Broad Based Black Economic Empowerment Scorecard Generic Enterprise Certificate Certificate No: BM13180-300415

Name of Entity:

Palabora Copper (Pty) Ltd

Trading Name:

Not Applicable

Entity Registration number:

2007/033694/07

Vat Number:

4950252124

Physical Address:

1 Copper Road, Phalaborwa, Limpopo, 1389

Applicable BEE Codes: B-BBEE Codes of Good Practice Issue of the Rating Standard applied: Section 9 of the B-BBEE Act 53 of 2003 Applicable scorecard: Generic Enterprise (> / or = R35 Million annual turnover*)

Element

Weighting

Score

Ownership

23

19.81

Management Control

11

9.47

Employment Equity

18

5.89

Skills Development

15

7.68

Preferential Procurement

20

16.82

Enterprise Development

15

10.95

Socio-Economic Development

5

5.00

Overall Score

107

75.62

Broad Based BEE status level: LEVEL 3 Contributor to B-BBEE BEE procurement recognition level: 110% Black Ownership: 23.90% Black Female Ownership: 6.40% Value Adding Supplier: NO Enterprise Development Beneficiary: NO

* Although the abovementioned is the current level of turnover/income and is closely related to the economic indicators, it may be more or less in future. Consequently, this Certificate does not serve as a guarantee that the income reflected will continue at the same levels.
Based on our work performed, we have no reason to believe that the B-BBEE status reflected in this Certificate has not been calculated in all material respects, in accordance with the B-BBEE Codes of Good Practice - Generic Scorecard on Black Economic Empowerment, gazetted on 09 February 2007 in terms of the Broad- Based Black Economic Empowerment Act of South Africa.
Our limited assurance report dated 30 April 2015 is available for inspection at the registered office of Palabora Copper (Pty) Ltd together with the accompanying detailed B-BBEE Scorecard and should be referred to for an understanding of our limited assurance engagement and the extent of work performed.
This Certificate has been determined, on the basis of information provided by management. We do not accept or assume responsibility to anyone other than

Palabora Copper (Pty) Ltd, for our work, for this report, or for the conclusion we have reached.

Verification Agency: BEE~Matrix (Pty) Ltd

Tel: 011 436 1921

Fax: 011 436 1941

Web: www.beematrix.co.za

e-mail: info@beematrix.co.za

Simone Mitchell

IRBA Reg No: 497088B

Registered Auditor

Approved by IRBA to Conduct Assurance

Engagements on B-BBEE Verification Certificates

Date of issue: 30 April 2015

Expiry date: 29 April 2016

Period of validity: 12 Months

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