2020 INTEGRATED REPORT

GROUP SOCIAL AND ETHICS COMMITTEE’S REPORT INTRODUCTION The PPS Group Social and Ethics Committee (“GSEC”) is a statutory committee of the PPS Insurance Board established by the Board in terms of section 72(4) of the Companies Act (71 of 2008) (“Companies Act”) and has the functions set out in Regulation 43(5) of the Companies Act. The GSEC is tasked with monitoring specific activities of the PPS Insurance Group as set out below and to advise the PPS Insurance Group Boards in relation to such matters. The GSEC meets at least twice a year. The GSEC is supported in discharging its duties by the Group Remuneration Committee, the Group Risk Committee and the Group Audit Committee. MEMBERS Ms D L T Dondur (Chairman), Independent Non-Executive Director Mrs T Boesch, Group Chief Financial Officer, Executive Director Mr C Erasmus, Independent Non-Executive Director Mr I J Smit, Group Chief Executive Officer, Executive Director FUNCTIONS The GSEC performs all the functions as are necessary to fulfil the following statutory duties: Monitoring the PPS Insurance Group’s activities, having regard to any relevant legislation, other legal requirements or prevailing codes of best practice, with regard to matters relating to: ~ Social and economic development ~ Good corporate citizenship ~ Assessment of the ethical risk profile ~ Labour and employment ~ Consumer relationships ~ The environment, health and public safety ~ The implementation of Treating Customers Fairly regulation ~ Drawing matters within its mandate to the attention of the PPS Insurance Group boards as may be required Reporting, through one of its members, to the members of PPS Insurance at its annual general meeting on the matters within its mandate. The GSEC meetings held during the year and attendance thereat were as follows: Group Social and Ethics Committee 4 Mar 2020 9 Nov 2020 Ms D L T Dondur (Chairman) P P Mrs T Boesch P P Mr C Erasmus P P Mr I J Smit P P 122 | PPS INTEGRATED REPORT 2020