8 OVERVIEW OF BUSINESS | Group profile

GROUP PROFILE REMGRO IS A DIVERSIFIED INVESTMENT HOLDING COMPANY

Originally established in the 1940s by the late Dr , Remgro’s investment portfolio has evolved substantially and currently includes more than 30 investee companies. The Company is listed on the Johannesburg Securities Exchange (JSE), operated by the JSE Limited in South Africa under the “Industrial – Diversified Industrial” sector (as at 19 September 2019), with the share code “REM”. Our interests consist mainly of investments in the banking, healthcare, consumer products, insurance, industrial, infrastructure and media and sport industries.

Our interests consist mainly of investments in the following industries:

p.42 BANKING BANKING

p.44 HEALTHCARE HEALTHCARE

p.45 CONSUMER PRODUCTS CONSUMER PRODUCTS

p.48 INSURANCE INSURANCE

p.49 INDUSTRIAL INDUSTRIAL

p.54 INFRASTRUCTURE INFRASTRUCTURE

p.58 MEDIA AND SPORT MEDIA & SPORTS

p.60 OTHER INVESTMENTS OTHER INVESTMENTS

p.62 TREASURY AND MANAGEMENT SERVICES TREASURY & MANAGEMENT

Equity accounted investment

Subsidiary

Listed entity

Number of Remgro nominated director/s; alternates excluded

(1) Voting rights in Distell equal 56.5%. (2) Effective 2 July 2018, Remgro disposed of its investment in in exchange for Unilever’s Spreads business (Siqalo Foods) in Southern Africa for R7 000 million, as well as a cash consideration of R4 900 million. www.remgro.com | Remgro Limited | Integrated Annual Report 2019 9

GROUP STRUCTURE AT 30 JUNE 2019 Remgro Limited principal investments – equity interest held

RMH 28.2%

FirstRand 3.9%

Mediclinic 44.6%

Distell(1) 31.8%

RCL Foods 77.5%

Siqalo Foods(2) 100%

RMI Holdings 30.6%

Air Products 50.0%

Kagiso Tiso Holdings 36.3%

Total 24.9%

PGSI 37.7%

Wispeco 100%

Grindrod 23.3%

Grindrod Shipping 22.7%

CIVH 54.4%

SEACOM 30.0%

eMedia Investments 32.3%

Blue Bulls 50.0%

Stellenbosch Academy of Sport 100%

Business Partners 42.8%

Millennia Jersey – Jersey 100%

Remgro Finance Corporation 100%

Remgro Healthcare Holdings 100%

Remgro International – Jersey 100%

Remgro Jersey GBP – Jersey 100%

Remgro Management Services (FSP 30 549) 100%

V&R Management Services – Switzerland 100%