Reconciliation of earnings to headline earnings
for the six months ended 30 September 2021

	Unaudited 30 September 2021		Unaudited 30 September 2021		Audited 31 March 2021
	Rm	Cents per  share	Rm	Cents per  share	Rm	Cents per  share
Profit/(loss) attributable to owners of the parent	843	88.15	(206)	(21.52)	584	61.04
Earnings and diluted earnings	843	88.15	(206)	(21.52)	584	61.04
Change in fair value of investment property (net of allocation to non-controlling interest)	(158)	(16.47)	436	45.55	705	73.72
Remeasurement of right-of-use asset	(3)	(0.29)	–	–	(6)	(0.60)
(Profit)/loss on sale of investment property	(1)	(0.08)	6	0.66	(2)	(0.20)
Loss on sale of investments	–	–	32	3.30	32	3.30
Headline and diluted headline earnings	681	71.31	268	27.99	1 313	137.26
Number of shares in issue	956 226 628		956 226 628		956 226 628
Weighted average number of shares	956 226 628		956 226 628		956 226 628

There are no dilutionary shares in issue.