The Africa NYSE Relationship

1
The Africa - NYSE Relationship

• February 26, 2004

2
The Worlds Largest Stock Market
5.9 trillion of non-U.S. companies
Market cap of 17.2 trillion
3
NYSE International Market Capitalization
Non-U.S. Market Cap 5.9 Trillion

• Today, 467 listed companies from 50 countries
  with market cap of 5.9 trillion
• In 1990, 110 companies from 19 countries with
  market cap of 662 billion
• NYSE Europe is the by far the largest European
  stock exchange (3.8 trillion)

Source NYSE Research As of end of December 2003
4
NYSE International Trading
Average Daily Volume (in millions of shares)

• Today, non- U.S. trading of 139 million shares a
  day, greater than total NYSE volume in 1986
• 9.9 of total NYSE volume
• In 1990,10.6 million shares -- from 1990 to 2003,
  non-U.S. trading increased by 13 times

Source NYSE Research As of end of December 2003
5
Strategic Benefits of NYSE Listing
Summary of Key Benefits for Non-U.S. Companies

• Highest Valuation through Peer Group Benchmarking
• Access to Largest Pool of Capital
• US Acquisition Currency
• Equity-Based Compensation Plans for US Employees
• Enhanced Visibility for Commercial Branding
• Tax Benefits to US Investors if No U.S. Tax
  Treaty
• Unqualified Commitment to Good Corporate
  Governance

6
NYSE-Listed South African Companies
All data for December 2003 except Market
Capitalization, as of January 14, 2004
7
Global Trading NYSE Market Share
South African Listed Companies
In
Source NYSE Database December 2003
8
Global Trading Average Daily Value
South African Listed Companies
In Millions
Source NYSE Database December 2003
9
Global Trading Average Daily Volume
South African Listed Companies
In Millions
Source NYSE Database December 2003
10
NYSE ADRs Outstanding
South African Listed Companies
In Millions
Source NYSE Database December 2003
11
Sasol ADValue
In 000
Source NYSE Database First quarter 2004 data as
of January 15
12
Sasol ADVolume
In 000
Source NYSE Database First quarter 2004 data as
of January 15
13
Sasol ADRs Outstanding
In MM
Source NYSE Database First quarter 2004 data as
of January 15
14
Harmony Gold Mining Company Limited ADValue
In Millions
Source NYSE Database First quarter 2004 data as
of January 15
15
Harmony Gold Mining Company Limited ADVolume
In Millions
Source NYSE Database First quarter 2004 data as
of January 15
16
Harmony Gold Mining Company ADRs Outstanding
In Millions
Source NYSE Database First quarter 2004 data as
of January 15