group structure at 31 march 2008

associated companies and other tobacco interests • British American Tobacco 10.6%

financial services • RMB Holdings 25.0% • FirstRand 9.3%

industrial interests • air Products SA 50.0% • distell 29.4% • dorbyl 41.4% • Kagiso Trust Investments 41.8% • medi-Clinic 45.9% • nampak 13.3% • pGSI 28.5% • total South Africa 24.9% • South Africa Holdings 25.8%

mining interests • trans Hex 28.5% • implats 4.4%

other interests • Business Partners 21.1% • Xiocom 44.4%

subsidiary companies industrial interests • tsb Sugar 100.0% • Wispeco 100.0% • rainbow 74.0%

corporate and other interests • remgro Finance Corporation 100.0% • m&I Group Services 100.0% • remgro Investments – Jersey 100.0%

Percentages represent the direct interests held. Annexures A and B provide further information of subsidiary companies and investments.

remgro limited | 2 | annual report group structure information on the companies in which investments are held

associated companies and other

tobacco interests financial services mining interests

effective interest: 10.6% effective interest: 25.0% effective interest: 28.5%

• Listed on the London Stock Exchange. • Listed on the JSE Limited. • Listed on the JSE Limited. • Chief Executive Officer: P Adams • Chief Operating Officer: P Cooper • Chief Executive Officer: L Delport • Produces high-quality tobacco products for • RMBH’s interests are: • Exploration for, and mining and marketing a diverse, worldwide market. The company – FirstRand Limited (33%) of land and marine diamonds. is involved from the planting and growing – RMB Structured Insurance Limited (81%) • Market capitalisation at 31 March 2008: of tobacco crops to the marketing of the – OUTsurance Limited (62%) R1 113 million products. – Glenrand M.I.B Limited (16%) • Website: www.transhex.co.za • Interest is represented by a one-third – Discovery Holdings Limited (27%) shareholding in the ordinary shares and a • Market capitalisation at 31 March 2008: 100% shareholding in the “2005” R29 623 million participating securities of R&R Holdings • Website: www.rmbh.co.za SA (R&R). The other two-thirds shareholding in R&R is held by Compagnie Financière SA. effective interest: 4.4% • R&R holds a 30% share in BAT. • Market capitalisation at 31 March 2008: • Listed on the JSE Limited. £38 126 million • Chief Executive Officer: D H Brown • Website: www.bat.com effective interest: 9.3% • Implats is a fully integrated mining and (excluding indirect interest held through RMB Holdings) metallurgical organisation, which markets refined platinum group metals for global • Listed on the JSE Limited. markets and is one of the world’s largest • Chief Executive Officer: P K Harris platinum recyclers. • The FirstRand group of companies is • Market capitalisation at 31 March 2008: involved in the financial service activities, R197 684 million including retail, corporate, investment and • Website: www.implats.co.za merchant banking, short-term insurance, life insurance, employee benefits and asset management. • The banking and insurance activities are represented by the wholly owned subsidiaries FirstRand Bank Holdings Limited and Momentum Group Limited respectively. • Market capitalisation at 31 March 2008: R90 192 million • Website: www..co.za

remgro limited | 3 | annual report group structure information on the companies in which investments are held

associated companies and other associated companies and other

industrial interests

effective interest: 50.0% effective interest: 29.4% effective interest: 13.3%

• Unlisted • Listed on the JSE Limited. • Listed on the JSE Limited. • Chief Executive Officer: M Hellyar • Chief Executive Officer: J J Scannell • Chief Executive Officer: G E Bortolan • Air Products SA produces oxygen, nitrogen, • Distell produces and markets fine wines, • Nampak is Africa’s largest and most argon, hydrogen and carbon dioxide for sale spirits and flavoured alcoholic beverages, in diversified packaging manufacturer, with in gaseous form by pipeline under long-term South Africa with an increasing international operations in the United Kingdom and contracts to major industrial users, as well as profile. Europe. It produces a wide variety of the distribution of industrial gases and • Interest is represented by a 50% shareholding packaging products from metals, paper, chemicals for sale, together with ancillary in Remgro-KWV Investments Limited, plastic and glass and is the largest equipment, to the merchant market. which held a 59% share in Distell at manufacturer and distributor of tissue paper • The other 50% of the ordinary shares is 31 March 2008. products. held by Air Products and Chemicals • Market capitalisation at 31 March 2008: • Market capitalisation at 31 March 2008: Incorporated, a USA company. R10 234 million R10 785 million • Website: www.airproducts.co.za • Website: www.distell.co.za • Website: www.nampak.com

effective interest: 45.9% effective interest: 41.8% effective interest: 25.8%

• Listed on the JSE Limited. • Unlisted • Unlisted • Chief Executive Officer: L J Alberts • Chief Executive Officer: J J Njeke • Chief Executive Officer: Mrs G A Klintworth • Medi-Clinic’s business consists of the • Kagiso Trust Investments (“Kagiso”) is an • The Unilever venture manufactures and provision of comprehensive, high-quality established black economic controlled markets an extensive range of food and home hospital services on a cost-effective basis in company with a focus on investment banking and personal care products, while enjoying Southern Africa, the United Arab Emirates services, media and strategic investments. market leadership in most of its major and Switzerland. Kagiso has an investment portfolio and categories. Well-known brands include • Market capitalisation at 31 March 2008: strategy that is complementary to that of Robertsons, Rama, Flora, Lipton, Joko, R11 682 million Remgro. Mrs Ball’s, Sunlight, Omo, Surf, Vaseline • Website: www.mediclinic.co.za • Website: www.kagiso.com and Lux. • Website: www.unilever.co.za

effective interest: 41.4% effective interest: 24.9% effective interest: 28.5% • Listed on the JSE Limited. • Unlisted • Chief Executive Officer: R F Röhrs • Chief Executive Officer: J Royére • Unlisted • Dorbyl is an industrial group in the • Subsidiary of Total (France). Total South • Chief Executive Officer: S Jennings automotive engineering industry. The Africa’s business is the refining and marketing • PGSI holds an interest of 100% in company specialises in the production and of petroleum and petroleum products in PG Group. assembly of a wide range of vehicle South Africa. It distributes to neighbouring • The PG Group is South Africa’s leading components. NBLS countries. It has a 36% interest in integrated glass business that manufactures, • Market capitalisation at 31 March 2008: National Petroleum Refiners of S.A. (Pty) distributes and installs high-performance R273 million Limited (Natref ). automotive and building glass. • Website: www.dorbyl.co.za • Website: www.total.co.za • Website: www.pggroup.co.za

remgro limited | 4 | annual report group structure information on the companies in which investments are held

associated companies and other subsidiary companies

other interests industrial interests corporate and other interests

Remgro Finance Corporation Limited, M&I Group Services Limited and Remgro Investments Limited – Jersey effective interest: 21.1% effective interest: 100.0% effective interest: 100.0%

• Unlisted • Unlisted • Unlisted companies • Chief Executive Officer: J Schwenke • Chief Executive Officer: H Snyman • Responsible for Remgro’s central treasury • Business Partners is a specialist investment • Tsb Sugar is involved in cane growing and function as well as management and support company providing customised and the production, transport and marketing of services. integrated investments, mentorship and sugar and animal feed. Citrus is also grown property management services for small and on the company’s estates. medium enterprises in South Africa. • Website: www.tsb.co.za • Website: www.businesspartners.co.za

effective interest: 100.0% effective interest: 44.4% • Unlisted • Unlisted • Managing Director: H Rolfes • Chief Executive Officer: J D Spence • Wispeco’s main business is the extrusion of • Xiocom is a newly established USA company aluminium profiles used mainly in the that specialises in the deployment and building, engineering and durable goods operation of wireless broadband networks. sectors. • Website: www.xiocom.com • Website: www.wispeco.co.za

effective interest: 74.0%

• Listed on the JSE Limited. • Chief Executive Officer: M Dally • Rainbow is the holding company of one principal operating subsidiary, which is a vertically integrated chicken producer. • Market capitalisation at 31 March 2008: R4 234 million • Website: www.rainbowchicken.co.za

remgro limited | 5 | annual report