Directors' responsibility statement

for the year ended 31 March 2026

The Directors are responsible for the preparation, integrity, and fair presentation of the consolidated and separate annual financial statements of the Company and its subsidiaries (annual financial statements). It is their responsibility to ensure that the annual financial statements fairly present the financial position of the Group and Company as at the end of the financial year, the results of the operations and the cash flow information is in conformity with IFRS® Accounting Standards of the International Accounting Standards Board (IASB), the South African Institute of Chartered Accountants (SAICA) financial reporting guides as issued by the Accounting Practices Committee, the Financial Reporting Pronouncements as issued by the Financial Reporting Standards Council, the JSE Listings Requirements (JSE LR), and the requirements of the Companies Act, 71 of 2008 (as amended).

The annual financial statements are prepared based on appropriate accounting policies, which have been consistently applied and have incorporated prudent judgement and estimates.

The external auditor has expressed an independent opinion on the financial statements.

For the Directors to discharge their responsibilities, management continues to develop and maintain a system of internal controls aimed at reducing the risk of error or loss in a cost-effective manner. This is designed to provide reasonable but not absolute assurance that assets are safeguarded and that transactions are executed and recorded in accordance with generally accepted business practices and the Company's policies and procedures.

The Directors, primarily through the Audit Committee, which consists of independent Non-executive Directors, meet periodically with the external and internal auditors and executive management to evaluate matters concerning accounting policies, internal controls, auditing and financial reporting.

Based on the information and explanations provided by management and internal audit, the Directors are of the opinion that the internal accounting controls are adequate. Accordingly, the financial records can be relied upon for preparing the annual financial statements and for ensuring accountability for assets and liabilities.

The Directors are responsible for overseeing the controls and security of the website and, where applicable, for establishing and controlling the process of electronically distributing the annual financial statements and other financial information to shareholders and to the Companies and Intellectual Property Commission.

The Directors are satisfied that the Company and its subsidiaries have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company and its subsidiaries continue to adopt the going concern basis in preparing the annual financial statements.

Against this background, the Directors of the Company accept responsibility for the annual financial statements, which were approved by the Board of Directors on 1 June 2026 and signed on its behalf by: