Emerging EMEA 1: Rolling Naspers back on to the Emerging EMEA 1 list

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Emerging EMEA 1: Rolling Naspers back on to the Emerging EMEA 1 list

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Emerging EMEA 1

Rolling Naspers back on to the Emerging

EMEA 1 list

Naspers is rolled over back on to the Emerging EMEA 1 list 18 May 2026

Emerging Europe

EEMEA 1: Best Stocks to Own in Emerging EMEA

The stocks on our Emerging EMEA 1 List represent top Buy ideas of our respective Robyn Dawson >>

analysts. Every choice must be endorsed by the author and a bespoke committee of ResearchMLI (UK) Analyst

senior analysts. The choices are not meant to mirror our country and sector weightings, +44 20 7996 2521

robyn.dawson@bofa.com

but rather to highlight what we collectively believe are the best individual stocks (for

GEM investors in particular) to own across EEMEA on a 12-month view. Full historical

performance of EEMEA 1 is shown on page 2.

Exhibit 1: Current Emerging 1 list

Rolling Naspers

Exhibit 2: Performance table (US$)

Date Added Performance

Bloomberg to Addition Current

Ticker Name Ticker Analyst Emerging 1 Price Price Currency BofA MSCI

BOX SJ Boxer XAAXF Jacks,Michael 19-Jan-26 72.0 86.52 ZAR Emerging Emerging

FERTIGLB DH Fertiglobe PLC XFTGF Lanka,Sashank 14-Jan-26 2.5 3.37 AED Performance EMEA 1 EMEA

SNB AB Saudi National Bank XBYNF Veselova,Olga 13-Jan-26 42.0 38.6 SAR Period (1) (US$) (US$)

INVP LN Investec XBZGF Botha,Harry 13-Jan-26 580.5 602 GBP 1Mth 7.93% 3.4%

EMIRATES DB Emirates NBD XHGGF Veselova,Olga 13-Jan-26 30.3 27.7 AED

3Mth -1.4% -5.8%

OUT SJ OUTsurance RMRHF Botha,Harry 13-Jan-26 67.06* 69.75 ZAR

YTD 10.5% 2.4% AKBNK TI Akbank XHRAF Taranto,David 03-Feb-25 63.8 70.25 TRY

PKO PW PKO BP PSZKF Taranto,David 03-Feb-25 65.8 97.5 PLN 12Mth 24.6% 20.4%

ARAMCO AB Aramco XHURF Lanka,Sashank 29-Jan-25 27.7* 27.7 SAR 5 years 16.3% 0.5%