Acquisition of investments

Increase in ownership interest in subsidiaries as a result of non-controlling interest transactions

The Group had a marginal increase in its interest in Little Company of Mary Trust.

Acquisition of shareholding in Max Healthcare Institute Limited, India (Max Healthcare)

On 23 January 2012, the Group acquired a 26% shareholding in Max Healthcare for a cash investment of R823 million. This is funded through a long-term finance agreement of R820 million.

Decrease of ownership interest in subsidiaries as a result of non-controlling interest transactions

The Group disposed of a marginal percentage of its holding in a subsidiary company to a non-controlling interest, maintaining control.