South Africa Page 8 …purely from an integrated reporting perspective, South African reports could credibly claim to be leading the way Europe Page 9 …well developed guidelines and regulation drives a practical, targeted and measured approach to reporting Brazil Page 11 …despite the lack of developed regulations for integrated reporting, Brazilian reports have made great strides Republic of Korea Page 12 China Page 13 …a relatively creative sample group with many companies making efforts to inform readers about their position in the marketplace …Chinese reports are almost entirely financially focused making it very difficult for them to effectively integrate financial and non-financial information India Page 14 …Indian reports look to promise much but then lack in the delivery of these promises www.blacksunplc.com © Black Sun Plc 2011 7