Overview Group structure

Group structure

1 The Boleng Trust is a black economic empowered entity which controls the majority of the voting rights in a special-purpose vehicle that owns 14,28% of Assore’s issued ordinary shares (refer note 3 below and “Black economic empowerment status report”).
2 The Fricker Road Trust is a black economic empowered entity which controls the majority of the voting rights in a special-purpose vehicle that owns 11,79% of Assore’s issued ordinary shares. The Assore Employee Trust controls the remainder of the voting rights (refer note 3 below and “Black economic empowerment status report”).
3 A black economic empowerment entity, Mampa Investment Holdings Proprietary Limited, has a 44% equity interest in Rustenburg Minerals Development Company Proprietary Limited (refer “Black economic empowerment status report”).
4 More detail on the impact of the requirement of IFRS to consolidate these trusts is included in the Five-year summary of the consolidated financial statements of this report and Form of proxy of the annual financial statements.