BLACK ECONOMIC EMPOWERMENT

FFS subscribes to the need to actively promote the empowerment of the previously disadvantaged and to assist in bringing them into the mainstream economy. With this in mind a BEE policy has been drawn up and implemented. The Company’s efforts have been directed in three main areas.

·Ownership: With the assistance of our bankers, Standard Corporate & Investment Bank, a 25,1% direct shareholding was sold to a qualifying Black-owned company, Calulo Petrochemicals (Pty) Ltd, effective as from March 2007. (See details below)

·Procurement: A continuous drive to foster and promote BEE supply companies. All our suppliers are encouraged to download our BEE assessment form, fill in the details and submit the completed form to us at ffs@ffs.co.za. Companies meeting the criteria of a BEE status can then apply for special consideration. (See box below for assessment form)

·Enterprise Development: The mentoring and transfer of skills to Black-owned enterprises with favourable finance terms to assist in their growth and viability. (See details below)

FFS Refiners are a Level 5 BEE contributor. Our Black Economic Empowerment Rating and our Black Empowerment Policy can be viewed and or downloaded from our website by clicking on the relevant box below:

Bee Rating Certificate 2009

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FFS Broad-Based Black Economic Empowerment Policy

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FFS Black Economic Empowerment Assessment Form

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BEE OWNERSHIP

Calulo Petrochemicals, in a major empowerment deal, purchased 25,1% of FFS Refiners (Pty) Ltd shares. This transaction was funded by Standard Corporate & Investment Bank.

Calulo Petrochemicals is a subsidiary of Calulo Investments which was founded in 1999 by Mkhuseli Faku and Mpho Diale. This Black-owned investment group has significant investments that are predominantly in the petro-chemical sector.

Both Mr. Faku and Mr. Diale have been appointed to the FFS board of Directors.

This deal has enabled FFS to meet the requirements of the Broad-Based Black Economic Empowerment Code of Good Practice Act 53 of 2003.

AT THE SIGNING CEREMONY

BACK: Don Cochran — FFS Financial Director,

William Kieser — Calulo Group Exec. Director (Petrochemicals)

and Petrus Scholtz - FFS General Manager Marketing & Supply.

FRONT: Don Hunter — MD of FFS and Mpho Diale Group CEO of Calulo

Don Hunter, MD of FFS and Tony Hurter, FFS Chairman,
with Mpho Diale, Group CEO of Calulo after negotiating the empowerment deal.

ENTERPRISE DEVELOPMENT

Nkosi Energy (Pty) Ltd was established in 2006 in the Western Cape. WAB Investments, owned by Franklin Lakay, Leon de Jongh and Luvo Tyandela, wished to enter the industrial fuel oil market and FFS assisted them in several ways. A supply agreement was signed whereby FFS would purchase certain oil products from Nkosi Energy in a manner that would not require any working capital from them. FFS also provided offices for Nkosi and transferred the necessary technical skills to enable effective technical marketing of industrial heating fuels.