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GROUP OVERVIEW The Company that became Dangote Cement was founded at a time when Nigeria was almost entirely dependent on imports. Indeed, importation of cement was our main business for many years until the Federal Government launched its industrial policy of Backward Integration in 2002. This initiative was designed to reduce Nigeria’s dependence on imports by encouraging the industry to build enough capacity to serve Nigeria’s needs, not just in that decade but long into the future. Probably Africa’s most attractive market for cement, Nigeria has substantial limestone and energy resources, a large and increasingly prosperous population and a massive need for infrastructure and housing.. We have invested billions of dollars building new capacity that has made Nigeria not just self-sufficient in cement but also an exporter. In the process we have created thousands of jobs across the country in factories, logistics, sales and support services. At 13.25Mta, our Obajana Cement Plant in Kogi State, Nigeria, is the largest in Africa and one of the largest and most profitable cement factories in the world. Employing thousands of people directly and indirectly, it was opened in 2008 as a 5Mta plant and has twice been extended in size. Dangote Cement is Africa’s leading cement producer with 44 million tonnes per annum (Mta) of production or import capacity operational at the end of 2016 in Nigeria, Cameroon, Ethiopia, Ghana, Senegal, South Africa, Tanzania and Zambia. In the first quarter of 2017, new facilities totalling 2.2Mta will begin operations in Congo and Sierra Leone. Headquartered in Lagos, the Group is managed by an executive team led by the Group Chief Executive Officer (GCEO), who reports to the Chairman and the Board of Directors. Dangote Cement has two operating regions: Nigeria and Pan-Africa. Each has its own Chief Executive and Chief Financial Officer reporting to the Group Chief Executive Officer and Group Chief Financial Officer respectively. 14 Annual Report 2016 Although Obajana was initially designed to be fuelled by gas, with low-pour fuel oil (LPFO) as a back-up, we recently installed coal facilities to fire its four kilns as well. This has helped to reduce our dependence on gas following the serious shortages we experienced in 2016 because of disruption to gas pipelines in the south of Nigeria. It has also eliminated our need to use LPFO as a back-up fuel, which costs 2.5x as much as gas per tonne of finished cement. Our Ibese plant in Ogun State has four cement lines with a total capacity of 12Mta. Its first two lines opened in February 2012 and the second pair came onstream in February 2015. Like Obajana, Ibese was originally designed to use gas and LPFO but we have now abandoned LPFO at Ibese in favour of coal, which can be used to run all four kilns if needed.

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