Abridged statement of changes in equity

Reviewed results for Alexander Forbes Preference Share Investments Limited and
Alexander Forbes Equity Holdings (Pty) Limited
for the period ended 31 March 2008

for the thirteen months ended 31 March 2008
(including eight months of trading results from the acquired AFEH group)

	Ordinary shareholders’ equity* Rm	Preference shareholders’ interest Rm	Accumulated loss Rm	Total equity Rm
At 28 February 2007	—	—	—	—
Shares issued on the effective
date, 26 July 2007	—	1,122	—	1,122
Loss for the period	—	—	(44)	(44)
At 31 March 2008	—	1,122	(44)	1,078

*The issued ordinary share capital of the company at 31 March 2008 and 31 March 2007 is R1.