2020 INTEGRATED REPORT

ALLOCATION TO APPORTIONMENT ACCOUNTS The allocations at 31 December 2020 to policyholders’ Apportionment Accounts are set out as follows: 2020 2019 PPS Insurance R'm R'm Total investment income allocation 343 368 PPS Sickness and Permanent Incapacity Benefit 183 526 Hospital benefits 11 36 PPS Provider 212 427 Bonus allocation for PPS Investments' portfolios and products 20 15 Bonus allocation for PPS Medical Aid products 29 42 PPS Rewards scheme bonus allocation – 0.03 Bonus allocation for PPS Short-term products 4 – Profit-Share Cross-Holdings Booster allocation 37 – BEE allocation 1 1 Total profit allocation 497 1 047 Total allocated 840 1 415 2020 2019 PPS Namibia N$'m N$'m Total investment income allocation 17 22 PPS Sickness and Permanent Incapacity Benefit 41 55 Hospital Benefits 3 5 Broadening Mutuality Products – percentage of premium 2 0.4 Sickness and Permanent Incapacity 2 2 PPS Retirement Annuity 0.1 0.2 Total profit allocation 48 62 Total allocated 65 84 ALLOCATION TO SPECIAL BENEFIT ACCOUNTS The following investment allocations for 2020* were made to the Special Benefit Accounts: 2020 2019 PPS Insurance R'm R'm PPS BEE investment income gains 4 11 Investment income and gains 1 148 2 550 PPS Vested Profit-Share 64 64 Total allocated 1 216 2 625 2020 2019 PPS Namibia N$'m N$'m Total allocated 94 122 * Investment return allocated to policyholders’ Special Benefit Accounts as a percentage of the PPS Profit-Share Account at the beginning of the year. PPS INTEGRATED REPORT 2020 | 115