The De Beers and Namibia Partnership

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DE BEERS AND NAMIBIA The partnership between the Government of the Republic of Namibia and De Beers delivers real and sustained benefits to Namibia and its people. ANNUAL CONTRIBUTION RESPONSIBLE FOR NAMIBIA RECEIVES MORE THAN TO STATE REVENUE MORE THAN 80 CENTS OVER 1 IN EVERY 5 DOLLARS OF EVERY OF NAMIBIA’S DOLLAR N$3bn FOREIGN EARNINGS GENERATED BY THE PARTNERSHIP SINGLE LARGEST CONTRIBUTOR INVESTMENT IN DEBMARINE NAMDEB HOLDINGS EMPLOYS AFTER GOVERNMENT VESSEL SS NUJOMA, APPROX. TO NAMIBIAN ECONOMY N$2.5bn 2,500 PLUS A MULTITUDE OF CONTRACTORS Cunene Okavango Ondangwa Oshakati Cuando Tsumeb Otavi Tsumkwe Kamanjab Grootfontein Outjo Khorixas Our recent partnership with the Otjiwarongo University of Namibia (UNAM) further Omaruru underscores our embodiment of true Usakos Okahandja partnerships. Many young Namibians Henties Bay NDTC Gobabis will now have the opportunity to Swakopmund WINDHOEK Walvis Bay attain tertiary education through this Rehoboth Aminuis programme. Aranos Stampriet Akanous And our new 10-year sales agreement, the longest ever agreed between Maltahohe Gochas Koes De Beers and the Government, DOUGLAS BAY Bethanien Keetmanshoop will see the partnership generate even Luderitz Aroab more value for the Namibian economy. ELIZABETH BAY Aus BOGENFELS MINING AREA 1 Grunau Karasburg SENDELINGSDRIF DABERAS ATLANTIC 1 AUCHAS Warmbad Oranjemund Orange DE BEERS/NAMIBIA 10-YEAR SALES AGREEMENT ANNOUNCED PARTNERSHIP TIMELINE MAY 2016 • US$430 million worth of rough diamonds offered annually to Namibia Diamond Trading Company customers • 15% of Namdeb’s annual run-of-mine production to be made available to a Government-owned independent sales channel 1990 2004 2011 2014 Namibia gains Namdeb Namdeb Holdings is established (held in equal shares Namdeb independence turns 10 between De Beers and the Government of Namibia turns 20 1994 making Namdeb and Debmarine subsidiaries) 1992 Accord signed to re-constitute De Beers and CDM (wholly owned by De Beers) 1999 2003 2010 2012 2016 GRN commence into Namdeb Diamond Inge Zaamwani-Kamwi Otto Shikongo Namdeb launches Project 2050 Namdeb Holdings 10-year sales discussions on Corporation an equally held appointed Managing assumes role as setting the vision for a new and surpasses US$1 agreement Partnership Joint Venture Director of Namdeb CEO of DBMN innovative future billion in revenue announced 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1991 Elizabeth Bay Mine is commissioned 2002 2006 2007 2012 2015 Operations of Debmarine NDTC established as Best Safety Programme DBMN acquires the Approx. N$2.5 billion migrated to Namibia an equally held Joint awarded by Namibia mv Peace in Africa – investment in high tech 1990 from South Africa Venture sorting, valuing Chamber of Mines renamed the mv Mafuta. diamond exploration vessel SS Nujoma Auchas Mine is and marketing The most prolific mining commissioned Namdeb’s diamonds vessel accounting for (Orange River Mines) nearly 50% of DBMN’s total carat production. 2016 De Beers donates N$10 million to the University of Namibia to support underprivileged students.

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