Discussion of changes to share incentive scheme

Engagement with audit committee regarding potential accounting issues

Engaged with Group Chairman and Nedbank regarding remuneration prior to AGM voting

Participated in the capital markets day where Standard Bank set out their ESG commitments

Engagement with management regarding spend directed to environmental improvements

Engaged with the Prosus Remuneration Committee regarding their policy and its implementation

Engagement with management, focusing on social as well as environmental issues

Engagement with the Board regarding the NAV discount and suggested actions to unlock the discount

Sent a collaborative investor engagement letter to PRX, NPN Boards regarding concerns associated with the Prosus voluntary share exchange offer for Naspers shares

Engagement with Firstrand’s sustainability team regarding their approach to Climate Change