Terra witnessed a fall of 1.0% (2019: -9.1%) in its share price to
close at MUR 19.80 at the end of December 2020, and the price
swung between MUR 16.50 and MUR 21.00 during the course
of the year under review. Total volume traded on the Stock
Exchange stood at 5.2 million shares (8.2 million in 2019) for
a share turnover ratio of 2.31% (Market average: 3.41%). Total
value traded amounted to MUR 101.5 million (Volume Weighted
Average Price: MUR 19.33). Foreigners were net sellers to the
tune of MUR 13.2 million (2019: MUR 4.4 million).

We certify that, to the best of our knowledge and belief, Terra Mauricia Ltd has filed with the Registrar of Companies all such returns as are required under the Companies Act 2001.

Name of Public Interest Entity: TERRA Mauricia Ltd (The Company)
Reporting period: 1 January to 31 December 2020
We, the directors of TERRA Mauricia Ltd, confirm that, to the best of our knowledge, the Company has complied with all of its obligations and requirements under the Code of Corporate Governance.

Directors acknowledge their responsibilities for:

i. Adequate accounting records and maintenance of effective internal control systems;
ii. The preparation of consolidated and separate financial statements which fairly present the state of affairs of the Company as at the end of the financial year and the results of its operations and cash flows for that period and which comply with the International Financial Reporting Standards (IFRS), the Companies Act and the Financial Reporting Act;
iii. The selection of appropriate accounting policies supported by reasonable and prudent judgements and estimates.

DIRECTORS

Names

The names of the directors of Terra Mauricia Ltd at 31 December 2020 are given on pages 84 and 85 of this report. In addition, a list of directors of subsidiary companies at the same date appears on page 240.

Service Ccontracts

Three executive directors, namely Messrs Nicolas Maigrot, Alexis Harel and Henri Harel have at present service contracts without expiry dates with group companies. Other than for the above-mentioned executive directors, none of the directors proposed for election or reelection at the forthcoming Annual Meeting of shareholders have service contracts with the Company or the Group.