services Sun International Ltd Listed JSE No response 85 Consumer Services The SPAR Group Ltd Listed JSE No response No response Consumer Services Tradehold Ltd Listed JSE No response No response Consumer Services Truworths International Ltd Listed JSE 70 Declined Consumer Services Verimark Holdings Ltd Listed JSE 50 No response Consumer Services Woolworths Holdings Ltd Listed JSE No response No response Consumer Services Best Cut Ltd Listed JSE No response No response Development Capital Cenmag Holdings Ltd Listed JSE No response No response Development Capital Dynamic Cables RSA Ltd Listed JSE No response No response Development Capital Indequity Group Ltd Listed JSE No response Declined Development Capital S&J Land Holdings Ltd Listed JSE No response No response Development Capital Stella Vista Technologies Ltd Listed JSE No response No response Development Capital Absa Group Ltd Listed JSE 85 No response Financials Acucap Properties Ltd Listed JSE 95 95 Financials African Bank Investments Ltd Listed JSE 85 No response Financials Ambit Properties Ltd Listed JSE No response No response Financials Andulela Investment Holdings Ltd Listed JSE No response No response Financials Barnard Jacobs Mellet Holdings Ltd Listed JSE No response No response Financials Blue Financial Services Ltd Listed Alt-X No response No response Financials Bonatla Property Holdings Ltd Listed JSE No response No response Financials Brait Société Anonyme Listed JSE No response No response Financials Brimstone Investment Corporation Ltd Listed JSE No response No response Financials Cadiz Holdings Ltd Listed JSE 85 No response Financials Cape Empowerment Trust Ltd Listed JSE No response No response Financials Capital Property Fund Ltd Listed JSE No response No response Financials Capitec Bank Holdings Ltd Listed JSE No response No response Financials Clientele Life Assurance Company Ltd Listed JSE No response No response Financials Ratings Afrika Governance Survey 2009 - Page 3

Conduit Capital Ltd Listed JSE 70 No response Financials Consol Ltd Listed JSE No response No response Financials Coronation Fund Managers Ltd Listed JSE No response No response Financials Decillion Ltd Listed JSE No response No response Financials Discovery Holdings Ltd Listed JSE No response No response Financials Efficient Financial Holdings Ltd Listed JSE No response No response Financials Emira Property Fund Listed JSE No response 70 Financials Enterprise Risk Management Ltd Listed JSE No response No response Financials Eureka Industrial Ltd Listed JSE No response No response Financials Fairvest Property Holdings Ltd Listed JSE No response No response Financials FirstRand Ltd Listed JSE No response No response Financials Fountainhead Property Trust Listed JSE No response No response Financials Glenrand M.I.B. Ltd Listed JSE No response Declined Financials Grand Parade Investments Ltd Listed JSE 50 No response Financials Growthpoint Properties Ltd Listed JSE No response 70 Financials Hosken Consolidated Investments Ltd Listed JSE No response No response Financials Hospitality Property Fund Ltd Listed JSE No response No response Financials Hyprop Investments Ltd Listed JSE No response No response Financials Ingenuity Property Investments Ltd Listed JSE No response No response Financials Investec Ltd Listed JSE 85 85 Financials Investec plc Listed JSE No response No response Financials JSE Limited Listed JSE 85 85 Financials Liberty Holdings Ltd Listed JSE No response No response Financials Liberty International plc Listed JSE 85 85 Financials London Finance And Investment Group plc Listed JSE No response No response Financials m Cubed Holdings Ltd Listed JSE No response No response Financials Madison Property Fund Managers Holdings Ltd Listed JSE No response No response Financials Makalani Holdings Ltd Listed JSE No response No response Financials Mercantile Bank Holdings Ltd Listed JSE No response No response Financials Merchant & Industrial Properties Ltd Listed JSE No response No response Financials Metropolitan Holdings Ltd Listed JSE No response No response Financials MICROmega Holdings Ltd Listed JSE No response No response Financials Mutual & Federal Insurance Company Ltd Listed JSE No response No response Financials Nedbank Group Ltd Listed JSE 85 No response Financials New Corpcapital Ltd Listed JSE No response No response Financials Octodec Investments Ltd Listed JSE No response No response Financials Old Mutual plc Listed JSE 95 70 Financials Orion Real Estate Ltd Listed JSE No response No response Financials Pallinghurst Resources Ltd Listed JSE No response No response Financials Pangbourne Properties Ltd Listed JSE No response No response Financials Peregrine Holdings Ltd Listed JSE No response Declined Financials Premium Properties Ltd Listed JSE No response No response Financials Primeserv Group Ltd Listed JSE No response No response Financials PSG Group Ltd Listed JSE No response No response Financials Purple Capital Ltd Listed JSE No response No response Financials Putprop Ltd Listed JSE No response Declined Financials Quantum Property Group Ltd Listed JSE 85 85 Financials Real Africa Holdings Ltd Listed JSE No response 85 Financials Redefine Income Fund Ltd Listed JSE No response No response Financials Reinet Investments Société Anonyme Listed JSE No response No response Financials Remgro Ltd Listed JSE No response No response Financials Resilient Property Income Fund Ltd Listed JSE No response No response Financials RMB Holdings Ltd Listed JSE No response No response Financials SA Corporate Real Estate Fund Listed JSE No response 50 Financials Sable Holdings Ltd Listed JSE No response No response Financials Sabvest Ltd Listed JSE No response No response Financials Sanlam Ltd Listed JSE 85 70 Financials Santam Ltd Listed JSE No response 70 Financials Sasfin Holdings Ltd Listed JSE 85 No response Financials Standard Bank Group Ltd Listed JSE No response 85 Financials Sycom Property Fund Listed JSE No response No response Financials Trematon Capital Investments Ltd Listed JSE No response No response Financials Vukile Property Fund Ltd Listed JSE No response No response Financials Wooltru Ltd Listed JSE No response No response Financials Zeder Investments Ltd Listed JSE No response No response Financials Zurich Insurance Company Ltd Listed JSE No response No response Financials Adcock Ingram Holdings Ltd Listed JSE No response No response Health Care Aspen Pharmacare Holdings Ltd Listed JSE No response No response Health Care Cipla Medpro Ltd Listed JSE No response No response Health Care Medi-Clinic Corporation Ltd Listed JSE 85 No response Health Care Netcare Ltd Listed JSE No response No response Health Care Absolute Holdings Ltd Listed JSE No response No response Industrials Accentuate Ltd Listed Alt-X No response No response Industrials Adcorp Holdings Ltd Listed JSE No response Declined Industrials Afrimat Ltd Listed JSE No response No response Industrials AG Industries Ltd Listed JSE No response No response Industrials Amalgamated Electronics Corp Ltd Listed JSE No response No response Industrials Ratings Afrika Governance Survey 2009 - Page 4

ARB Holdings Ltd Listed JSE 70 No response Industrials Argent Industrial Ltd Listed JSE No response No response Industrials Astrapak Ltd Listed JSE No response No response Industrials Austro Group Ltd Listed JSE No response No response Industrials Aveng Ltd Listed JSE No response No response Industrials Barloworld Ltd Listed JSE No response No response Industrials Basil Read Holdings Ltd Listed JSE No response No response Industrials Bell Equipment Ltd Listed JSE 85 No response Industrials BICC Cafca Ltd Listed JSE No response No response Industrials Bidvest Group Ltd Listed JSE No response No response Industrials Bowler Metcalf Ltd Listed JSE No response No response Industrials Buildmax Ltd Listed JSE No response No response Industrials Cargo Carriers Ltd Listed JSE No response No response Industrials Ceramic Industries Ltd Listed JSE 85 No response Industrials Colliers SA Holdings Ltd Listed JSE No response No response Industrials Command Holdings Ltd Listed JSE No response No response Industrials Control Instruments Group Ltd Listed JSE No response No response Industrials Delta Electrical Industries Ltd Listed JSE No response No response Industrials Dialogue Group Holdings Ltd Listed JSE No response No response Industrials Digicore Holdings Ltd Listed JSE No response No response Industrials Distribution and Warehousing Network Ltd Listed JSE No response No response Industrials Dorbyl Ltd Listed JSE No response No response Industrials ELB Group Ltd Listed JSE No response No response Industrials Eqstra Holdings Ltd Listed JSE 70 70 Industrials Excellerate Holdings Ltd Listed JSE No response No response Industrials Grindrod Ltd Listed JSE No response No response Industrials Group Five Ltd Listed JSE No response 85 Industrials Howden Africa Holdings Ltd Listed JSE No response No response Industrials Hudaco Industries Ltd Listed JSE No response No response Industrials Iliad Africa Ltd Listed JSE No response No response Industrials Imperial Holdings Ltd Listed JSE No response No response Industrials Invicta Holdings Ltd Listed JSE No response No response Industrials Ipsa Group plc Listed JSE No response No response Industrials Jasco Electronics Holdings Ltd Listed JSE No response No response Industrials Kairos Industrial Holdings Ltd Listed JSE No response No response Industrials KAP International Holdings Ltd Listed JSE No response No response Industrials KayDav Group Ltd Listed JSE No response No response Industrials Kelly Group Ltd Listed JSE 95 No response Industrials Labat Africa Ltd Listed JSE No response No response Industrials Marshall Monteagle Société Anonyme Listed JSE No response No response Industrials Masonite (Africa) Ltd Listed JSE No response No response Industrials Metrofile Holdings Ltd Listed JSE No response No response Industrials MiX Telematics Ltd Listed JSE No response Declined Industrials Mobile Industries Ltd Listed JSE No response No response Industrials Murray and Roberts Holdings Ltd Listed JSE No response No response Industrials Mvelaphanda Group Ltd Listed JSE No response No response Industrials Nampak Ltd Listed JSE No response No response Industrials Net 1 UEPS Technologies Inc Listed JSE No response No response Industrials Pretoria Portland Cement Company Ltd Listed JSE No response No response Industrials Protech Khuthele Holdings Ltd Listed JSE No response No response Industrials Raubex Group Ltd Listed JSE 85 No response Industrials Reunert Ltd Listed JSE No response No response Industrials Sea Kay Holdings Ltd Listed JSE Declined No response Industrials Sekunjalo Investments Ltd Listed JSE No response No response Industrials Setpoint Technology Holdings Ltd Listed JSE No response No response Industrials South Ocean Holdings Ltd Listed JSE No response No response Industrials Stefanutti & Bressan Holdings Ltd Listed JSE No response No response Industrials Super Group Ltd Listed JSE No response No response Industrials Transpaco Ltd Listed JSE No response No response Industrials Trencor Ltd Listed JSE No response No response Industrials TWP Holdings Ltd Listed JSE No response No response Industrials Universal Industries Corporation Ltd Listed JSE No response No response Industrials Value Group Ltd Listed JSE 85 No response Industrials Wilson Bayly Holmes-Ovcon Ltd Listed JSE No response 85 Industrials Winhold Ltd Listed JSE No response No response Industrials Oando plc Listed JSE No response No response Oil & Gas Sasol Ltd Listed JSE No response No response Oil & Gas AdaptIT Holdings Ltd Listed JSE No response No response Technology Alliance Mining Corporation Ltd Listed JSE No response No response Technology Allied Technologies Ltd Listed JSE No response No response Technology Blue Label Telecoms Ltd Listed JSE No response No response Technology Business Connexion Group Ltd Listed JSE No response No response Technology Compu Clearing Outsourcing Ltd Listed JSE No response No response Technology Convergenet Holdings Ltd Listed JSE 85 85 Technology Datacentrix Holdings Ltd Listed JSE 95 No response Technology Datatec Ltd Listed JSE No response No response Technology Dimension Data Holdings plc Listed JSE No response No response Technology Ratings Afrika Governance Survey 2009 - Page 5

EOH Holdings Ltd Listed JSE No response No response Technology Faritec Holdings Ltd Listed JSE No response No response Technology Foneworx Holdings Ltd Listed JSE No response No response Technology Gijima AST Group Ltd Listed JSE No response No response Technology Mustek Ltd Listed JSE No response No response Technology Paracon Holdings Ltd Listed JSE No response No response Technology Securedata Holdings Ltd Listed JSE No response No response Technology Spescom Ltd Listed JSE No response No response Technology Square One Solutions Group Ltd Listed JSE No response No response Technology UCS Group Ltd Listed JSE No response No response Technology MTN Group Ltd Listed JSE No response No response Telecommunications Telkom SA Ltd Listed JSE 85 50 Telecommunications Vodacom Group Ltd Listed JSE No response No response Telecommunications Beget Holdings Ltd Listed JSE No response No response Venture Capital Industrial Credit Company Africa Holdings Ltd Listed JSE No response No response Venture Capital John Daniel Holdings Ltd Listed JSE No response No response Venture Capital Queensgate Hotel & Leisure Ltd Listed JSE No response No response Venture Capital SacOil Holdings Ltd Listed JSE No response No response Venture Capital Southern Electricity Company Ltd Listed JSE No response No response Venture Capital Totals 59 2 341 40 14 350 At 0% 0 0 At 5% 0 0 At 20% 0 0 At 35% 0 0 At 50% 7 5 At 70% 17 18 At 85% 28 16 At 95% 7 1 Response rate total 14,6% 0,5% 84,8% 9,9% 3,5% 86,6% Ratings Afrika Governance Survey 2009 - Page 6