ANNEXURE B

PRINCIPAL INVESTMENTS AT 31 MARCH 2007

                   
NAME OF COMPANY   LISTED UNLISTED
    2007  2006  2007  2006 
   
Effective
Effective
Effective
Effective
Incorporated in South Africa   Shares  Interest  Shares  Interest  Shares  Interest  Shares  Interest 
unless otherwise stated   held  %  held  %  held  %  held  % 
                   
Tobacco interests                  
R&R Holdings SA – Luxembourg (1)                 
– ordinary shares           316 000  33.3  316 000  33.3 
– debentures           682 291  38.7  682 291  38.7 
– participating securities (2005)           19 281 686  100.0  19 281 686  100.0 
– participating securities (2006)           1  33.3  1  33.3 
– held by R&R Holdings SA:                  
   – BAT Plc – UK (29%) (1)    10.4    10.2         
                   
                   
Financial services                  
RMB Holdings Limited (2)  280 946 517  23.7  274 109 670  23.1         
– held by RMB Holdings Limited:                  
   – FirstRand Limited (33%)     7.8    7.6         
FirstRand Limited (2)  481 142 375  9.3  481 142 375  9.4         
                   
Industrial interests                  
Air Products South Africa (Pty) Limited (1)          4 500 000  50.0  4 500 000  50.0 
Dorbyl Limited (1)  14 058 346  41.4  14 058 346  41.4         
Kagiso Trust Investments (Pty) Limited *(2)          10 344  41.8  10 344  41.8 
Medi-Clinic Corporation Limited (1)  171 128 418  47.6  170 988 418  48.0         
Nampak Limited (1)  78 096 694  13.4  78 096 694  13.5         
Unilever Bestfoods Robertsons                  
   (Holdings) Limited L.L.C. – USA (1)          8 200  41.0  8 200  41.0 
Total South Africa (Pty) Limited *(2)          12 872 450  33.2  12 872 450  33.2 
Remgro-KWV Beleggings Limited (2)          50  50.0  50  50.0 
– held by Remgro-KWV                  
   Beleggings Limited:                  
   – Distell Group Limited (59%)     29.4    29.7         
                   
Mining interests                  
Impala Platinum Holdings Limited **  26 687 288  4.2  3 335 911  5.0         
Trans Hex Group Limited (1)  30 215 000  33.6  30 215 000  33.6         
                   
Other interests                  
Business Partners Limited *(3)          35 766 919  21.3  28 696 220  17.8 
                   
                   
Financial period accounted for:                  
(1)  Twelve months to 31 March 2007
(2)  Twelve months to 31 December 2006
(3)  Accounted for as an associated company from 31 March 2007
*  Effective interest, on a fully diluted basis:
  – Total South Africa (Pty) Limited 24.9%
  – Kagiso Trust Investments (Pty) Limited 37.1%
  – Business Partners Limited 20.0% (2006: 16.0%)
**  Not an associated company – the increase in shareholding is a result of the subdivision of shares in the ratio of 8:1
     

UK – United Kingdom
USA – United States of America

Details of investments which are not material to the evaluation of the business of the Group, are not shown.