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REMUNERATION REPORT I also explain how the remuneration policy is aligned with the short-term objectives and long-term strategy of Dangote Cement. The report is split into three main areas: the statement by the Chairman of the Remuneration and Governance Committee, the Remuneration Policy Report and the Annual Report on Remuneration. The Board has established a remuneration framework for Executive and Non-Executive Directors, which takes cognizance of the relevant Codes of Corporate Governance in Nigeria as well as leading governance practices with a view to ensuring adherence to the highest standards of Corporate Governance. Emmanuel Ikazoboh Chairman of the Remuneration and Governance Committee The Remuneration Policy reflects our desire to sustain long-term value creation for shareholders, and aims to: • Attract and retain people with integrity, ability, skill and experience to deliver the Group’s strategy The Company’s Remuneration Policy reflects our desire to sustain long-term value creation for our shareholders. • Motivate Directors to pursue and promote balance between the short-term and long-term growth of the Group while maximising shareholders’ returns • Ensure that remuneration arrangements are equitable, transparent, well communicated and easily understood, aligned with the interest of shareholders and adequately disclosed • Align individual rewards with the Company’s performance, the interests of its shareholders, and a prudent approach to risk management • Promote compliance with global regulatory trends and governance requirements, with an emphasis on long-term sustainability Dangote Cement ensures that the performance goals of Directors are aligned to shareholder interest to ensure that Directors make prudent decisions in deploying the Group’s resources to generate sustainable growth. In this report I describe our remuneration practices and policies and disclose the remuneration paid to Directors in 2016 and the proposed remuneration arrangements for 2017. 120 Annual Report 2016 The performance-based incentive programs for the Executive Management are aligned to individual performance and the overall performance of the Company, and this drives a high-performance culture that rewards individual contributions and the achievement of business results that enhance shareholder value.

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