Annexure B
PRINCIPAL INVESTMENTS AT 31 MARCH 2008
| NAME OF COMPANY | LISTED | UNLISTED | |||||||
| 2008 | 2007 | 2008 | 2007 | ||||||
| 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 | 19 281 686 | 100 | |||||
| – participating securities (2006) | 1 | 33.3 | 1 | 33.3 | |||||
| – held by R&R Holdings SA: | |||||||||
| – BAT Plc – UK (30%) | (1) | 10.6 | 10.4 | ||||||
| Financial services | |||||||||
| RMB Holdings Limited | (2) | 302 279 403 | 25 | 280 946 517 | 23.7 | ||||
| – held by RMB | |||||||||
| Holdings Limited: | |||||||||
| – FirstRand Limited (33%) | 8.2 | 7.8 | |||||||
| FirstRand Limited | (2) | 481 142 375 | 9.3 | 481 142 375 | 9.3 | ||||
| Industrial interests | |||||||||
| Air Products South Africa | |||||||||
| (Pty) Limited | (1) | 4 500 000 | 50 | 4 500 000 | 50 | ||||
| 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) | 257 346 286 | 45.9 | 171 128 418 | 47.6 | ||||
| Nampak Limited | (1) | 78 096 694 | 13.3 | 78 096 694 | 13.4 | ||||
| PGSI Limited – BVI | #*(3) | 11 153 362 | 28.5 | – | – | ||||
| Unilever Bestfoods | |||||||||
| Robertsons (Holdings) | |||||||||
| Limited L.L.C. – USA | (4) | – | – | 8 200 | 41 | ||||
| Unilever South Africa | |||||||||
| Holdings (Pty) Limited | (5) | 5 348 135 | 25.8 | – | – | ||||
| Total South Africa | |||||||||
| (Pty) Limited | *(2) | 12 872 450 | 33.2 | 12 872 450 | 33.2 | ||||
| Remgro-KWV Beleggings | |||||||||
| Limited | (2) | 50 | 50 | 50 | 50 | ||||
| – held by Remgro-KWV | |||||||||
| Beleggings Limited: | |||||||||
| – Distell Group | |||||||||
| Limited (59%) | 29.4 | 29.4 | |||||||
| Mining interests | |||||||||
| Impala Platinum | |||||||||
| Holdings Limited | ** | 26 687 288 | 4.4 | 26 687 288 | 4.2 | ||||
| Trans Hex Group Limited | Δ (1) | 30 215 000 | 28.5 | 30 215 000 | 33.6 | ||||
| Other interests | |||||||||
| Business Partners Limited | (1) | 36 204 249 | 21.1 | 35 766 919 | 21.3 | ||||
| Xiocom Wireless, Inc. – USA | (6) | 11 250 000 | 44.4 | – | – | ||||
| Financial period accounted for: (1) Twelve months to 31 March 2008 (2) Twelve months to 31 December 2007 (3) For five months from date of purchase to 31 December 2007 (4) For six months from 1 April 2007 to date of restructuring of interest in Unilever (5) For six months from restructuring of interest in Unilever to 31 March 2008 (6) For eight months from date of purchase to 31 March 2008 * Effective interest, on a fully diluted basis: – Total South Africa (Pty) Limited 24.9% – Kagiso Trust Investments (Pty) Limited 37.1% – Business Partners Limited 20.2% (2007: 20.0%) – PGSI Limited 24.5% ** Not an associated company # Interest acquired on 31 July 2007 Δ During March 2008 Trans Hex converted 16 000 000 compulsorily convertible debentures, issued during 2002, into ordinary shares in the ratio of 1:1. Remgro’s share therefore diluted to 28.5%. BVI – British Virgin Islands 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. |