1. Year : 2007 Q1 - Q4 Year : 2008 Q1 - Q4 Year : 2009 Q1 - Q4 Year : 2010 Q1 - Q4 Year : 2011 Q1 - Q4 Issue date: June 2012 Bulletin No.49 This bulletin should not be copied to any party other than to members of the contributor companies. Core Group Statistics Quarter 3 and 4 2011 Full Bulletin S A Paint Manufacturing Association Core Group Statistics

2. South African Paint Manufacturers Association Financial Statistics: Year 2006 2006 Sales RevenueQ1Q2Q3Q4Total Year Decorative507,916,004521,803,112642,562,142753,259,4852,425,540,743 Automotive (OE)113,159,924112,954,676128,574,546130,013,567484,702,713 Automotive Refinish67,899,72581,801,77080,767,25175,143,988305,612,734 HDC29,269,60028,341,91832,332,02030,988,901120,932,439 General Industrial134,778,284131,938,618145,642,932143,865,433556,225,267 Export23,547,78025,513,89333,236,25934,365,757116,663,689 Solvents45,288,04945,203,00748,883,42850,239,423189,613,907 Total921,859,366947,556,9941,111,998,5781,217,876,5544,199,291,492 2006 Litre Sales Decorative26,648,05326,264,15732,942,11536,791,864122,646,189 Automotive (OE)2,039,5092,092,0862,827,3652,588,0339,546,993 Automotive Refinish1,334,9861,526,4281,423,0671,238,6575,523,138 HDC660,471640,730711,521679,0772,691,799 General Industrial7,170,3776,391,8927,409,6347,284,44628,256,349 Export1,597,3581,480,8342,167,7762,023,6697,269,637 Solvents6,515,3076,356,0216,394,8116,261,64725,527,786 Total45,966,06144,752,14853,876,28956,867,393201,461,891 Employees3,9303,9343,9454,1083,979 Manpower Costs138,972,756141,440,635150,996,340162,322,881593,732,612

3. South African Paint Manufacturers Association Financial Statistics: Year 2007 2007 Sales Revenue Revised Q1Q2Q3Q4Total Year Decorative592,096,346614,638,175738,399,080759,034,9702,704,168,571 Automotive (OE)143,786,286149,739,586143,906,600136,591,863574,024,335 Automotive Refinish91,574,112104,479,96596,326,152109,608,188401,988,417 HDC35,563,19734,783,08727,972,20542,805,785141,124,274 General Industrial145,583,388143,926,187152,260,829148,400,245590,170,649 Export31,216,69735,384,92540,758,87037,929,927145,290,419 Solvents49,633,62755,632,26953,997,18850,121,273209,384,357 Total1,089,453,6531,138,584,1941,253,620,9241,284,492,2514,766,151,022 2007 Litre Sales Decorative28,174,34129,316,59234,342,47734,464,671126,298,081 Automotive (OE)2,733,9173,217,4783,094,3042,888,47611,934,175 Automotive Refinish1,533,2901,761,9791,538,1741,744,9486,578,391 HDC733,066972,373760,408818,3053,284,152 General Industrial6,769,9277,435,0717,307,6846,859,08528,371,767 Export1,845,2892,107,3752,280,9012,129,9958,363,560 Solvents6,001,1805,995,7445,865,4705,217,42123,079,815 Total47,791,01050,806,61255,189,41854,122,901207,909,941 Employees3,9824,0104,0364,1094,034 Manpower Costs155,073,470156,711,067162,620178165,460,599639,865,314

4. South African Paint Manufacturers Association Financial Statistics: Year 2008 2008 Sales RevenueQ1Q2Q3Q4Total Year Decorative621,621,431647,404,511813,774,677807,277,4092,890,078,028 Automotive (OE)140,331,715147,904,394150,061,014120,321,517558,618,640 Automotive Refinish99,127,176110,750,037108,520,243115,153,024433,550,480 HDC30,352,05251,440,40845,575,68148,683,063176,051,204 General Industrial158,285,024165,898,083182,422,147174,140,765680,746,019 Export44,913,83649,297,79261,700,02859,428,650215,340,306 Solvents62,388,49865,670,68370,684,64669,736,208268,480,035 Total1,157,019,7321,238,365,9081,432,738,4361,394,740,6365,222,864,712 2008 Litre Sales Decorative27,279,33327,887,92832,807,74731,108,637119,083,645 Automotive (OE)2,927,4852,857,8882,840,1782,338,18210,963,733 Automotive Refinish1,589,9611,659,5181,563,4301,577,3176,390,226 HDC670,676886,149920,249727,0793,204,153 General Industrial7,799,6907,092,0566,874,4656,719,35428,485,565 Export2,312,2622,702,6242,846,1412,669,70210,530,729 Solvents5,577,0515,555,3795,391,7415,297,24021,821,411 Total48,156,45848,641,54253,243,95150,437,511200,479,462 Employees4,1974,3134,1904,1924,223 Manpower Costs241,909,474246,320,981233,016,297260,615,750981,862,502

5. South African Paint Manufacturers Association Financial Statistics: Year 2009 2009 Sales RevenueQ1Q2Q3Q4Total Year Decorative614,663,654607,913,047734,609,129821,479,7132,778,665,543 HDC44,586,42846,015,60842,290,08142,795,446175,687,563 General Industrial141,045,853132,249,225144,980,715139,343,572557,619,365 Export61,037,69566,540,10971,439,10471,825,311270,842,219 Solvents56,004,24940,520,89941,680,95840,754,924178,961,030 Total917,337,879893,238,8881,034,999,9871,116,198,9663,961,775,720 2009 Litre Sales Decorative23,426,25824,687,26127,847,80230,642,954106,604,275 HDC679,942738,284736,203640,8792,795,308 General Industrial5,113,8754,987,5565,526,0355,326,63120,954,097 Export2,468,9812,560,0813,129,9432,800,63410,959,639 Solvents4,498,8243,908,0784,046,2333,916,06316,369,198 Total36,187,88036,881,26041,286,21643,327,161157,682,517 Employees3,7823,5803,3363,3153,503 Manpower Costs166,605,729140,586,615147,511,976150,466,499605,170,819

6. South African Paint Manufacturers Association Financial Statistics: Year 2010 2010 Sales RevenueQ1Q2Q3Q4Total Year Decorative657,415,478652,375,553796,747,983827,008,2072,933,547,221 HDC39,177,40050,199,68247,431,68647,375,254184,184,022 General Industrial130,353,766131,460,949139,609,718138,062,378539,486,811 Export56,790,95961,590,77677,944,22563,178,116259,504,076 Solvents37,848,89940,240,64742,240,30042,530,357162,860,203 Total921,586,502935,867,6071,103,973,9121,118,154,3124,079,582,333 2010 Litre Sales Decorative24,374,86024,319,64429,422,65230,190,896108,308,052 HDC683,594840,369809,028762,3483,095,339 General Industrial5,097,0155,149,4505,447,0235,463,01321,156,501 Export2,655,5822,927,9723,532,4952,738,78911,854,838 Solvents3,887,9373,940,7964,094,7684,267,31916,190,820 Total36,698,98837,178,23143,305,96643,422,365160,605,550 Employees3,2883,3313,0662,8213,127 Manpower Costs152,517,627156,143,658152,768,279187,303,538648,733,102

7. South African Paint Manufacturers Association Financial Statistics: Year 2011 2011 Sales RevenueQ1Q2Q3Q4Total Year Decorative692,038,393664,337,457871,265,419951,305,3763,178,946,645 HDC53,120,09545,121,95448,513,30155,722,443202,477,793 General Industrial134,179,983130,330,602158,640,621167,352,592590,503,798 Export71,230,43164,263,33079,718,80482,379,967297,592,532 Solvents45,381,69745,073,87653,325,08953,099,078196,879,740 Total995,950,599949,127,2191,211,463,2341,309,859,4564,466,400,508 2011 Litre Sales Decorative24,236,13523,337,09430,744,86933,346,272111,664,370 HDC831,282750,917807,293816,2063,205,698 General Industrial5,287,3094,772,3735,941,6655,750,06221,751,409 Export3,292,6212,755,5283,257,5243,380,07712,685,750 Solvents4,320,2944,446,7035,073,1485,006,27618,846,421 Total37,967,64136,062,61545,824,49948,298,893168,153,648 Employees3,1213,1653,2353,1723,173 Manpower Costs154,939,330170,302,223175,227,103208,848,003709,316,659

8. SAPMA MARKET SEGMENTATION HISTORY SALES REVENUE

9. SAPMA MARKET SEGMENTATION HISTORY VOLUMES (Litres) Export 7.5% Export 3.5% Export 5% Export 7.5%

10. S A P M A MARKET SEGMENTATION QUARTER 4 2011 Export 7% NOTE TO THE USER: DOUBLE CLICK ON GRAPHS TO GO TO DATA SHEET

11. SAPMA TOTAL INDUSTRY: VOLUMES (Litres) – 2011 STARTING POINT 2007

12. SAPMA TOTAL INDUSTRY: SALES REVENUE 2011 STARTING POINT 2007

13. SAPMA AVERAGE SELLING PRICES PER QUARTER 200920102011 CATEGORYQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Decorative 26.2424.6226.3826.8126.9726.8327.0827.3928.5528.4728.3428.53 Automotive 000000000000 Auto. Refinish 000000000000 HDC 65.5762.3357.4466.7857.3159.7458.6362.1463.9060.09 68.27 General Industry 27.5826.5226.2426.1625.5725.5325.6325.2725.3827.3126.7029.10 Export 24.7225.9922.8225.6521.3921.0422.0623.0721.6323.3224.4724.37 Solvents 12.4510.3710.3010.419.7310.2110.329.9710.5010.1410.5110.61 Total 25.3524.2225.0725.7625.1125.1725.4925.7526.2326.3226.4427.12 Average Selling Prices Per Quarter

14. Average Selling Prices Y.T.D AVERAGE SELLING PRICES CATEGORYYEAR 2006 YEAR 2007 YEAR 2008 YEAR 2009 YEAR 2010 YEAR 2011 Decorative19.7821.4124.2726.0727.09 28.47 Automotive50.7748.1050.9500 0 Auto. Refinish55.3361.1167.8500 0 HDC44.9342.9754.9462.8559.50 63.16 General Industry19.6820.8023.9026.6125.50 27.15 Export16.0517.3720.4524.7121.89 23.46 Solvents7.439.0712.3010.9310.06 10.45 Total20.8422.9226.0525.1325.40 26.56

15. S A P M A TOTAL VOLUMES BY QUARTER Y.T.D STARTING POINT 2007

16. S A P M A TOTAL SALES REVENUE BY QUARTER Y.T.D STARTING POINT 2007

17. S A P M A INDUSTRY % CHANGE Q4 2011 vs Q4 2010

18. S A P M A INDUSTRY % CHANGE Q4 2011 vs Q3 2011

19. S A P M A TOTAL INDUSTRY: PROFIT GAIN/LOSS ACTUAL ASP vs ASP ESCALATED AT INFLATION RATE OF 6% (STARTING POINT 2007 )

20. S A P M A DECORATIVE SALES REVENUE BY QUARTER STARTING POINT 2007

21. S A P M A DECORATIVE LITRES BY QUARTER STARTING POINT 2007

22. S A P M A DECORATIVE % CHANGE Q4 2011 vs Q4 2010

23. S A P M A DECORATIVE % CHANGE Q4 2011 vs Q3 2011

24. S A P M A DECORATIVE: PROFIT GAIN/LOSS ACTUAL ASP vs ASP ESCALATED AT INFLATION RATE OF 6% (STARTING POINT 2007)

25. S A P M A H D C: RAND SALES REVENUE BY QUARTER STARTING POINT 2007

26. S A P M A H D C: LITRES BY QUARTER STARTING POINT 2007

27. S A P M A H D C % CHANGE: Q4 2011 vs Q4 2010

28. S A P M A H D C % CHANGE: Q4 2011 vs Q3 2011

29. S A P M A H D C: PROFIT GAIN/LOSS ACTUAL ASP vs ASP ESCALATED AT INFLATION RATE AT 6% (STARTING POINT 2007)

30. S A P M A GEN INDUSTRIAL: SALES REVENUE BY QUARTER STARTING POINT 2007

31. S A P M A GEN INDUSTRIAL: LITRES BY QUARTER STARTING POINT 2007

32. S A P M A GEN INDUSTRIAL % CHANGE Q4 2011 vs Q4 2010

33. S A P M A GEN INDUSTRIAL % CHANGE Q4 2011 vs Q3 2011

34. S A P M A GEN INDUSTRIAL: PROFIT GAIN/LOSS ACTUAL ASP vs ASP ESCALATED AT INFLATION RATE AT 6% (STARTING POINT 2007)

35. S A P M A EXPORT: SALES REVENUE BY QUARTER STARTING POINT 2007

36. S A P M A EXPORTS: LITRES BY QUARTER STARTING POINT 2007

37. S A P M A EXPORT % CHANGE Q4 2011 vs Q4 2010

38. S A P M A EXPORT % CHANGE Q4 2011 vs Q3 2011

39. S A P M A EXPORT: PROFIT GAIN/LOSS ACTUAL ASP vs ASP ESCALATED AT INFLATION RATE AT 6% (STARTING POINT 2007)

40. S A P M A SOLVENTS: SALES REVENUE BY QUARTER STARTING POINT 2007

41. S A P M A SOLVENTS: LITRES BY QUARTER STARTING POINT 2007

42. S A P M A SOLVENTS % CHANGE - Q4 2011 vs Q4 2010

43. S A P M A SOLVENTS % CHANGE - Q4 2011 vs Q3 2011

44. S A P M A SOLVENTS: PROFIT GAIN/LOSS ACTUAL ASP vs ASP ESCALATED AT INFLATION RATE AT 6% (STARTING POINT 2007)

45. S A P M A LITRES PER EMPLOYEE STARTING POINT 2007

46. S A P M A MANPOWER COSTS PER EMPLOYEE PER QUARTER STARTING POINT 2007

47. S A P M A MANPOWER COSTS PER LITRE STARTING POINT 2007

48. S A P M A MANPOWER COSTS PER RAND SALES STARTING POINT 2007