Statement 100: The General Principles for Measuring Ownership

Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003

Arrangement of this statement

1. Objectives of this statement

2. The Ownership Scorecard

3. Key measurement principles

3. Sub-minimum and discounting principle

4. Broad-based ownership schemes and employee share ownership plans

5. Private equity funds

6. Section 21 companies and companies limited by guarantee

7. Trusts

8. Options and share warrants:

9. Equity Instruments carrying preference rights

10. Annexe 100 (A)

11. Annexe 100 (B)

12. Annexe 100 (C)

13. Annexe 100 (D)

14. Annexe 100 (E)