| 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 4 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 4 below and “Black economic empowerment status report”). |
| 3. | Subsequent to the financial year-end, Assore acquired the remaining 50% interest in Assmang’s Dwarsrivier Chrome Mine from ARM, completing the transaction on 29 July 2016 (refer here for more detail). |
| 4. | 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”). |
| 5. | More detail on the impact of the requirement of IFRS to consolidate these trusts is included here and here of this report. |
