FTSE Russell Factsheet FTSE/JSE All Index Series Data as at: 31 August 2021 bmkTitle1 The FTSE/JSE All Africa Index Series is designed to represent the performance of the top African FEATURES companies listed on the exchanges of qualifying African countries. In order to maintain a diversified basket of , each country is capped at a maximum of 40% of the index. The Coverage series provides with two comprehensive, replicable and transparent indices that The FTSE/JSE All Africa Index series provide a gateway to wider investment opportunities across the African continent. comprises stocks from the following

qualifying African countries: The series includes: • Botswana • FTSE/JSE All Africa 40 Index: the top 40 largest eligible companies, by market capitalisation, • Egypt listed on the stock exchanges of qualifying African countries. A maximum of 10 stocks are permitted from and a maximum of 7 stocks per other qualifying country; • Ivory Coast • FTSE/JSE All Africa ex South Africa 30 Index: the top 30 largest eligible companies, by market • Kenya capitalisation, listed on the stock exchanges of qualifying African countries excluding South • Mauritius

Africa. A maximum of 7 stocks are permitted per country. • Morocco

• Nigeria 5-Year Performance - Total Return (USD)

(USD) • South Africa

160 • Tunisia 150 Objective 140 The indices are designed for the creation of 130 120 index tracking funds, derivatives and as a

110 performance benchmark. 100 Investability 90 Aug-2016 Aug-2017 Aug-2018 Aug-2019 Aug-2020 Aug-2021 Stocks are selected and weighted to ensure Data as at month end that the index is investable.

FTSE/JSE All Africa 40 FTSE/JSE All Africa ex South Africa 30 Liquidity Stocks are screened to ensure that the index

is tradable. 5-Year Performance - Total Return (ZAR)

(ZAR) Transparency

160 The indices use a transparent, rules-based 150 construction process. Index Rules are freely 140 130 available on the FTSE website. 120 Availability 110 100 The indices are calculated based on price 90 and total return methodologies, both real 80 time and end-of-day. Aug-2016 Aug-2017 Aug-2018 Aug-2019 Aug-2020 Aug-2021 Data as at month end Industry Classification Benchmark

FTSE/JSE All Africa 40 FTSE/JSE All Africa ex South Africa 30 Index constituents are categorized in accordance with the Industry Classification

Benchmark (ICB), the global standard for

industry sector analysis.

Source: FTSE Russell as at 31 August 2021. Past performance is no guarantee of future results. 1 of 4

Returns shown before the index launch date reflect hypothetical historical performance. Please see disclaimer for important legal information. FTSE/JSE All Africa Index Series Data as at: 31 August 2021

Performance and - Total Return (USD) INFORMATION

Index (USD) Return % Return pa %* Volatility %** Index Universe 3M 6M YTD 12M 3YR 5YR 3YR 5YR 1YR 3YR 5YR FTSE Frontiers base universe, plus stocks FTSE/JSE All Africa 40 -0.2 4.8 10.5 27.2 22.6 53.3 7.0 8.9 11.6 19.0 17.2 from the FTSE Global Equity Index Series FTSE/JSE All Africa ex South Africa 30 4.9 8.2 9.3 21.6 12.5 36.2 4.0 6.4 7.8 15.7 18.2

listed in Egypt, Morocco and South Africa * Compound annual returns measured over 3 and 5 years respectively ** Volatility – 1YR based on 12 months daily data. 3YR based on weekly data (Wednesday to Wednesday). 5YR based on monthly data Index Launch

6 October 2008 Performance and Volatility - Total Return (ZAR)

Index (ZAR) Return % Return pa %* Volatility %** Base Date

3M 6M YTD 12M 3YR 5YR 3YR 5YR 1YR 3YR 5YR 29 August 2008

FTSE/JSE All Africa 40 5.2 0.1 8.8 8.6 21.0 50.7 6.6 8.5 12.3 16.1 14.9 Base Value FTSE/JSE All Africa ex South Africa 30 10.6 3.3 7.6 3.8 11.1 33.9 3.6 6.0 15.2 18.3 17.9 100

* Compound annual returns measured over 3 and 5 years respectively Investability Screen ** Volatility – 1YR based on 12 months daily data. 3YR based on weekly data (Wednesday to Wednesday). 5YR based on monthly data

Actual free float applied and liquidity Top 10 Constituents - FTSE/JSE All Africa 40

screened Constituent Country ICB Sector Net MCap (USDm) Wgt % Index Calculation Commercial International Bank Egypt Banks 5,020 8.66

BHP Group Plc South Africa Industrial Metals and Mining 4,978 8.59 Real-time and end-of-day indices available

Compagnie Financiere AG South Africa Personal Goods 4,264 7.36 End-of-Day Distribution

Anglo American South Africa Industrial Metals and Mining 3,956 6.83 Via FTP and email Safaricom Ltd Kenya Telecommunications Service Providers 3,883 6.70 Currency Itissalat Al Maghrib Ste SA Morocco Telecommunications Service Providers 3,585 6.19 USD, GBP, EUR, JPY, ZAR Attijariwafa Bank Morocco Banks 3,004 5.18

Naspers South Africa Software and Computer Services 2,728 4.71 Review Dates MTN Nigeria Communications Nigeria Telecommunications Service Providers 2,039 3.52 Reviewed quarterly in March, June,

Guaranty Trust Holding Company Nigeria Banks 1,954 3.37 September and December

Totals 35,410 61.12

Top 10 Constituents - FTSE/JSE All Africa ex South Africa 30

Constituent Country ICB Sector Net MCap (USDm) Wgt %

Commercial International Bank Egypt Banks 5,020 13.41

Safaricom Ltd Kenya Telecommunications Service Providers 3,883 10.37

Itissalat Al Maghrib Ste SA Morocco Telecommunications Service Providers 3,585 9.57

Attijariwafa Bank Morocco Banks 3,004 8.02

MTN Nigeria Communications Nigeria Telecommunications Service Providers 2,039 5.44

Guaranty Trust Holding Company Nigeria Banks 1,954 5.22

Zenith Bank Plc Nigeria Banks 1,529 4.08

Banque Populaire Morocco Banks 1,512 4.04

MCB Group Ltd Mauritius Banks 1,368 3.65

LafargeHolcim Maroc SA Morocco Construction and Materials 1,339 3.58

Totals 25,233 67.38

Source: FTSE Russell as at 31 August 2021. Past performance is no guarantee of future results. 2 of 4 Returns shown before the index launch date reflect hypothetical historical performance. Please see disclaimer for important legal information. FTSE/JSE All Africa Index Series Data as at: 31 August 2021

ICB Industry Breakdown

FTSE/JSE All Africa 40 FTSE/JSE All Africa ex South Africa 30

ICB Code ICB Industry No. of Net MCap (USDm) Wgt % No. of Net MCap (USDm) Wgt % Cons Cons

10 Technology 1 2,728 4.71 - - -

15 Telecommunications 6 10,889 18.79 5 10,443 27.89

30 Financials 15 21,150 36.51 13 18,579 49.61

40 Consumer Discretionary 1 4,264 7.36 - - -

45 Consumer Staples 6 4,410 7.61 5 3,665 9.79

50 Industrials 5 4,136 7.14 5 4,136 11.05

55 Basic Materials 5 9,999 17.26 1 263 0.70

65 Utilities 1 361 0.62 1 361 0.96

Totals 40 57,936 100.00 30 37,448 100.00

Country Breakdown

FTSE/JSE All Africa 40 FTSE/JSE All Africa ex South Africa 30

Country No. of Cons Net MCap (USDm) Wgt % No. of Cons Net MCap (USDm) Wgt %

Egypt 7 8,258 14.25 7 8,258 22.05

Ivory Coast 1 616 1.06 1 616 1.65

Kenya 6 7,182 12.40 6 7,182 19.18

Mauritius 1 1,368 2.36 1 1,368 3.65

Morocco 7 11,696 20.19 7 11,696 31.23

Nigeria 7 8,230 14.21 7 8,230 21.98

South Africa 10 20,488 35.36 - - -

Tunisia 1 98 0.17 1 98 0.26

Totals 40 57,936 100.00 30 37,448 100.00

Index Characteristics

Attributes FTSE/JSE All Africa 40 FTSE/JSE All Africa ex South Africa 30

Number of constituents 40 30

Net MCap (USDm) 57,936 37,448

Dividend % 3.97 4.28

Constituent Sizes (Net MCap USDm)

Average 1,448 1,248

Largest 5,020 5,020

Smallest 98 98

Median 976 911

Weight of Largest Constituent (%) 8.66 13.41

Top 10 Holdings (% Index MCap) 61.12 67.38

31 August 2021

Source: FTSE Russell as at 31 August 2021. Past performance is no guarantee of future results. 3 of 4 Returns shown before the index launch date reflect hypothetical historical performance. Please see disclaimer for important legal information. FTSE/JSE All Africa Index Series Data as at: 31 August 2021

bmkImage2 bmkImage3

© 2020 Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) MTSNext Limited (“MTSNext”), (5) Mergent, Inc. (“Mergent”), (6) FTSE Fixed Income LLC (“FTSE FI”), (7) The Yield Book Inc (“YB”) and (8) Beyond Ratings S.A.S. (“BR”). All rights reserved.

FTSE Russell® is a trading name of FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB and BR. “FTSE®”, “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®”, “The Yield Book®”, “Beyond Ratings®” and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service marks owned or licensed by the applicable member of the LSE Group or their respective licensors and are owned, or used under licence, by FTSE, Russell, MTSNext, FTSE Canada, Mergent, FTSE FI, YB or BR. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator. JSE is a trade mark of JSE Limited (“Partner”). All rights in and to the FTSE/JSE All Africa Index Series (“Index”) vest in FTSE Russell® and/or its relevant Partner(s).

All information is provided for information purposes only. All information and data contained in this publication is obtained by the LSE Group, from sources Data definitions available from believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, however, such information and data is provided "as is" without warranty of any kind. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors [email protected] make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the accuracy, timeliness, completeness, merchantability of any information or of results to be obtained from the use of FTSE Russell products, including but not limited to indexes, data and To learn more, visit www.ftserussell.com; analytics, or the fitness or suitability of the FTSE Russell products for any particular purpose to which they might be put. Any representation of historical data accessible through FTSE Russell products is provided for information purposes only and is not a reliable indicator of future performance. email [email protected]; or call your regional Client Services Team office: No responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole or in part caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance involved in EMEA procuring, collecting, compiling, interpreting, analysing, editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special, consequential or incidental damages whatsoever, even if any member of +44 (0) 20 7866 1810 the LSE Group is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, such information.

No member of the LSE Group nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing contained North America herein or accessible through FTSE Russell products, including statistical data and industry reports, should be taken as constituting financial or investment advice or a financial promotion. +1 877 503 6437

Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index returns shown may not represent Asia-Pacific the results of the actual trading of investable assets. Certain returns shown may reflect back-tested performance. All performance presented prior to the index inception date is back-tested performance. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are Hong Kong +852 2164 3333 based on the same methodology that was in effect when the index was officially launched. However, back-tested data may reflect the application of the Tokyo +81 3 4563 6346 index methodology with the benefit of hindsight, and the historic calculations of an index may change from month to month based on revisions to the underlying economic data used in the calculation of the index. Sydney +61 (0) 2 8823 3521

No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the applicable member of the LSE Group. Use and distribution of the LSE Group data requires a licence from FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB, BR and/or their respective licensors.

Source: FTSE Russell as at 31 August 2021. Past performance is no guarantee of future results. 4 of 4 Returns shown before the index launch date reflect hypothetical historical performance. Please see disclaimer for important legal information.