NOTES TO THE ANNUAL FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2007

       
« Note 11 Note 13 »
       
12.  SHARE CAPITAL     
    2007  2006 
    R million  R million 
  Authorised     
512 493 650 ordinary shares of 1 cent each  5.1  5.1 
40 506 352 B ordinary shares of 10 cents each  4.1  4.1 
  9.2  9.2 
     
Issued     
448 802 207 (2006: 448 802 207) ordinary shares of 1 cent each  4.5  4.5 
35 506 352 (2006: 35 506 352) B ordinary shares of 10 cents each  3.5  3.5 
  8.0  8.0 
     
  Number of  Number of 
  shares  shares 
Movement of the ordinary shares of 1 cent each for the year:     
Total number of shares issued at1 April  448 802 207  486 493 650 
Shares cancelled  –  (37 691 443)
Total number of shares issued at 31 March*  448 802 207  802 207 
     
* Treasury shares held by wholly owned subsidiary companies included.

Each ordinary share has one vote. Each B ordinary share has ten votes.

Number of shares held in treasury by a wholly owned subsidiary and shares held by The Remgro Share Trust (ordinary shares of
1 cent each): 11 948 372 (2006: 4 473 004 ).

At a general meeting held on 23 August 2006, the unissued shares comprising 63 691 443 ordinary shares of 1 cent each and 5 000 000 B ordinary shares of 10 cents each were placed under the control of the Board of Directors as a general authority in terms of section 221(2) of the Companies Act, 1973 (Act 61 of 1973), as amended (the Act), subject to the provisions of the Act and the Rules and Requirements of the JSE until the next annual general meeting of the Company, for allotment and issue to such persons as they deemed fit, provided that 26 000 000 ordinary shares and 5 000 000 B ordinary shares in the authorised share capital of the Company are reserved for the purposes of the Remgro Share Scheme in terms of an ordinary resolution passed by the shareholders on 21 September 2000.

Details in respect of the share scheme and the current year’s offers are disclosed in note 26 and the Report of the Board of Directors.