Board committees

The Board of Directors has established committees to assist it with fulfilling its responsibilities in accordance with the provisions of the Company’s Board Charter. Nonetheless, the Board acknowledges that the granting of authority to its committees does not detract from the Board’s responsibility to discharge its duties to the Company’s shareholders.

Audit Committee

Members:

• M W King (Chairman)
• Dr M M M Bakane-Tuoane
• T A Boardman A D Botha
• A K Maditsi
• Dr R V Simelane

Investment Committee

Members:

• Z B Swanepoel (Chairman)
• F Abbott
• A D Botha
• M W King
• A K Maditsi

Nomination Committee

Members:

• A K Maditsi (Chairman)
• P T Motsepe
• Dr R V Simelane

Non-executive Directors’ Committee

Members:

• Dr M M M Bakane-Tuoane (Chairman)
• F Abbott
• T A Boardman A D Botha
• J A Chissano
• A K Maditsi
• M W King
• Dr R V Simelane
• Z B Swanepoel

Remuneration Committee

Members:

• Dr M M M Bakane-Tuoane (Chairman)
• F Abbott
• T A Boardman A D Botha
• A K Maditsi

Social and Ethics Committee

Members:

• Dr R V Simelane (Chairman)
• F Abbott Dr M M M Bakane-Tuoane
• Z B Swanepoel (resigned from the Committee in August 2010)

Management Committees

• Management Risk Committee
• Steering Committee
• Treasury Committee