Consolidated Statement of Changes in Equity

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars)

FINANCIALS 2021

ANSA McAL LIMITED AND ITS SUBSIDIARIES

Attributable to equity holders of the parent

ANSA McAL LIMITED AND ITS SUBSIDIARIESANSA McAL LIMITED AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars)

Stated Other TreasuryCONSOLIDATED STATEMENT OF CHANGES IN EQUITY NonFOR THE YEAR ENDED 31 DECEMBER 2021CONSOLIDATED STATEMENT OF CHANGES IN EQUITY capital reserves shares Retained controlling Total Year ended 31 December 2021 (Expressed in Thousands of Trinidad and Tobago dollars)FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars) (Note 17) (Note 17) (Note 17) earnings Total interests equity

Balance at 1 January 2021

175,566 410,290 (38,674) 7,417,024 7,964,206 0 1,002,545

Profit for the year

Attributable – Attributable to equity holderto equity holders of the parent – s of the parent – 594,774 594,774 102,334 Other comprehensive income/(loss) for the year – (2,250) Stated Other TreasuryStated Other Treasury – 91,884 Non-Non- 89,634 11,903 Transfers and other movements

– (27,353) capital reserves shares Retainedcapital reserves shares Retained 9,618 (71,694) (89,429) controlling Totalcontrolling Total (4,014)

Net movement in unallocated ESOP shares Year ended 31 December 2021Year ended 31 December 2021 – – 11,092 – 11,092 (Note 17) (Note 17) (Note 17) earnings Total interests equity(Note 17) (Note 17) (Note 17) earnings Total interests equity

Dividends (Note 29) Balance at 1 January 2021Balance at 1 January 2021

Profit for the year Dividends of subsidiaries Profit for the year

Other comprehensive income/(loss) for the yearOther comprehensive income/(loss) for the year Balance at 31 December 2021 Transfers and other movementsTransfers and other movements Net movement in unallocated ESOP sharesNet movement in unallocated ESOP shares Dividends (Note 29)Dividends (Note 29) Dividends of subsidiariesDividends of subsidiaries 175,566 175,566 410,290 410,290 (38,674) – (38,674) 7,417,024 –7,417,024 7,964,206 0 – (310,063) 07,964,206 1,002,545 01,002,545 8,966,751 (310,063) 8,966,751 0 – – – – –– – 594,774 – 594,774 594,774 – 594,774 102,334 – 102,334 697,108 – (37,137) 697,108 – (2,250) – (2,250) – 91,884 – 91,884 89,634 89,634 11,903 11,903 101,537 101,537 – (27,353) 175,566 380,687 (17,964) 7,721,925 – (27,353) 9,618 (71,694) (89,429) (4,014) 9,618 (71,694) (89,429) (4,014) (93,443) 8,260,214 (93,443) 1,075,631 – – – 11,092 – 11,092 – 11,092 – 11,092 – 11,092 – 11,092

– – – – – (310,063) – (310,063) (310,063) (310,063) – (310,063) – (310,063)

– – – – – – – – – (37,137) – (37,137) (37,137) (37,137)

Balance at 31 December 2021Balance at 31 December 2021

175,566 175,566 380,687 380,687 (17,964) (17,964) 7,721,925 7,721,925 8,260,214 8,260,214 1,075,631 1,075,631 9,335,845 9,335,845

175,566 (17,964) 7,721,925 1,075,631

The accompanying notes form an integral part of these consolidated financial statements. 175,566 (17,964) 7,721,925 175,566 (17,964) 7,721,925 1,075,631 1,075,631 9,335,845 9,335,845

The accompanying notes form an integral part of these consolidated financial statements.The accompanying notes form an integral part of these consolidated financial statements.

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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars)

FINANCIALS 2021

ANSA McAL LIMITED AND ITS SUBSIDIARIES ANSA McAL LIMITED AND ITS SUBSIDIARIESANSA McAL LIMITED AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars) (Continued)

Attributable to equity holders of the parent

Stated Other TreasuryCONSOLIDATED STATEMENT OF CHANGES IN EQUITYCONSOLIDATED STATEMENT OF CHANGES IN EQUITY Year ended 31 December 2021 FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars) FOR THE YEAR ENDED 31 DECEMBER 2021 (Expressed in Thousands of Trinidad and Tobago dollars) (Continued) capital reserves shares Retained (Note 17) (Note 17) (Note 17) earnings Total interests equity (Continued)

Balance at 1 January 2021

175,566 410,290 (38,674) 7,417,024 7,964,206 0

Profit for the year

Attributable – Attributable to equity holderto equity holders of the parent – s of the parent – 594,774 594,774

Stated Other TreasuryStated Other Treasury Non- Non-

Other comprehensive income/(loss) for the yearcapital capitalreserves reservesshares – (2,250) shares RetainedRetained – 91,884 controllingcontrolling Total 89,634 Total Transfers and other movements Year ended 31 December 2020Year ended 31 December 2020 – (27,353) 9,618 (71,694) (89,429) (Note 17) (Note 17) (Note 17) earnings Total interests equity(Note 17) (Note 17) (Note 17) earnings Total interests equity

Net movement in unallocated ESOP shares – – 11,092 – 11,092

Dividends (Note 29) Balance at 1 January 2020Balance at 1 January 2020 Dividends of subsidiaries Profit for the yearProfit for the year Other comprehensive income/(loss) for the yearOther comprehensive income/(loss) for the year Balance at 31 December 2021 Transfers and other movementsTransfers and other movements Net movement in unallocated ESOP sharesNet movement in unallocated ESOP shares 175,566 175,566 378,523 378,523 (19,756) – (19,756) 7,140,310 –7,140,310 7,674,643 – (310,063) 7,674,643 902,768 902,768 8,577,411 (310,063) 8,577,411 – – – – –– – 423,246 – 423,246 423,246 – 423,246 80,572 – 80,572 503,818 – (37,137) 503,818 – 8,825 – 8,825 – (84,158) – (84,158) (75,333) (75,333) (11,118) (11,118) (86,451) (86,451) – 22,942 175,566 380,687 (17,964) 7,721,925 – 22,942 – (36,000) (13,058) 64,893 – (36,000) (13,058) 64,893 51,835 8,260,214 51,835 – – – (18,918) – (18,918) 66 (18,852) – (18,852) 66 (18,852) – (18,852)

Dividends (Note 29)Dividends (Note 29) Dividends of subsidiariesDividends of subsidiaries – – – – (26,440) – (26,440) (26,440) (26,440) – (26,440) – (26,440)

– – – – – – – – (34,570) – (34,570) (34,570) (34,570)

Balance at 31 December 2020Balance at 31 December 2020

175,566 175,566 410,290 410,290 (38,674) (38,674) 7,417,024 7,417,024 7,964,206 7,964,206 1,002,545 1,002,545 8,966,751 8,966,751

175,566 The accompanying notes form an integral part of these consolidated financial statements.The accompanying notes form an integral part of these consolidated financial statements. (17,964) 7,721,925 1,075,631

The accompanying notes form an integral part of these consolidated financial statements.

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