Precient Investment Management

1. Senate Group – Kloof KZN Meyer Coetzee Liang Du 26 June 2014

2. PRESCIENT LIMITED 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Prescient Investment Management (Pty) Ltd Prescient Management Company Ltd Prescient Profile (Pty) Ltd Prescient Life Ltd Prescient Securities (Pty) Ltd Prescient Wealth (Pty) Ltd Prescient Khawuleza (Pty) Ltd EMH Prescient Holdings (Pty) Ltd (Namibia) 49% Prescient Global (Ireland) Prescient Administration Services (Pty) Ltd Prescient Holdings (Pty) Ltd 100% Prescient Capital (Pty) Ltd PBT Operations Financial Services Information Technology 26.24 % BEE Shareholding Directors Murray Louw - Chairman Herman Steyn – Chief Executive Officer Mike Buckham – Financial Director Monty Kaplan – Lead Independent Non-Executive Director Zane Meyer – Independent Non-Executive Director Keneilwe Moloko - Independent Non-Executive Director Heather Sonn - Independent Non-Executive Director Ronell van Rooyen – Non-Executive Director

3. Global presence 2009 2007 2010 2010 2010 1998 2008 2008

4. INVESTMENT TEAM Guy Toms Head of Fixed Interest and Investment Strategist Eldria Fraser CIO Jean-Pierre du Plessis Portfolio Manager & Analyst Farzana Bayat Portfolio Manager & Analyst Teresa Lu Portfolio Manager & Analyst Terri McGregor Analyst Ryan van Breda Structuring / Legal Sanveer Hariparsad Portfolio Manager & Analyst Liang Du Head of Balanced Funds Shamik Jeewa Portfolio Manager & Analyst Nafees Hossain Portfolio Manager & Analyst Johan Steyn Portfolio Manager & Analyst Fazila Manjoo Portfolio Manager & Analyst Justin Sage Equity Dealer Rasi Maleka Equity Dealer Kevin Dewar Head of Fund Management Herman Steyn CEO Sheena vd Merwe Money Market Dealer Hadley Lakay Performance Shaun Hu Portfolio Manager & Analyst James Deng Portfolio Manager & Analyst

5. Prescient solution funds and satellites Expected Real Returns Expected Capital Volatility Income Provider Positive Return Absolute Balanced Equity Active Quant Targets a high income yield with stable capital values. Targets sustainable real returns over time, while actively managing downside risk (in foreign currency for feeder funds). Targets real returns through income and capital gains with capital losses possible over the shorter term. Targets returns above general equity markets by investing in shares that offer value relative to its price 1 – 3 % p.a. No losses over any 3 months 1 – 3 years 3 – 4% p.a. No losses over any 12 months 1 year and longer 4 - 5% p.a. No more than 5% loss over any 12 months 3 years and longer 6 – 8% p.a. Market Related 7 years and longer Real Return Target Risk Target Recommended Horizon Yield QuantPlus ® Global Income Feeder Global Positive Return Feeder China Balanced Feeder Global Growth Feeder Equity Quant Africa Equity Equity Income Balanced Targets real returns similar to the average balanced fund with no explicit risk target. 5 – 6% p.a. Market Related 5 years and longer Global Balanced Strategy Feeder Money Market Bond Quant Plus ® Client needs: regular income withdrawals, or has a short term investment horizon but wants to outperform cash.

6. INCOME PROVIDER

7. INCOME PROVIDER

8. INCOME PROVIDER

9. INCOME PROVIDER

10. Prescient solution funds and satellites Expected Real Returns Expected Capital Volatility Income Provider Positive Return Absolute Balanced Equity Active Quant Targets a high income yield with stable capital values. Targets sustainable real returns over time, while actively managing downside risk (in foreign currency for feeder funds). Targets real returns through income and capital gains with capital losses possible over the shorter term. Targets returns above general equity markets by investing in shares that offer value relative to its price 1 – 3 % p.a. No losses over any 3 months 1 – 3 years 3 – 4% p.a. No losses over any 12 months 1 year and longer 4 - 5% p.a. No more than 5% loss over any 12 months 3 years and longer 6 – 8% p.a. Market Related 7 years and longer Real Return Target Risk Target Recommended Horizon Yield QuantPlus ® Global Income Feeder Global Positive Return Feeder China Balanced Feeder Global Growth Feeder Equity Quant Africa Equity Equity Income Balanced Targets real returns similar to the average balanced fund with no explicit risk target. 5 – 6% p.a. Market Related 5 years and longer Global Balanced Strategy Feeder Money Market Bond Quant Plus ® Client needs: local equity market participation without risk of capital loss over 12 months

11. ROLLING RETURNS: POSITIVE RETURN

12. Prescient solution funds and satellites Expected Real Returns Expected Capital Volatility Income Provider Positive Return Absolute Balanced Equity Active Quant Targets a high income yield with stable capital values. Targets sustainable real returns over time, while actively managing downside risk (in foreign currency for feeder funds). Targets real returns through income and capital gains with capital losses possible over the shorter term. Targets returns above general equity markets by investing in shares that offer value relative to its price 1 – 3 % p.a. No losses over any 3 months 1 – 3 years 3 – 4% p.a. No losses over any 12 months 1 year and longer 4 - 5% p.a. No more than 5% loss over any 12 months 3 years and longer 6 – 8% p.a. Market Related 7 years and longer Real Return Target Risk Target Recommended Horizon Yield QuantPlus ® Global Income Feeder Global Positive Return Feeder China Balanced Feeder Global Growth Feeder Equity Quant Africa Equity Equity Income Balanced Targets real returns similar to the average balanced fund with no explicit risk target. 5 – 6% p.a. Market Related 5 years and longer Global Balanced Strategy Feeder Money Market Bond Quant Plus ® Client needs: real returns over long term fee conscious

13. Prescient Balanced Fund 13

14. Prescient Balanced Fund 14

15. Prescient solution funds and satellites Expected Real Returns Expected Capital Volatility Income Provider Positive Return Absolute Balanced Equity Active Quant Targets a high income yield with stable capital values. Targets sustainable real returns over time, while actively managing downside risk (in foreign currency for feeder funds). Targets real returns through income and capital gains with capital losses possible over the shorter term. Targets returns above general equity markets by investing in shares that offer value relative to its price 1 – 3 % p.a. No losses over any 3 months 1 – 3 years 3 – 4% p.a. No losses over any 12 months 1 year and longer 4 - 5% p.a. No more than 5% loss over any 12 months 3 years and longer 6 – 8% p.a. Market Related 7 years and longer Real Return Target Risk Target Recommended Horizon Yield QuantPlus ® Global Income Feeder Global Positive Return Feeder China Balanced Feeder Global Growth Feeder Equity Quant Africa Equity Equity Income Balanced Targets real returns similar to the average balanced fund with no explicit risk target. 5 – 6% p.a. Market Related 5 years and longer Global Balanced Strategy Feeder Money Market Bond Quant Plus ® Client needs: offshore exposure non traditional assets with high growth potantial reduced correlation to SA market

16. AFRICA VALUATIONS Source: Bloomberg on 30 May 2014 Dividend Yield 16

17. Fund Performance - ZAR Fund inception: 31 March 2011 Composite Benchmark change: 90% MSCI Africa ex ZA 10% US TB prior November 2011 . MSCI Africa ex ZA from November 2011 onwards 31 May 2014 17

18. Global Growth Equity carve-out May 2014