F2013 Salient Features

Corporate and financial

• 20% increase in sales revenue to R4.4 billion (F2012: R3.7 billion)
• Profit after tax up by 70% to R528.0 million (F2012: R310.5 million)
• Improvement in operating margin to 13.7% (F2012: 9.2%)
• Capex spend reaches R1.8 billion
• Headline earnings increased by 68.9% to R522.2 million (F2012: R309.2 million)
• Capital raising programme of R1 billion launched in September 2013

Operational

• Booysendal mine successfully commissioned in second half of F2013
• Unprocedural strike action at Zondereinde results in revenue losses of R192 million
• Zondereinde smelter shut down; rebuild to be completed by October 2013
• Operational recovery sustained at Zondereinde

Employees, communities and the environment

• Northam operations provide 11 081 employment opportunities
• Two million fatality-free shifts achieved at Zondereinde – overall improvement in safety performance at Zondereinde
• One million fatality-free shifts achieved at Booysendal

Governance and compliance

• Group code of ethics reviewed and updated in April 2013
• Memorandum of incorporation (MOI) approved in accordance with Companies Act
• Approval framework reviewed and updated in April 2013