Our track record

(including RMI Holdings for 2011)

Dividend PER SHARE [cents]

Share price HISTORY [cents]

Normalised EARNINGS PER SHARE [cents]

Annual compound GROWTH

(including RMI Holdings)
Per share	Since listing in 1993	10 years	5 years	3 years	1 year
Dividend	24%	16%	7%	4%	27%
Share price (closing)	20%	12%	10%	23%	25%
Total shareholder
return	26%	17%	15%	29%	33%

Against an earnings background that showed significant volatility in recent years, investors in RMBH and RMI Holdings have benefited from strong investment outcomes both in capital growth and dividend returns over most time horizons.

SOURCES of income by business area

FirstRand's well-diversified income stream is drawn from the full spectrum of banking services and is predominantly sourced from Southern Africa. RMBH's proportional interest therein may be extrapolated as follows:

Normalised earnings sources

RMBH's attributable share of normalised earnings was derived from the following business areas:

	2011 R million	2010 R million	% change
FirstRand
FNB - South Africa	5 022	4 276	17
FNB Africa	540	455	19
RMB	3 610	3 316	9
WesBank	1 862	953	95
FirstRand Corporate Centre
(including preference dividend payments)	(917)	(717)	28
Normalised earnings from continuing operations	10 117	8 283	22
Attributable to RMBH	3 201	2 494	28
Funding cost	(110)	(86)	28
Normalised earnings from continuing operations	3 091	2 408	28