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CONTENTS Introduction Vision, Mission, Values At a Glance Year in Figures Chairman’s Statement About Us Group Overview Our Executive Management Our Operating Environment Our Capacity Our Strategy How We Create Value Our People Staff Development Our Approach to Risk Management Our Approach to Sustainability Operational Review Interview with the Group Chief Executive Officer Review of the Business in 2016 Group Chief Financial Officer’s Review Our Plans for the Future Corporate Governance Corporate Governance Report Board & Committees Structure Board Biographies Report of the Directors 4 5 7 8 14 16 20 22 26 28 30 32 34 41 53 56 65 68 72 85 86 92 Audit, Compliance & Risk Management Committee Report 98 Finance & General Purpose Committee Report Technical & Operations Committee Report Nomination Committee Report Remuneration Report Compliance with SEC Disclosure Requirements Financial Statements Report of the Statutory Audit Committee Independent Joint Auditors’ Report to the Shareholders of Dangote Cement Plc Directors’ Responsibilities for the Preparation & Approval of the Financial Statements Consolidated & Separate Statement of Profit or Loss Consolidated & Separate Statement of Comprehensive Income Consolidated & Separate Statement of Financial Position Consolidated Statement of Changes in Equity Separate Statement of Changes in Equity Consolidated & Separate Statement of Cash Flows 111 115 118 120 129 136 137 138 139 140 141 142 143 144 Notes to the Consolidated & Separate Financial Statements 145 Five Year Financial Summary (Group) Five Year Financial Summary (Company) Statement of Value Added 208 209 210

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