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CORPORATE GOVERNANCE REPORT 18. Whistle Blowing Policy At Dangote Cement, we continually strive to create a work environment where employees, contract workers, vendors, service providers, customers and other stakeholders have the opportunity to make confidential disclosures on misconduct, irregularities or malpractice, without fear of harassment and/or victimisation and with the assurance that their concerns will be taken seriously, investigated, and appropriate action will be taken. In line with Section 32 of the SEC Code and international best practice in Corporate Governance, the Board has established a Whistle Blowing Policy to enable staff, in confidence, to raise concerns about possible improprieties in financial and other matters and to do so without fear of reprisal, provided that such concerns are raised in good faith. Employees and other stakeholders are encouraged to report incidents of misconduct in a confidential and anonymous manner through the internal reporting channels (i.e. Line Manager, Head of Department, and Group CEO) and/or the outsourced KPMG Ethics Line. The Board subscribed to the KPMG Ethics Line to strengthen confidence in our Whistle Blowing Policy. The KPMG Ethics Line contact details are: 0703 000 0026, 0703 000 0027, 0808 822 8888, 0708 060 1222, 0809 993 6366 or email kpmgethicsline@ng.kpmg.com. The Board has delegated oversight over whistle blowing to the Audit, Compliance and Risk Management Committee. All matters reported are investigated and reported to the Committee including the action taken. Statistics on the volume and general nature of all disclosures made are periodically reported to the Committee, which has the power to request further information, conduct its own inquiries or order additional action as it sees fit. Shareholder engagement As a Premium-listed company on the Nigerian Stock Exchange, our Board attaches considerable importance 82 Annual Report 2016 to open dialogue and constructive relationships with shareholders and other stakeholders. We believe it is vital to set the highest standards of investor engagement and maintain an open and continuous dialogue with our shareholders and potential investors. We have a dedicated Investor Relations team that reports to the Group Chief Financial Officer. The Investor Relations team is responsible for building and maintaining long-term relationships with institutional investors and equity research analysts, as well as with private investors. The Investor Relations team also provides feedback to the Board and Senior Executives on how the market perceives the Company. Extensive communication with investors and analysts was conducted throughout 2016 through quarterly results calls, one to one meetings, group meetings and several investor conferences held in in Lagos, London and New York. In addition, we undertook investor roadshows to meet fund managers in New York, Boston, Washington, Paris, Frankfurt and London, all of which are major financial centres. Overall, we met with fund managers and analysts on more than 250 occasions during 2016. We also hosted a number of investor visits to our plants in Nigeria, Ethiopia and South Africa. As Chairman, I also had occasional meetings with institutional investors to discuss matters of mutual interest including corporate strategy and our developments in corporate governance. During the year we launched a new website at www.dangotecement.com and it contains extensive information about the Company, as well as details on how to apply for jobs or distributorships. Policies on market communication have been documented in our Communication Governance Policy, which is available on our website. The Policy has established guidelines for releasing material information to the Nigerian Stock Exchange, the general public, media, customers, bondholders, potential investors, and other stakeholders.

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