South Africa

Royal Bafokeng Platinum Ltd. is a mineral exploration company. The Company is focused on platinum exploration at its Bafokeng Rasimone mine in South Africa.

African Rainbow Minerals Ltd. is a diversified South African mining company with long-life, low unit cost assets. The Company mines and beneficiates iron ore, manganese ore and alloys, platinum group metals, copper, nickel and coal. ARM also has an investment in gold.

AECI Limited manufactures commercial explosives and accessories, polyvinyl chloride, low density polyethelene, synthetic fibers, industrial chemicals, specialty chemicals and fertilizers.  AECI also operates in the plastics conversion and paint industries.

Afrimat Limited supplies building materials to the building and construction industries.  The Companies products include aggregate stone products, ready-mix concrete, building blocks and bricks, and molded concrete products.

PPC Limited is the holding company for a group of companies which manufacture and distribute cement, lime and limestone products throughout South Africa.  The Group also manufactures and supplies paper sacks and containers for use in the cement and other industries. In addition, PPC has investments in businesses supplying cement based products.

Caledonia Mining Corporation PLC operates a mineral exploration and development company. The Company explores and develops gold and base metal mines, primarily gold. Caledonia Mining owns and operates mines located in Zimbabwe.

Nampak Limited offers packaging across the major packaging substrates of metal, glass, paper and plastic in African countries, and makes plastic bottles in the United Kingdom. The Company participates in collection and recycling initiatives and has a research and development facility that provides technical and product development to its businesses and customers.

ArcelorMittal South Africa Limited is an integrated steel producer. The Company operates steel-producing plants throughout South Africa.  ArcelorMittal produces flat products, long products, and rolled coil.

Bushveld Minerals Limited operates as a vanadium mining and processing company. The Company focuses on developing and promoting the role of vanadium in energy storage market through application in vanadium redox flow batteries. Bushveld Minerals serves customers worldwide.

Sasol Limited produces oil and chemical products. The Company offers products such as automotive lubricants, greases, cleansers, fuels, polymers, and specialty gases. Sasol markets its products worldwide.

Nine Dragons Paper Holdings Limited produces a wide range of containerboard products. The Company primarily produces linerboard, including kraft linerboard, test linerboard, white top linerboard, high performance corrugating medium and coated duplex board.

YFY Inc. manufactures and sells paper pulp and various paper products.

Pabrik Kertas Tjiwi Kimia Tbk operates a pulp and paper factory in East Java which manufactures a range of printing and writing papers, both coated and uncoated. The Company also produces stationery and office products such as notebooks, writing pads, loose leaf, spirals, envelopes, computer forms, gift wraps, inkjet paper, and carbonless paper.

Shandong Chenming Paper Holdings Ltd. manufactures and sells paper products. The Company's products include machine-made paper, paperboard, and paper raw materials.  Shandong Chenming also manufactures papermaking machinery, supplies electricity and heat, as well as sells constructional materials.

Corticeira Amorim, S.G.P.S., S.A. manufactures cork products. The Company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings, and giftware.

Xianhe Co., Ltd. manufactures and distributes paper products. The Company produces and sells decoration, tobacco packaging, printing, and food packaging paper products. Xianhe also provides importing and exporting services.

Lee & Man Paper Manufacturing Limited, through its subsidiaries, produces linerboard and corrugating medium.  The Company's linerboard and corrugating medium are divided into a range of grades with different specifications customized for different industrial and consumer packaging purposes.

Dehua TB New Decoration Material Co., Ltd. manufactures decorative plywood, cabinetwork board, and adhesive bonded panel.

Hokuetsu Corporation is a paper and pulp products producer. The Company produces pulp, printing paper, specialty paper, fiber sheets, paperboard, coatedpaper, and lumber.  Hokuetsu Kishu Paper has an Elemental Chlorine Free bleaching facility for more environmentally friendly processing.

JK Paper Ltd. manufactures and distributes copier paper, color cards, cover papers, plain paper, white and color poster paper, and paper related products.

Sappi Ltd. produces coated fine paper and chemical cellulose. The Company also produces uncoated graphic and business papers, premium quality packaging papers and a range of specialty papers. Sappi has production operations in North America, Europe, and Southern Africa and sells its products internationally.

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