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Corporate Governance CORPORATE GOVERNANCE REPORT Dangote Pasta Limited Dangote Cement purchases LPFO in bulk and on behalf of some subsidiaries/affiliates of DIL, including this entity. Dangote Cement is reimbursed for expenses incurred on behalf of this entity. Dangote Sugar Refinery Plc. Dangote Cement purchases LPFO in bulk and on behalf of some subsidiaries/affiliates of DIL, including this entity. Dangote Cement is reimbursed for expenses incurred on behalf of this entity. DANSA Foods Limited Dangote Cement purchased products from this entity for sales promotion. The entity is related to Sani Dangote, a Director of Dangote Cement. Ecobank The bank provides loans and other banking services to Dangote Cement. Emmanuel Ikazoboh, an Independent Non-Executive Director of Dangote Cement, is also the Chairman of Ecobank. Fidelity Bank The bank provides loans and other banking services to Dangote Cement. Ernest Ebi, an Independent NonExecutive Director of Dangote Cement, is also the Chairman of Fidelity Bank. Greenview Development Nigeria Limited This entity, which is controlled by DIL, assists with clearing of bulk materials, imported capital goods and spares. Greenview International Limited This entity manages the Dangote Industries brand and receives royalties from entities trading or operating with the Dangote brand. It is controlled by DIL. Integrated Steel Limited Dangote Cement purchases AGO in bulk and on behalf of some subsidiaries/affiliates of DIL, including this entity. Dangote Cement is reimbursed for expenses incurred its behalf. Kura Holdings This company, which is an affiliate of Dangote Industries, provides travel agency services to Dangote Cement. MHF Properties This company, which is an affiliate of Dangote Industries, provides accommodation and property services to Dangote Cement. NASCON Allied Industries Dangote Cement purchases AGO in bulk and on behalf of some subsidiaries/affiliates of DIL, including this entity. In addition, DCO purchases trucks and earthen salt on behalf of this entity for which it is reimbursed. Savannah Sugar Dangote Cement is reimbursed for payments for duties on equipment and terminal charges on behalf of this entity. The entity is controlled by Dangote Sugar. SIAO The entity provides accounting and professional services to Dangote Cement. The entity is related to Robert Odiachi, who is the Chairman of the Statutory Audit Committee. Review of Governance Framework and Policy Formulation The Board ensures ongoing review of the Company’s Governance Framework, to ensure that: • Dangote Cement’s governance practices accurately reflect recent changes to the business and its structure • The governance framework set out and reinforced the Company’s values • The risk and assurance processes are a robust and integral part of the governance framework • The framework reflects best governance practices. Further to these reviews, the Board approves the formulation of policies, which are in line with good governance and has taken cognizance of the regulatory and business environment. Annual Report 2016 79

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