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About Us OUR APPROACH TO RISK MANAGEMENT Reading these Risk Appetite Statements, it is immediately clear how they are aligned with the core values of our Company, as expressed in the Mission Statements we set out on page 39 and again below. Our mission is to: 1. Deliver strong returns to our shareholders by selling high-quality products at affordable prices backed by excellent customer service 2. Help Nigeria and other African countries towards self-reliance and self-sufficiency in the production of the world’s most basic commodity by establishing efficient production facilities in strategic locations close to key growth markets 3. Provide economic benefits to local communities by way of direct and indirect employment in all countries in which we operate 4. Lead the way in areas such as governance, sustainability and environmental conservation and to set a good example for other countries to follow. Building a culture of risk management Mindful of our corporate mission and the Risk Appetite Statements set out above, the Board Audit, Compliance and Risk Management Committee’s policies are implemented through the direction of our dedicated Risk Management team. However, we take the view that risk management is the concern of everyone at Dangote Cement, so that people at all levels become involved in and responsible for the identification and analysis of risk and play a part in its mitigation. Our risk management culture is therefore guided by the following principles: • All business risks pose a threat to shareholder value if not managed properly • In any business decision, we consider the balance of risks and rewards for our business and its value • We have a clearly defined appetite for risk that governs the types and extents of business risks we are prepared to face • We must continuously monitor and manage the risks that challenge us • We are all responsible for the management of risk, from our Chairman, through our management teams to our colleagues on the factory floor In practical terms, when a risk is identified we assign an ‘owner’ who becomes responsible for its monitoring and control. In this way, our risk management strategy cascades from the Board through the Risk Management team to responsible stakeholders at the departmental, country or Group levels. This ensures full engagement across all business activities at the strategic, tactical and operational levels of the organisation. Risk management is therefore a responsibility that is shared between operational staff and management at plant level, strategic management at country and regional level, our senior executives, our specialist Risk Management department and our Board. Through this Group-wide collaboration we aim to ensure that: • We have an effective risk-management platform to support our growth strategy and guide our daily operations • All business activities and plans are aligned with the Group’s risk appetite • Risk awareness guides and informs decision-making across the business • Risk profiles are defined at Group, regional, country and departmental levels • Material risks are identified or anticipated before they become a problem • No risk becomes realised in a way that harms our staff, our assets, our environment, our financial strength, our reputation or our value for shareholders. The risk management processes At Dangote Cement we have a comprehensive view of all major risks facing the Company. We understand that by their very nature, risks are always evolving, so we have developed a risk management framework that is both robust and adaptable. Our risk management framework consists of processes that facilitate the identification, measurement, evaluation, acceptance and management of risks. Our risk management approach is disciplined and methodical to ensure value addition and value protection for the Group. The process ensures the appropriate ownership of risk and accountability of all stakeholders in the risk management value chain. Annual Report 2016 37

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