1. RC&C FINANCE COMPANY 31 July 2008 Mike Purnell

2. RC&C FINANCE Who is RC&C Finance? Business Model Risk Management Funding Base Analysis Relevant Statistics The Future

3. RC&C FINANCE The in-house asset finance company for the Reunert group Specialise in office equipment for corporate customers Nashua Panasonic Various others suppliers Only Rental agreements are financed We advance funds against a future income stream

4. MISSION STATEMENT “ Creating wealth for all through innovative finance and service excellence.” VALUES Respect Integrity Personal Development Ownership Passion Communication

5. KEY SUCCESS FACTORS Competitive rates Best turnaround times Service Excellence One on one relationships

6. BASE ANALYSIS SPLIT BY CUSTOMER Nashua76% Panasonic 9% Other 15%

7. BBBEE CERTIFICATION Rating: “Non BEE-Limited Contribution” Re-Rating in November 2008 Investment in Staff Development Development of “Black Management” Investment in Corporate Social Investment via Nashua Franchises

8. COMPETITION ABSA Technology Finance (Union) Sasfin Technofin Nefco Fintech Itec Finance Custom capital

9. BUSINESS MODEL Nashua Finance Quince Asset Rentals

10. NASHUA FINANCE Existing Model Bill to franchise Franchise collects rentals as an agent Recourse risk taken by the franchise Best rates available Perform regular franchise reviews For Nashua and some Panasonic

11. QUINCE ASSET RENTALS Bill Direct to end user We collect directly Finance company takes the credit risk Rates competitive with opposition product No franchise review procedure necessary Panasonic, Siemens, Brokers and other OA Dealers

12. QUINCE ASSET RENTALS Started October 2006 AS Direct Billing Division Rebranded Quince in 2007 under JV Aggressive growth in 2007 Bad debts high in current year – Over 3% of book Breakeven division currently

13. RISK MANAGEMENT New computerised vetting system System scores deals Executive review of overrides Pricing verifications Voice recording confirmations Quality control prior to payout EFT debit orders on each deal Ongoing analysis of bad debts against base Monthly credit committee reviews

14. RISK MANAGEMENT New computerised vetting system Web based, real time front end Balanced Scorecard Management/Exception reports daily Customer facility limits Deal status tracking

15. STATISTICS - CREDIT Credit Vet average 3,165 applications pm Approval ratio Nashua Finance 67% Quince 27% Discount average 2,038 contracts. Turnaround times Average 8h30 Existing users3h36 New users11h03

16. FUNDING Conduit Securitisation Bank overnight facilities Shareholder overnight facilities Fixed rate deals backed by Swaps Swaps matched to the expected life of the deal

17. INTEREST RATES Margins are managed General Cut backs expected in volumes Rand Devaluation – Increased values per deal ?

18. BASE ANALYSIS - CUSTOMERS Approx’ 13,000 end users Largest end user 1.4% of total base Top 50 end users 19% of total base Top 50 Geographically spread throughout SA ( mainly Gauteng and Western Cape)

19. BASE ANALYSIS NashuaQuinceTotal Value (R’000s)1,416,561428,1751,844,735 Average Deal Age 34 months28 months32 months

20. BASE ANALYSIS (CONT’D) Fixed Rentals67% Linked to Prime Rentals33% Total Contracts65,000

21. STATISTICS - RATIOS 20032004200520062007 Return on Equity5%52%49%57%49% Cost to Revenue18%9%11% Return on Assets0%10%3% 7% Bad Debts -QAR 0.9%0% (1%)

22. THANK YOU