1. Presentation to Parliamentary Portfolio Committee 7 November 2007 Morake Abiel Mngomezulu Chief Executive Officer

2. Sources of Information  Mintek Annual Report  Audited Financial Statements  Shareholder Performance Agreement  Independent performance assessment conducted by 3P Consulting (Pty) Ltd

4. Highlights - Year ended March 2007  Total income up 12% to R320,1 million  Auditor-General expressed an unqualified audit opinion on Mintek’s annual financial statements  Independence Platinum funding a 3-year program to commercialise ConRoast technology  Increase in service work for PGM, uranium, and copper- nickel-cobalt projects in Southern Africa  Established a further 8 Jewellery workshop bringing them to a total of 25

5. Theft and fraudulent costs  R2.7 million loss as a result of fraudulent payments made by two former employees  Independent forensic audit conducted, criminal proceedings instituted  Monitoring controls not always adhered to  Mitigating actions implemented to prevent and/or detect similar occurrences

6. Financial summary R million 20072006 Income320.1285.3 Core Funding104.195.5 Earmarked funding24.59.1 Own income191.5180.7 Expenditure317.1281.2 Staff costs185.0169.2 Overheads & operating costs132.1112.0 Surplus3.04.1

7. Balanced Scorecard Approach To succeed financially, how should we appear to our shareholders? Financial - 1 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 To achieve our vision, how will we sustain our ability to change & improve? Learning & Growth - 3 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 To achieve our vision, how should we appear to our customers? Customer - 2 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 To satisfy our shareholders & customers, what business processes must we excel at? Internal Bus Process - 4 Objective Actual 2005/6 Target 2006/7 Actual 2006/7

8. Financial Perspective - 1 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 Financial Sustainability Parliamentary grant R95.5mR104.1m Earmarked funding R9.1mR11.4mR24.5m External contract funding R152.8mR166.0mR168.9m Total Income R285.3mR297.8mR320.1m Overhead efficiency Ratio of overhead cost to total cost 37.6%41.3%41.6% Ratio of salaries to total expenditure 60.5%56.7%58.4% Governance and Controls Qualifications by AG in AFS200 Value of fraudulent paymentsR0m R2.7m

9. Customer Perspective - 2 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 Fulfil Mintek - Shareholder mandate Expenditure on core R&D activity R95.5mR73.0mR104.1m Export of Mintek’s mineral technologies #R6.0mR17.5m Projects supporting the SADC and NEPAD R3.4mR2.8mR4.9m Projects on ASSM and rural development R6.1mR18.4mR17.7m Number of ASSM and jewellery trainees 11551200927 Develop gold jewellery nodes 202520 Meet clients expectations Customer dissatisfaction index 9%<10%13% #: Comparative data not available

10. Learning and Growth Perspective - 3 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 Scientific Output Total scientific documents 421360301 Documents per person-year 1.011.000.97 Strategic alliances with other S&T bodies 5711 Projects with external collaborators 152023 HR Development Masters and PhD researchers 627088 Postgraduate bursars 535041 Undergraduate bursars 384037 Trainees and Interns 50 44 Knowledge Retention Professional staff turnover #20%22% #: Comparative data not available

11. Internal Business Process Perspective - 4 Objective Actual 2005/6 Target 2006/7 Actual 2006/7 Quality, Environment, Safety, & Health ISO 9001, 14001, OHSAS 18001 certification Work related fatalities 000 Lost time injury frequency rate 1.7<1.51.9 Incidents of environmental non- compliance 000 Transformation % Black researchers & managers 37%40% % Woman researchers & managers 35%31% % Black trainees & interns #98% % Female trainees & interns #52%59% % Disabled employees 1.2%1.0% % BEE Procurement Spend #18%17%

12. Mintek Bursars

13. Thank you 200 Malibongwe Drive Randburg www.mintek.co.za Telephone: +2711 709 4111 THANK YOU