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Financials NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 17.4 Composition of the Group Information about the composition of the Group at the end of the reporting period is as follows: Principal activity Place of incorporation and operation Cement production Bagging and distribution of cement Selling and distribution of cement Bagging and distribution of cement Cement production Principal activity Cement production Cement production Cement production Cement production Cement grinding Cement production Bagging and distribution of cement Bagging and distribution of cement Cement Grinding Selling and distribution of cement Selling and distribution of cement Selling and distribution of cement Selling and distribution of cement Limestone mining Cement production Cement production Selling and distribution of cement Selling and distribution of cement Cement production Holding company Cement production Power production Coal production Cement production Cement production Cement production Cement Grinding Congo Liberia Senegal Ghana Nepal Place of incorporation and operation South Africa Ethiopia Zambia Senegal Cameroun Tanzania Sierra Leone Cote D’Ivoire Gabon Bukina Faso Chad Mali Niger Kenya Kenya Madagascar Benin Togo Mozambique Zimbabwe Zimbabwe Zimbabwe Zimbabwe Guinea D.R. Congo Nigeria Ghana Number of wholly -owned subsidiaries 2016 2015 1 1 1 1 1 Number of non wholly -owned subsidiaries 2016 2015 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 - - 1 1 1 1 1 Annual Report 2016 189

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