1. Introducing the Industrial Development Corporation (IDC) Presentation by: Raisibe Morathi Chief Investment Officer Industrial Development Corporation of South Africa Introducing the IDC Johannesburg 09 June 2004

2. Corporate profile… Established in 1940, the IDC is a self-financing, state-owned development finance institution Provides financing to entrepreneurs engaged in competitive industries Follows normal company policy and procedures in its operations Pays income tax at corporate rates and dividends to the shareholder Independent Board of Directors Reports on a fully consolidated basis, with its Annual Report freely available to the public

3. 14 Strategic Business Units (SBUs), each focussed on specific economic sectors COO Gert Gouws ProjectsDivision Jaco Kriek Industrial Sectors Division Ufikile Khumalo Services Sectors Division Gerrit van Wyk CEO / President Khaya Ngqula IDC’s Operational Structure… 23 Supporting departments Professional Services Trevor Mashabane HR Division Lesé Matlhape Marketing & Corporate Affairs Division Neo Sowazi Legal Services & General Counsel Division Tony Tshivhase CIO Raisibe Morathi CFO Geoffrey Qhena

4. IDC Objectives Create employment opportunities Improve the real standards of living of all South Africans: –Poor provinces –Rural areas Foster entrepreneurship Small and medium enterprises Economic empowerment of the historically disadvantaged, including broad based Development of industrial capacity in Africa

5. IDC financing trend (1940s - 2000s)… Total Value of financing approvals 0 15 30 45 60 75 90 1940s1950s1960s1970s1980s1990s*2000s 1 2 3 4 5 6 7 Rand billion at 2002 prices As a % of Gross Fixed Capital Formation (GFCF) in SA 83.5 16.7 % of GFCF Rand billion low economic activity IDC financing to reach over R80 billion in 2000-2010 Projected IDC Financing

6. Investing in the Economy… Financial year 2002/2003… IDC’s investment approvals amounted to R 6.2 billion involving 345 deals IDC’s investments as percentage of private sector investment activity amounted to 4.7% of GFCF IDC awarded an investment grade rating of Baa2 from Moody’s Investor’s Service