2022 PPS NAMIBIA INTEGRATED REPORT

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the year ended 31 December 2022 Group Accumulated Revaluation Noncontrolling funds reserve interest Total Note R’m R’m R’m R’m Balance at 1 January 2021 10,11,12 320 30 (11) 339 Transfer from DPF liability* 13.2 – 4 – 4 Total comprehensive (loss) / income for the year (14) (23) 1 (36) Deficit for the year (14) – 1 (13) Other comprehensive loss for the year – (23) – (23) Balance at 31 December 2021 10,11 296 11 – 307 Transfer to DPF liability* 13.2 – (10) – (10) Total comprehensive loss for the year (49) – – (49) Deficit for the year (49) – – (49) Other comprehensive loss for the year – – – – Balance at 31 December 2022 10,11 247 1 – 249 *The Discretionary Participation Features (DPF) liability relates to the PPS Profit-Share Accounts. 103 Consolidated Statement of Changes in Equity

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