01 THE PRESCIENT STAFF SHARE SCHEME

In 2018, Prescient launched a staff share scheme in which strategic staff subscribed for a 16% equity stake in Prescient Holdings (Pty) Ltd, bolstering our employee value proposition.

In 2023, following the dilution by Stellar Capital Partner’s (Pty) Ltd of economic interest in Prescient Empowerment Trust (Pty) Ltd, our staff have taken up an additional 7.8% shareholding, now owning one quarter of our business.

We continue to recognise the importance of human capital in building a sustainable business. Our people are the foundation on which our business is built, and our ownership scheme includes strategic management as equity partners in the business.

We believe that the staff share scheme is essential for optimum retention of management and ensures equitable outcomes for all our stakeholders by aligning the success of our clients with that of our staff. The ownership scheme also extends the group's long tradition of innovation and entrepreneurship.

02 SITHEGA HOLDINGS

Sithega Holdings (Pty) Ltd is a black-owned and black-run investment holding company. Sithega focuses on asset management, life insurance and short-term insurance and has a team with a proven record of accomplishment and experience in the South African financial services industry.

Sithega is led by Thabo Dloti, a well-respected executive boasting 25+ years’ experience in asset management and insurance businesses. Following the dilution of shareholding by Stellar Capital Partners, our strategic BEE partner Sithega’s economic interest in the business has increased to 36%, bringing black ownership, in terms of the BEE codes, to approximately 69%.

www.sithega.co.za

03 PRESCIENT FOUNDATION

Prescient Foundation NPC was established in 2005 and is incorporated as an approved Non-Profit Company (Reg. number 2004/034082/08) as defined in the Companies Act. The Foundation is registered as a Public Benefit Organisation (PBO no 930022417). The Foundation complies with the requirements of a Broad-Based Ownership Scheme as set out in Code 100 of the Department of Trade and Industry’s Broad Based Black Economic Empowerment Codes of Good Practice under the Broad-Based Black Economic Empowerment Act.

The Prescient Group directs its commitment to sustainable development through the Prescient Foundation. All programmes supported by the Foundation reinforce the Group’s corporate philosophy of embracing the mutually reinforcing values of commercial success and empowerment.

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