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Investment FormClassic Investment PlanA copy of this form must be sent to STANLIB and the Financial Adviser must also retain a complete copy. In terms of the FAIS Act, the Financial Adviser that dealt with the Client must deliver theoriginal to the Client for safe custody.

NEW CASH TRANSFER UNIT TRANSFER

If you have selected 'Unit Transfer', please complete the Transfer form available on our website, www.stanlib.com

CLIENT TYPE

CLIENT TYPES NATURAL PERSON ENTITY

NATURAL PERSON INDIVIDUAL FOREIGNINDIVIDUAL INSOLVENT ESTATE

ENTITY ASSOCIATION NOTFOR GAIN CLUBS CLOSE

CORPORATION CORPORATE: ESTATE /LIQUIDATION

ESTATE LATE FOREIGNCOMPANY INSOLVENT

ESTATE LISTED COMPANY

OTHER COMPANY PARTNERSHIP RETIREMENT FUND (PENSION,PROVIDENT, BENEFIT, RA)

RSA GOVERNMENT SOCIETY STOKVEL MUNICIPALITIES

TRUST UNLISTEDCOMPANY UNINCORPORATED

BODY OF PERSONS PROVINCIALADMINISTRATION

Please note: A FATCA/CRS self-certification form is required for all legal entities. Please refer to www.stanlib.com for the self-certification form.

CLIENT DETAILS: NATURAL PERSON

INVESTMENT PROPOSAL NUMBER

TITLE*

NAME/S*

SURNAME*

ID/PASSPORT NUMBER*

DATE OF BIRTH* - -

D D M M Y Y Y Y

COUNTRY OFBIRTH*

NATIONALITY

PASSPORT EXPIRY DATE* - -

D D M M Y Y Y Y

COUNTRY OFISSUE*

CELLPHONE NUMBER*

TELEPHONE (WORK)

TELEPHONE (HOME)

EMAIL ADDRESS*

SOURCE OF FUNDS*

SOURCE OF INCOME*

COUNTRY OF RESIDENCE*

*Compulsory fields

STALIINV0052017/05HX3193 Please note this form expires on 2017/06/30. Up to date forms are always available on www.stanlib.com

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TAX INFORMATION

ARE YOU A REGISTERED TAX PAYER: YES NO

If Yes, please indicate all countries (including South Africa) in which you are resident for tax purposes and the associated tax identificationnumbers in the table below as mandatory information:

Country(ies) of Tax Residency *Tax Identification Number *

(If you do not have a TIN, please provide reason)

1.

2.

3.

4.

5.

CLIENT DETAILS: OTHER ENTITY TYPES

All partnerships must complete the annexure available on www.stanlib.com and submit the completed form with the application form.A FATCA/CRS self-certification form is required for all legal entities. Please refer to www.stanlib.com for the self-certification form.

INVESTMENT PROPOSAL NUMBER

NAME OF ENTITY*

TRADE NAME*

DATE OF INCEPTION* - -

D D M M Y Y Y Y

REGISTRATION NUMBER*

TAX REFERENCE NUMBER*

*Compulsory fields

CONTACT PERSON REPRESENTING OTHER ENTITY TYPES/ AUTHORISED TO ACT

TITLE

CONTACT NAME AND SURNAME

CELLPHONE NUMBER TELEPHONE

(W)

EMAIL ADDRESS

CLIENT'S PHYSICAL ADDRESS

COMPLEX / UNIT / HOUSE NUMBER

COMPLEX NAME / ESTATE

STREET NUMBER

STREET NAME / FARM NAME / AREANAME*

SUBURB / DISTRICT*

CITY / TOWN*

COUNTRY* CODE*

*Compulsory fields

CLIENT'S POSTAL ADDRESS

SAME AS PHYSICAL ADDRESS

PO BOX NUMBER

POST OFFICE NAME


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POSTAL CODE

PRIVATE BAG NUMBER

POST OFFICE NAME

POSTAL CODE

POSTNET SUITE NUMBER

PRIVATE BAG NUMBER

POST OFFICE NAME

POSTAL CODE

CORRESPONDENCE ADDRESS

If you wish for correspondence to be sent to a different address to your physical or postal address, please complete this sections.

COMPLEX / UNIT / HOUSE NUMBER

COMPLEX NAME / ESTATE

STREET NUMBER

STREET NAME / FARM NAME / AREANAME

SUBURB / DISTRICT

CITY / TOWN

COUNTRY CODE

ADDRESS TYPE PO BOX PRIVATE BAG POSTNET SUITE

POSTNET SUITE NUMBER

NUMBER

POST OFFICE NAME POSTALCODE

CORRESPONDENCE PREFERENCE

All statements, reports and notices will be sent to you via the selected preference indicated below:

ELECTRONIC (EMAIL) HARDCOPY (POSTED)

DIVIDENDS TAX, INTEREST TAX AND REIT

SARS will levy a withholdings a default tax on dividends of 20%, on interest and REIT rate of 15%. If you are an exempt entity or have a reducedrate, please indicate this below and complete the corresponding declaration as an annexure to the application form. The declaration forms areavailable on www.stanlib.com and the default rate will be applied if the annexure is not completed and submitted.

EXEMPT FROM DIVIDENDS TAX REDUCED DIVIDENDS TAX RATE

EXEMPT FROM TAX ON INTEREST REDUCED INTEREST TAX RATE

EXEMPT FROM TAX ON REIT REDUCED REIT TAX RATE

PHASE-IN OPTION (UNIT TRUST PORTFOLIOS ONLY)

Where the Phase-in option has been selected the investment amount will be held in a Standard Bank Call account. The investment amount will bedivided by the frequency selected and the amounts derived will be withdrawn from the call account and invested proportionately in the portfoliosselected on the selected dates. Only available on Lump sum investments, not available for Additional Investments.

NUMBER OF PHASE IN MONTHS 3 6 9 12 15 18 24

FIRST PHASE-IN DATE -

M M Y Y Y Y

COMMENCEMENT DAY 3RD OR 17TH OF THE MONTH

PHASE-IN PERCENTAGE . %


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PHASE-IN PORTFOLIOS

Portfolio NamePortfolio Range

(e.g. Linked Range, Select) Percentage

1. %

2. %

3. %

4. %

5. %

6. %

7. %

8. %

9. %

10. %

11. %

12. %

PLAN DETAILS

The minimum investment amount is R50 000 for the Investment Plan. Please select no more than 12 portfolios and indicate the portfoliorange. Where the Client has chosen a portfolio but the Portfolio Range was left blank, the Linked Range will be applied. If the Portfolio Rangeselected is not offered on the Linked Range, then the Select Portfolio Range will apply. Visit www.stanlib.com for a complete list of our portfolioranges.

TOTAL INVESTMENT AMOUNT R .

INVESTMENT TYPE DIRECT DEPOSIT ONCE OFF DEBIT

MULTIPLE DEPOSITS INVEST AS AND WHEN DEPOSITS ARE RECEIVED

If the option above is not selected, STANLIB will invest total amount once all deposits have been received.

REPURCHASE FROM STANLIB UNITTRUST YES NO STANLIB UNIT TRUST ENTITY

NUMBER

UNIT TRUST PORTFOLIOS


(e.g. Linked Range, Select) Percentage Amount

1. % R

2. % R

3. % R

4. % R

5. % R

6. % R

7. % R

8. % R

9. % R

10. % R

11. % R

12. % R


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STRUCTURED PORTFOLIOS - PROTECTED EQUITY PORTFOLIO RANGE

The Structured portfolio range is offered by Standard Bank and the minimum investment amount is R200 000.

Please note:1. The STANLIB Money Market account is the holding account for the Structured portfolio/s and investment into the Structured Portfolios arescheduled for the last working day of the month.2. Structured Portfolio's are not liquid and STANLIB will allocate enough money in STANLIB Money Market holding Fund to cover the Platform,Financial Adviser charges and income requirements. Charges will be deducted from Money Market holding Fund first and if the funds are notsufficient, charges will be deducted proportionaly across unit trust funds. 3. All of the above charges will be redeemed from the Money Market holding Fund and not the PEPR product. The client agrees that where there areinsufficient funds in the STANLIB Money Market holding Fund, STANLIB is entitled to redeem the appropriate amount needed for liquidity purposesfor all charges and income requirements for the duration of the PEPR Product. These funds redeemed will be transferred to STANLIB Money Marketholding Fund and will firstly come from other unit trust portfolios in the contract, redeemed proportionally and if there is still insufficient funds thenfrom the PEPR Product. Also these charges will be deducted for the duration of the Structured Portfolio.4. Only Financial Service Provider's with FAIS license 1.13 and 1.14 are allowed to sell Structured Portfolios.5. The Structured Portfolio is only available to Standard Bank Financial Consultants.

BANK ACCOUNT DETAILS

Account name: STANLIB Wealth Management Nominees - Classic Investment Plan

Bank: Standard Bank

Branch: 018105 (Sandton)

Account number: 22-0405-328

Reference:

New Investments: Identity/ registration number and contact number Additional contributions: Contract number

DEPOSIT REFERENCE

DEPOSIT AMOUNT R .

DEPOSIT DATE - -

D D M M Y Y Y Y

DEPOSIT REFERENCE E.G. IDNUMBER, CONTRACT NUMBER ETC

DEBIT ORDER DETAILS FOR A ONCE OFF DEBIT

ONCE OFF DEBIT AMOUNT R .

ONCE OFF DEBIT DATE - -

D D M M Y Y Y Y

A maximum of R1 000 000 may be debited from a client's bank account within a 45 day period. I hereby authorise STANLIB Wealth Management(Pty) Limited to arrange with my bank for the payment of the investment amounts as indicated above, including amendments that may be madeduring the life of the investment on the specific day as indicated.Please note: where no debit date is specified on the form, STANLIB will debit the client’s bank account at the next possible debit order run date.

BANKING DETAILS FOR A ONCE OFF DEBIT

BANK

BRANCH BRANCH CODE

ACCOUNT NUMBER

ACCOUNT TYPE CHEQUE SAVINGS TRANSMISSION

ACCOUNT HOLDER'S ID NUMBER

ACCOUNT HOLDER'S NAME

SIGNATURE OF BANK ACCOUNTHOLDER/ AUTHORISED SIGNATORY

Once off debits are not allowed from Call/ notice accounts. If the debit order is funded by a 3rd party (spouse included):* For individuals: Certified copy of the third party’s identity document with a specimen signature.* For entities: Standard Bank – Bank account mandate * Other banks – Letter from the bank confirming signing authority and a certified copy ofidentity document with a specimen signature of the signatory/ies.


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RECURRING DEBIT ORDER DETAILS

Applicable to the Classic Investment Plan and Classic Retirement Annuity plan for Unit Trust portfolios. Not available for Structured Portfolios andPersonal Share Portfolios. The minimum recurring debit order amount is R1 000 per month and R12 000 per annum for a Classic InvestmentPlan. The minimum recurring debit order amount is R500 per month and R6 000 per annum for Retirement Annuity Fund. The total portfolio range isrestricted to a maximum of 12 portfolios including the lump sum portfolios. Where the portfolio range is not selected or left blank, the Linked Rangewill apply. If the portfolio selected is not offered on the Linked Range, then the Select portfolio range will apply. For a complete list of the portfolios,please visit www.stanlib.com.

RECURRING DEBIT ORDER AMOUNT R .

RECURRING DEBIT ORDER FREQUENCY MONTHLY ANNUALLY

DEBIT ORDER DATE 1ST OR 15TH

STARTING MONTH -

M M Y Y Y Y

UNIT TRUST PORTFOLIOS


(e.g. Linked Range, Select) Percentage Amount

1. % R

2. % R

3. % R

4. % R

5. % R

6. % R

7. % R

8. % R

9. % R

10. % R

11. % R

12. % R

ANNUAL CONTRIBUTION INCREASE

Should you wish to increase your recurring debit order automatically each year, please indicate this below:

PERCENTAGE INCREASE PER ANNUM 5% 10% 15% 20%

EFFECTIVE MONTH * -

M M Y Y Y Y

BANKING DETAILS FOR A RECURRING DEBIT ORDER

USE THE SAME BANK DETAILS SPECIFIED FOR THE ONCE OFF DEBIT USE DIFFERENT BANK DETAILS FOR THE RECURRING DEBIT ORDER(COMPLETE THE DETAILS BELOW)

BANK

BRANCH BRANCH CODE

ACCOUNT NUMBER




SIGNATURE OF BANK ACCOUNTHOLDER/ AUTHORISED SIGNATORY


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If the debit order is funded by a 3rd party (spouse included):* For individuals: Certified copy of the third party’s identity document with a specimen signature.* For entities: Standard Bank – Bank account mandate * For Other banks – Letter from the bank confirming signing authority and a certified copy ofidentity document with a specimen signature of the signatory/ies

PORTFOLIO NOMINATION FOR FEE DEDUCTION

STANLIB allows you to select a specific portfolio/s for the deduction of fees. If you have not selected a specific portfolio/s, STANLIB will deductfees from Call accounts and Money Market portfolios first. Thereafter, fees will be deducted proportionately from Unit Trust portfolios, then ModelPortfolios and lastly Personal Share Portfolios.

If a portfolio/s is selected below, all fees will be deducted from this portfolio until the portfolio is depleted. If multiple portfolios are selected, the feeswill be deducted proportionately across these portfolios until the portfolios are depleted. Thereafter the default fee deduction rules will apply.

Portfolio Name

REGULAR INCOME OPTION

The regular income option allows you to invest money in a specific portfolio and then draw funds from that portfolio (or from an existing portfolio) ona regular basis (usually monthly). The minimum amount is R500. The payments you receive are redemptions and not income distributions. Where theregular income option is selected participatory interests will be repurchased from the call account or money market fund. Where the Client does nothave any such funds then the repurchases will be made from the Client’s other investments proportionately.

Regular income transactions are processed on the 20th of the month and payments will be received by the 1st business day of the following month. A complete instruction must be sent to STANLIB 7 days prior to the annuity run, for the regular withdrawal to be paid in the current month.

A clearance period of 21 calendar days for cheques and 45 calendar days for recurring and once-off debit orders will apply.

WITHDRAWAL AMOUNT R .

PAYMENT FREQUENCY MONTHLY QUARTERLY BI-ANNUALLY ANNUALLY

FIRST PAYMENT MONTH -

M M Y Y Y Y

STANLIB allows you to select a specific portfolio/s from which to pay your regular income. If you have not selected a specific portfolio/s, STANLIBwill pay your income from Call accounts and Money Market portfolios first. Thereafter, income will be paid proportionately from other portfolios inyour investment.

If a portfolio/s is selected below, all income will be paid from this portfolio/s until the portfolio/s is depleted. Thereafter the default fee deduction ruleswill apply.

Portfolio Name

BANKING DETAILS FOR PAYMENTS

Payments to third party bank accounts are not allowed. Payments can only be paid into an account in the name of the client.

BANK

BRANCH BRANCH CODE

ACCOUNT NUMBER


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FINANCIAL SERVICES PROVIDER

1. The Client hereby confirms that he/she has appointed/hereby appoints the Financial Services Provider (FSP) whose FSB licence number isdisclosed below for purposes of his/her dealings with STANLIB.2. The Client agrees that STANLIB will pay the Financial Services Provider (FSP) the charges as set out in this application form. Where the FSP is alegal entity (e.g a company or a close corporation) the FSP is represented herein by the natural person identified in the relevant block below. Wherethe FSP has a Category II FAIS licence and the Client has mandated the FSP (or it’s Representative) to act on his/her behalf in terms of a writtenagreement a copy of the written agreement must be provided to STANLIB. STANLIB will not act on instructions from the FSP if it has not received acopy of this agreement. STANLIB is obliged by law to decline any instructions from an FSP who is not properly licensed with the Financial ServicesBoard.3. Where charges are to be shared between two Financial Advisers, specify the servicing Financial Adviser first.4. Where the Client has terminated his FSP’s appointment, it is the Client’s responsibility to advise STANLIB of such termination immediately. Onreceipt of such written notification, STANLIB will cease payment of all charges, other than accrued charges to the FSP. 5. The Client understands that where he/she changes FSP the consequences of such change may result in different or new fund and fees structures.This may result in an increase to the platform service charges. It is the Client’s and where applicable the Client’s Financial adviser’s responsibility todetermine the relevant fund and or charge implications. STANLIB will deduct the charges from the Client’s portfolios. For further details please referto www.stanlib.com.

Details Financial Adviser 1 Financial Adviser 2

FINANCIAL SERVICE PROVIDERLICENCE NO:

STANLIB ID

NAME OF SOLE PROPRIETOR ORREPRESENTATIVE

FEE SPLIT* % %

*Fee Split: Only available to financial advisers from the same Financial Service Provider.

FINANCIAL SERVICE PROVIDER CHARGES (EXCLUDING VAT)

Where the Client has not specified an Initial FSP charge for lump sum or recurring investments and an ongoing FSP service charge, STANLIB will notdeduct these fees.

INITIAL FSP CHARGE: LUMP SUM INVESTMENT %

INITIAL FSP CHARGE: RECURRING INVESTMENT %

FSP SERVICE CHARGE %

TERMS AND CONDITIONSThe terms and conditions must be completed and signed by all contracting parties and submitted to STANLIB Wealth Management (Pty) Limited (Reg. No. 1996/005412/07) (26/10/590),hereinafter referred to as "STANLIB". The terms and conditions are entered into by and between the Client and STANLIB. The Client appoints STANLIB as an administrative Financial ServicesProvider to administer the investments on behalf of the Client.

1. General terms and conditions1.1. The Client acknowledges the risks associated with the chosen investment, such as political, currency, regulatory, settlement, market, taxation and premium risk. The Client acknowledgesthat the capital value and income of collective investments (like unit trusts) or other financial products may fluctuate and past performance is no guarantee of future returns, except whereexpress written guarantees have been given. The Client acknowledges that he/she carries all investment risks. For further disclosure of risk factors and risk ratings associated with collectiveinvestments and the Protected Equity Portfolio Range ("PEPR") , please refer to the relevant investment portfolio / PEPR fact sheet.1.2. STANLIB does not guarantee the performance of the investment, and any guarantees, which are secured, are derived from the investment itself.1.3. The Client agrees that STANLIB shall be entitled to implement all signed instructions and applications received by facsimile. STANLIB is indemnified against any losses, claims ordamages arising from STANLIB acting on such instructions and/or applications.1.4. Should a portfolio or other investment, other than the PEPR, that the Client has selected no longer be offered on STANLIB's platform, STANLIB shall give the Client a reasonable period ofnotice within which to switch the investment. Should STANLIB not receive such notification from the Client, STANLIB shall disinvest the Client from the discontinued portfolio or otherinvestment and place the proceeds into a similar portfolio selected and deemed appropriate by STANLIB. In respect of the PEPR no longer being offered this will only relate to any newbusiness and any PEPR investments the Client may have will continue to the applicable Expiry Date.1.5. STANLIB does not give advice. The Client confirms that no advice was given by STANLIB in respect of this application. If the Client is unsure of the suitability of this product they shouldobtain their own independent advice.1.6. This contract will become effective once all requirements have been received from the Client and STANLIB has matched the money received from the Client to the application form. TheClient understands that any transactions that are mistakenly processed without all the requirements being satisfied will be reversed1.7. No payments will be made to third parties.1.8. Conflicts of interest disclosure: STANLIB shall, wherever possible avoid situations causing a conflict of interest. Where it is not possible to avoid such conflict: STANLIB shall advise theClient, of such conflict in writing at the earliest reasonable opportunity and shall mitigate the conflict of interest in accordance with its Conflict of Interest Management Policy. A copy of thisPolicy is available on the STANLIB website. STANLIB is part of the Standard Bank Group of companies and both the Liberty Group and Standard Bank Financial Consultancy - a division of theStandard Bank of South Africa Limited intermediaries are permitted to sell various STANLIB products. Stonehouse Capital Pty Limited holds equity interests in various FSP's which may result inan unavoidable conflict of interest. Clients of StoneHouse Capital Pty Limited partners, are encouraged to familiarize themselves with the conflict of interest disclosures, as required by theirFAIS license, prior to engagement1.9. Interest: Bank interest at current account rates will be allocated pro rata to the Investors' account in respect of the Clients' contributions awaiting investment in bank accounts. The depositdate is included and date of investment is excluded from the calculation.1.10. The Client declares that he/she has completed the Classic Investment Plan Annuity application form and that all information inserted therein by or on behalf of him/her is correct.1.11. The Client shall make his/her selection from the local collective investment schemes and other investment vehicles, which may be permitted by STANLIB from time to time. The Client


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shall be entitled to instruct STANLIB to repurchase and purchase units, or invest in or withdraw from the PEPR, on his/her behalf from time to time.1.12. Either party is entitled to terminate this administrative contract after notice in writing of not more than 60 days, please note that all other terms and conditions pertaining to the underlyinginvestment will still be applicable.1.13. Dividends tax: SARS will levy a withholdings tax on dividends at a rate of 20% with effect from 1st April 2012. If you are an exempt entity or if you are liable for dividends tax at a reducedrate then please download and complete the Exemption form or the Reduced Rates form. These forms are available on www.stanlib.com. The default rate of 20% will be applied to all investorsif an Exemption from tax or the reduced rates form is not supplied at the time we receive your Investment application form.1.14. FICA: The Client agrees to provide all documentation and information required in terms of the Financial Intelligence Centre Act, No. 38 of 2001, and understands that STANLIB isprohibited from processing any transactions on the Client's behalf until all such documentation and information has been received.1.15. Registration of investment: STANLIB shall register this investment in the name of an approved nominee entity in its capacity as an independent custodian except in the case where lawprescribes that the investment is held in the name of the Client.1.16. STANLIB will verify all bank account details received, but reserves the right to request proof of bank details before processing an instruction

2. Specific terms and conditions for the Classic Investment Plan2.1. The Client declares that he/she has completed the Classic Investment Plan application form and that all information inserted therein by or on behalf of him/her is correct.2.2. The Client shall make his/her selection from the local collective investment schemes and other investment vehicles, which may be permitted by STANLIB from time to time. The Clientshall be entitled to instruct STANLIB to repurchase and purchase units on his/her behalf from time to time.2.3. Units purchased with the proceeds of a debit order instruction may be repurchased, but the proceeds of such repurchases will not be paid to the Client until the expiry of 45 days from thedebit order transaction date.2.4. STANLIB Wealth Management Nominees (Pty) Ltd has appointed STANLIB to administer investments on behalf of its Clients and to administer the affairs of the fund.2.5. Cooling off rights: Due to the nature of this product, a cooling off period is not applicable.2.6. The CIP is a voluntary investment made by the Client into a collective investment schemes. The investment is as such not governed by any requirement to note beneficiaries or nominees towhom the investment could transfer to on the death of the Investor. On the death of the Investor the investment will form part of the deceased's estate and distributed at the discretion of theExecutor of the investors estate.

3. Unit Trust - Specific terms and conditions, charges and administrative processes3.1. Investments placed with the Manager are made and will be administered subject to the provisions of the Collective Investment Schemes Control Act, No. 45 of 2002, in accordance with thedeeds of the relevant Manager. In the unlikely event of insufficient liquidity, the Manager may borrow up to 10% of the market value of the portfolio.3.2. The collective investment scheme investments will be subject to the deeds of the respective local collective investment scheme/s. An initial manager charge may be payable to theManager of the local collective investment scheme/s. The purchase of participatory interests ("units") within products will be at a reduced initial manager charge compared to the standardcharge levied on units purchased directly from the Manager. Statutory charges will also be levied by Managers and will need to be taken into account in calculating the charges for theinvestment. A service charge based on the portfolio's market value is also payable to the Manager of the local collective investment scheme/s. For a complete list of the underlying portfolios andcharges, please visit www.stanlib.com. The service charge is deducted by the Manager from the income before the declaration of distribution/s. All distributions by the Manager will bereinvested in the portfolio from which the distribution is made. For details on income distributions, please refer to the relevant investment's portfolio fact sheet. The Client understands thatmanager service charges may be increased. The manager through STANLIB will give the Client three months prior notice of such increase. 3.3. Unit prices are calculated on a net asset value basis by determining the total market value of all assets in the portfolio, including any income accruals, less any permissible deductionsfrom the portfolio, divided by the units in issue. The following costs may be deducted from the portfolio: Financial adviser charge, Marketable Securities Tax, Value Added Tax, auditors' charge,bank charges, trustee and custodian charge, Regional Services Council levies and the service charge of the Manager. 3.4. New Business instruction: Where a fully completed and accurate instruction is received by STANLIB head office before close of business (15h30) on business day 1 (and where therelevant funds have been credited to the appropriate STANLIB bank account), the instruction to purchase participatory interests ("units") will be forwarded to the respective Collective InvestmentScheme Managers ("the Manager/s" for a market value within 2 business days (for daily priced funds)). Where funds are received via a once-off debit instruction, the Client's investment will bepriced within 2 business days. The Client indemnifies STANLIB against any loss of any nature which may arise should any funds, credited to a STANLIB bank account, as contemplated above,be reversed for any reason. Where an additional deposit is paid into the respective Wealth Management bank account, the Client must advise STANLIB of such an additional contribution anduse the current investment number as a reference. Unidentified deposits will not be allocated to an investment until such time supporting documentation is provided by the Client to prove thepayment. Small balances and additional investments will be allocated in the existing fund split if no clear instruction is submitted to STANLIB within 24 hours of making the payment.

Direct deposit and Once off Debits

Business Cut-off to Receive anInstruction

Process the Instruction The Administrator Buys UnitsUnit Price Received from the

ManagerReflect on Client Statement

Before 15:30 Day 1 Day 2 Day 3 Day 4

After 15:30 Day 2 Day 3 Day 4 Day 5

Recurring Debit Order

Business Cut-off to Receivean Instruction

Process the Instruction The Administrator Buys UnitsCollection from Bank

AccountUnit Price Received from the

ManagerReflect on Client Statement

Before 15:30 Day 1 Collection day 1 or 15 of the month Next day after collection date Next day after collection date

3.5. Withdrawal instruction: Where a fully completed and accurate instruction is received by STANLIB head office before close of business (15h30) on business day 1, payment to the Clientwill be made by no later than the end of business on business day 4.


Process the InstructionUnit Price Received from the

ManagerTransaction Complete Reflect on Client statement



Please note if the Clients’ bank account not Standard bank, the funds will take extra 48 hours to reflect on the bank account. 3.6. Switch instruction: Where a fully completed and accurate instruction is received by STANLIB head office before close of business (15H30) on business day 1, the switch into the new portfolio will be completed by no later than the end of business on business day 4.

Switching units of unit trusts administered by the same Manager


Process the instruction The Administrator Sell or Buys Units Transaction Complete Reflect on Client Statement



Switching units of unit trusts administered by different Managers

Business Cut-off toReceive an Instruction

Process the instructionThe Administrator Sell

UnitsThe Administrator Buys Units

The Administratorreceived money and pay

new managerTransaction Complete

Reflect on Clientstatement

Before 15:30 Dat 1 Day 2 Day 3 Day 4 Day 5 Day 6

After 15:30 Day 2 Day 3 Day 4 Day 4 Day 6 Day 7

Please note: The monthly expense run takes place on the 10th of the month. In the event of the 10th being a weekend or public holiday, the expense run will take place on the next business day.


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The monthly annuity income run takes place on the 20th of the month. In the event of the 20th being a weekend or public holiday, the annuity income run will take place on the precedingbusiness day. Withdrawal and switch requests received 2 business days before the monthly expense run or monthly annuity income run will be processed before the expense/ annuity incomerun. Once the withdrawal/ switch transaction has been priced up the monthly expense/ annuity income run will continue. Switch and withdrawal requests received during the monthly expense runor monthly annuity income run will be processed once the run has priced up. This will generally add up to 2 business days to the above service levels. STANLIB reserves the right to change theexpense and annuity income run dates without prior notification. Please refer to our website for more information regarding the dates. The website is updated on a regular basis and theinformation is available on the Knowledge Centre (Individuals tab), refer to LISP Schedules. 3.7. Sequential Processing: More than one instruction cannot be processed simultaneously. Once the first instruction has been completed and priced up, the next instruction will be processed.Withdrawals and additional contributions or transfers will take priority in the processing sequence should simultaneous instructions be received. 3.8. Income Distributions: Income distributions are made at regular intervals for all portfolios. Portfolios either declare distributions monthly, quarterly, bi-annually, or annually. The monthlyincome distribution process takes place between the 1st and the 10th of the month. A follow on distribution transaction is applicable where a 100%switch or withdrawal has been processed byyou on your investment. The income distribution for this fund will generate and paid to your investment the following month after this instruction has been proceed. The income distributiontransaction might have an impact on new transactions like switches, withdrawals, unit transfers, regular withdrawal and annuity payments if there are unpriced transactions and might delay thetransaction with 2 business days. Please refer to the latest fact sheet(s) for more details.

4. Charges - General Terms4.1. The Client authorises STANLIB to repurchase units in the collective investment schemes' portfolios or such other appropriate investments in the Client's Classic Investment Plan contract,as is necessary to comply with the withdrawal and regular income charge requests. 4.2. The Client agrees to pay the Financial adviser an initial Financial adviser charge and Financial adviser service charge.4.3. The Client agrees to pay STANLIB the charges specified in this document. Such charges shall be calculated and charged as indicated. STANLIB shall be entitled to increase the chargescharged to the Client by giving the Client three months prior notice of such an increase.4.4. The Client agrees that the Financial adviser's initial charge, will be deducted from the amount remitted by or on behalf of the Client to STANLIB and that the amount remaining after suchdeduction will be applied to the selected investment.4.5. STANLIB will deduct charges from call accounts and money market portfolios first. Thereafter charges will be deducted proportionately from other portfolios.4.6. The platform service charge will be calculated on the last business day prior to the 10th day of each month on the market value of the portfolios selected by the Client.4.7. All service charges and Financial adviser charges will be calculated and deducted monthly from the Client's investment. These charges will be calculated on the last business day prior tothe 10th day of each month, on the market value of the investment on that day. The Client authorises STANLIB to repurchase units in the Collective Investment Scheme's portfolio or make otherappropriate disinvestments as is necessary to deduct STANLIB's service charge and Financial adviser charge.4.8. The parties agree that the clauses in this application form create a binding agreement between them. Where any representations have been made (verbal or otherwise) that contradict theclauses contained herein, the clauses contained in this agreement shall prevail.4.9 All of the above charges will be redeemed from the STANLIB Money Market unit trust portfolio and not the PEPR product. The client agrees that where there are insufficient funds in theSTANLIB Money Market unit trust portfolios, STANLIB is entitled to redeem the appropriate amount needed for liquidity purposes for all charges and income requirements for the duration of thePEPR Product. These funds redeemed will be transferred to STANLIB Money Market and will firstly come from other unit trust portfolios in the contract, redeemed proportionally and if there isstill insufficient funds then from the PEPR Product.

5. Charges - Financial Adviser charges5.1. Financial adviser Initial charge:The Client agrees to pay the Financial adviser an initial Financial adviser charge. This initial Financial adviser charge will be deducted from the gross amount remitted by or on behalf of theClient to STANLIB and will be paid by STANLIB to the Financial adviser on the Client's behalf.5.2. Financial Adviser Annual Ongoing Service charge:The Client agrees to pay the Financial adviser a service charge. The service charge will be calculated on the last business day prior to the 10th day of each month at the rate agreed by theclient on the value of the portfolios selected by the Client. STANLIB will pay the charge to the Financial adviser on behalf of the Client. The Client authorises STANLIB to repurchase units inthe collective investment scheme portfolios or such other appropriate disinvestments in the Client's Classic Investment Plan contract as is necessary to make payment of the service charge tothe Financial adviser. STANLIB will recover service charges in order of priority from call accounts and money market portfolios and thereafter proportionately from other portfolios. Should theClient cancel the appointment of the Financial adviser, then STANLIB will after receipt of written notification from the Client of such termination, cease paying the service charge to the Financialadviser.

6. Platform: Annual Service Charge6.1. STANLIB Linked Fund rangeSTANLIB will levy an annual platform service charge (excl. VAT) on receipt of the total investments value within the Linked Investment Fund Range according to the hurdle rate below:

R0.00 <= R999,999.99 0.50%

R1,000,000.00 <= R2,999,999.99 0.35%

R3,000,000.00 and above 0.25%

6.2. Platform Service charge for Classic portfolios: STANLIB will levy a platform service charge (excl. VAT) on the total investment value within the Classic portfolios according to the slidingscale below:

Platform service charge

First R250 000 0.75%

Next R750 000 0.50%

Thereafter 0.25%

6.3. Platform service charge for Select portfolios:The platform service charge is determined as: 0.50% less any portfolio charge discount received by STANLIB from the relevant Collective Investment Scheme (CIS). This is a discount on theplatform service charge paid by the fund manager company to STANLIB. This discount is disclosed and is passed on to the investor by reducing the platform service charge. Should theManager for any reason whatsoever cease paying the portfolio discount to STANLIB, then STANLIB will not be liable for the portfolio charge discount to the Client.6.4. All service charges and distribution fees will be calculated and deducted monthly from the Client's investment6.5. These charges will be calculated on the last business day prior to the 10th day of each month, on the market value of the investment on that day. The Client authorises STANLIB torepurchase units in the Collective Investment Scheme's portfolios or make other appropriate disinvestments in the Client's Classic Investment Plan contract as is necessary to deductSTANLIB's service charge. STANLIB will deduct charges from call accounts and money market portfolios first. Thereafter charges will be deducted proportionately from other portfolios.6.6. Value Added Tax (VAT): All charges quoted have been quoted exclusive of Value Added Tax, which will be levied at the applicable rate from time to time.6.7. The Client understands that where he/she switches to other products/portfolios, different or new cost structures could apply and that it is the Client's responsibility, or where applicable, thatof the Client's Financial adviser, to determine the relevant cost structures prior to conducting a switch.6.8. Please complete the Annexure for Wealth Portfolio or Fundamental Choice which shall be deemed to be incorporated in and form part of the Classic Investment Plan Application Form andshall form the basis of the contract which is entered into with STANLIB..

7. Client Reporting7.1. STANLIB will provide the Client with a statement on a quarterly basis, unless the Client consents not to receive the report in writing, because the Financial adviser or Client is able toaccess the information continuously.7.2. Notwithstanding the above, the Client or Financial adviser may request a written report (or electronic report where STANLIB is able to provide it) concerning the Client's investment fromSTANLIB from time to time. The Client authorises STANLIB to when necessary, furnish the Financial adviser with a written report concerning the Client's investments.7.3. STANLIB must obtain and transmit to the Client any information which a Collective Investment Scheme or listed company must disclose in terms of law (such as financial statements)unless the Client specifically requests STANLIB not to provide such information. The Client requests that he/she does not want to receive the relevant information but, notwithstanding theabove the Client may request the information from STANLIB from time to time.7.4. Limited discretion: STANLIB shall act on all instructions provided by the Client or authorised FSP.7.5. Electronic Transactions: the Client agrees that STANLIB shall be entitled to implement all instructions and applications of whatever nature received on their Internet site, by telephone, byfax or any other electronic medium and which appear to emanate from the Client. STANLIB are indemnified against any losses, claims or damages arising from acting on such instructionsand/or applications, notwithstanding that it may later be proved that any such instruction was not given by the Client. The Client agrees that the electronic records of all instructions andapplications processed by/or on behalf of him/her or which purport to be processed on behalf of the Client via STANLIB's Internet site, telefax, telephone or any other electronic medium shallconstitute prima facie proof of the contents of such instructions and applications.7.6. Contact details: STANLIB Wealth Management (Pty) Limited. No. 1996/005412/07. Authorised FSP in terms of the FAIS Act, 2002 (Licence No. 26/10/590) 17 Melrose Boulevard, MelroseArch, 2196 | P O Box 202, Melrose Arch, 2076; T + 27 (0)11 448 6000 | F 086 727 7516| E [email protected] | W www.stanlib.com 7.7. Query Support and Middle Office: STANLIB Compliance and Complaints, PO Box 202, Melrose Arch, 2076 Telephone: 0860 123 0037.8.Complaints: Should the Client wish to lodge a complaint with STANLIB regarding the services being provided, the Client can locate STANLIB's Complaints procedure onwww.stanlib.com/contactus/pages/furtherqueries.aspx, alternatively the Client can send an email to [email protected].


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8. Personal information, security and privacy8.1. The Client agrees that the information below will apply to all products and/or services whereby the Client has entered into an agreement with STANLIB or any of its affiliates.8.2. STANLIB undertakes to only process the Client’s personal information as permitted by law or when STANLIB is required by law to collect and process the Client’s personal information.STANLIB may also process or share the Client’s personal information if required for the purposes of law enforcement or to combat money laundering and fraud.8.3. The Client agrees that STANLIB, its representatives, contracted third party service providers and any appointed financial adviser(s), including those in foreign jurisdictions, may collect, use,disclose or otherwise process the Client’s personal information for the purposes of providing the Client with products and/or services which the Client has requested from STANLIB. At certaintimes STANLIB may send the Client information about STANLIB products and services.8.4. Acceptance of these terms and conditions is voluntary, but without the Client’s personal information as required by this application form STANLIB will be unable to provide products orservices to the Client.8.5. The Client confirms that the Client has permission to disclose to STANLIB the personal information of any dependent or beneficiary provided in this application form.8.6. STANLIB will take reasonable steps to ensure that all personal information about the Client, the Client’s dependents or beneficiaries will be kept secure and confidential, whetherprocessed by STANLIB or third parties, and will only be kept for as long as required or prescribed.8.7. In some instances, STANLIB may be required to collect or process the Client’s personal information in order to service products or conduct research. Where appropriate, this informationwill be de-identified such that it cannot be linked back to the Client individually.8.8. The Client is entitled to request access to, update or rectify the Client’s personal information at any time. Should the Client’s personal details change, he/she is required to notify STANLIBthrough his/her appointed financial adviser, or directly by calling the contact centre on 0860 123 003 or +27(0)11 448 6000. The Client can also make changes to his/her profile online via oursecure web portal, (www.stanlib.com).

SPECIFIC TERMS AND CONDITION FOR STRUCTURED PRODUCTS1. General Terms

1.1. The Protected Equity Portfolio Range ("PEPR") is a group of structured equity linked products offered by The Standard Bank of South Africa Limited ("Standard Bank").The range of PEPR products are:

1.1.1. Protected Index Investment (Payment)("PII") with a 3 year term;1.1.2. Protected Index Investment (Payment)("PII") with a 5 year term;1.1.3. Capital Accumulator Investment (Payment)("CAI3") with a 3 year term;1.1.4. Capital Accumulator Investment (Payment)(CAI5) with a 5 year term1.1.5. Quantum Plus (Payment)("QP5") with a 5 year term.

1.2. Standard Bank and the Client have entered into and/or anticipate entering into one or more Investment Product/s that will be governed by this Agreement, which includes the Schedules andthe Confirmation/s issued by Standard Bank for the purpose of confirming or evidencing those Investment Product/s. All Investment Products are entered into on the basis of the terms set outherein together with the specific terms applicable to each relevant Investment Product as set out in the Schedules. In the event of any inconsistency between the terms set out herein and theterms set out in any Schedule, the terms set out in the relevant Schedule shall prevail in respect of the particular Investment Product. The terms set out in the Schedules shall only apply to theparticular Investment Product as specified therein and shall not apply to any other Investment Product.1.3.The Client consents to STANLIB sharing his/her personal information with Standard Bank as required by FICA and for the purposes of investment in the relevant PEPR product.1.4. The Client acknowledges that he/she is aware of and understands the risks associated with the various PEPR products. The following risks are not a comprehensive summary of all of therisks involved but highlights particular risks to investors.

1.4.1. Investment Decisions: By choosing to invest in the relevant PEPR product, the Client is making an investment decision. Neither STANLIB nor Standard Bank provided advice in respectof the choice of PEPR product.1.4.2. Dividends: The Client understands that no dividends are payable in respect of any of the PEPR products.1.4.3. Obligations of Standard Bank: The value of each PEPR product depends on, among other things, the ability of Standard Bank to perform its obligations under the terms of each PEPRproduct. The value of the PEPR product may therefore be affected by an appraisal of the creditworthiness of Standard Bank. Failure by Standard Bank to comply with such obligations mayresult in the investment being worth less than it otherwise would be, and even potentially zero.

1.5. The Client confirms that no advice was given by STANLIB or Standard Bank in respect of any PEPR product. STANLIB is acting herein in its capacity as an administrative financialservices provider. Standard Bank is acting herein in its capacity as product provider.1.6. STANLIB shall register any investments pertaining to each PEPR product in the name of the Client.1.7. The Client hereby appoints STANLIB as its administrative financial services provider. STANLIB shall obtain instructions from the Client before transacting on his/her behalf.1.8. Should all applicable completed information and the relevant Investment Amount/s not be reflected in the relevant STANLIB bank account by two Business Days prior to theCommencement Date for the next tranche of the PEPR product, the Client shall be invested in the following month's PEPR product tranche.1.9. STANLIB reserves the right to not proceed with any PEPR product should there be in STANLIB's opinion, an adverse structural change to market conditions prior to the CommencementDate.1.10. Should the Client wish to terminate his/her investment in any PEPR product prior to the Expiry Date a termination request for 100% of the PEPR product on a fully completed switch formmust be received by STANLIB prior to 11:00 on any Business Day. In the event that the switch form is not received by STANLIB before 11:00 the termination request will only be processed on thefollowing Business Day and the redemption value will be determined with reference to the market value and prevailing market conditions on that Business Day. Please note no partialterminations of the PEPR are permitted.1.11. Any termination request in respect of any PEPR product will payout the termination value within five (5) Business Days after the receipt of the fully completed termination instruction.1.12. Each PEPR product is designed to reach maximum benefit when held for the specific term of the PEPR product. The indicative redemption valuation will take into account various factorsof the prevailing market conditions into account and associated costs contributing to the unwind of the structure, to create the liquidity to meet the redemption request. It should be noted thatthe value of an actual early termination may vary due to market conditions from the indicative redemption value. Furthermore, please be aware that if the investment is liquidated before the ExpiryDate the redemption value may be less than the initial investment and any protection will no longer apply. The redemption value will be lower than the notional illustrative value because of thefactors contributing to the unwinding of the structure. Some of the factors contributing to the unwind may include without limitation the cost of unwinds and the factors that effect that are marketmovements, interest rate movements and market volatility.1.13. Although the process for termination of any PEPR product is stated above, the termination and value shall be determined by Standard Bank at its sole discretion and in accordance withthe provisions set out in paragraph 4.19 below.1.14. The Client hereby appoints STANLIB as his/her lawful attorney and agent in respect of any PEPR product, to, inter alia, enter into the relevant PEPR product offered by Standard Bank, andtogether with the relevant agreements and documents incorporated into this agreement with the necessary authority to act on the Client's behalf, to do all such things, provide all instructions toStandard Bank and enter into all agreements on his/her behalf in respect hereof.1.15. Definitions and Interpretation

1.15.1. Definitions: Unless the context otherwise requires in this Agreement:"Agreement" means this agreement, the Application Form, the Schedules and the Confirmation/s;"Application Form" means the STANLIB Classic Investment Plan Form"Application Period" means the period from the Investment Date to three Trading Days prior to the Commencement Date and is the period during which the Client may submit an ApplicationForm in terms of this Agreement;"Calculation Agent" means Standard Bank;"Cash Settlement Amount" means the amount determined in accordance with paragraph 4.16 for the relevant Investment Product;"Cleared Funds" means cash or EFT transfer only;"Client" means the person specified in the Application Form;"Commencement Date" means the date on which the relevant Investment Product commences as specified in the Confirmation;"Confirmation" means the document issued by Standard Bank to Liberty Group Limited which evidences the Client's investment in the relevant Investment Product and confirms the detailsof the relevant Investment Product;"Early Closure" means the closure on any Trading Day of the JSE prior to its scheduled closing time, unless such earlier closing time is announced by the JSE at least one hour prior to theearlier of (i) the actual closing time for the regular trading session on the JSE on such Trading Day and (ii) the submission deadline for orders to be entered into the JSE for execution at theclose on such Trading Day;"Exchange Disruption" means an event that disrupts or impairs, as determined by the Calculation Agent, the ability of market participants in general to effect transactions in or obtain marketvalues for the securities that comprise 20% or more of the level of the Index, or to effect transactions in, or obtain market values for, futures or options contracts relating to the Index onSAFEX;"Expiry Date" means the last Trading Day of the Investment Term (as defined in the relevant Schedule), as specified in the Confirmation;"Index" means the FTSE/JSE Africa Index Series Top40 (TOP40) as published by the JSE;"Initial Index Level" means the closing level of the Index as published or announced by the JSE on the Commencement Date and specified in the Confirmation;"Investment Amount" means a minimum amount of R200 000 for each Investment Product and is the amount invested by the Client in the relevant Investment Product/s as specified in theApplication Form and which amount/s shall accompany the Application Form;"Investment Date" means the date from which STANLIB may submit to Standard Bank a schedule with the details of each Clients' investment into the applicable Investment Products andthe cumulative Investment Amount to Standard Bank in terms of this Agreement;"Investment Product" means the specific investment product as selected in the Application Form by the Client and which is specified in the Confirmation. The terms contained in theSchedules to this Agreement shall apply to the relevant Investment Product only;"JSE" means the JSE Limited;"SAFEX" means the South African Futures Exchange or any successor thereto;"Standard Bank" means The Standard Bank of South Africa Limited trading through its division Corporate and Investment Banking with registration number 1962/000738/06;"Termination Confirmation" means the document issued by Standard Bank to Liberty Group Limited which evidences the early termination of the relevant Investment Product by each Clientin terms of paragraph 4.19;"Trading Day" means any day other than a Saturday, Sunday or public holiday in the Republic of South Africa; and"Trading Disruption" means any suspension or limitation imposed on trading by the JSE and whether by reason of movements in the price exceeding limits permitted by the JSE orotherwise relating to securities that comprise 20% or more of the Index, or in futures or options contracts relating to the Index on SAFEX.Each Schedule shall include any additional definitions applicable to the relevant Investment Product.


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1.15.2. Interpretation1.15.2.1. In this Agreement unless the context indicates a contrary intention any reference to:

1.15.2.1.1. the singular includes the plural and vice versa;1.15.2.1.2. the word "person" includes a firm, a body corporate, a trust, an association not incorporated and a statutory authority;1.15.2.1.3. and one gender includes the other gender and neuter.

1.15.2.2. The paragraph or clause headings in this Agreement have been inserted for convenience only and shall not be taken into account in its interpretation.1.15.2.3. Where appropriate, any other part, speech or other grammatical form of words and phrases given a defined meaning shall have a corresponding meaning.

1.16. Cash Settlement: As set out in the relevant Schedule for each applicable Investment Product.1.17. Market Disruption: As set out in the relevant Schedule for each applicable Investment Product.4.18. Index Substitution: Substitute Index is the substitute index determined in terms of theseparagraphs 4.18.1 and 4.18.2 below. Converted Substitute Index means the converted substitute index determined in terms of paragraph 4.18.3 below. Substitute Index Conversion Factor meansthe constant determined in terms of paragraph 4.18.4.1.18.1. Index Substitution Event: If at any time during the term of this Agreement

1.18.1.1. the JSE ceases to calculate and publish the Index; or1.18.1.2. another event occurs which makes it (in the reasonable determination of the Calculation Agent) impossible to use the Index as the basis for this Agreement,1.18.1.3. (each an "Index Substitution Event") then, from the date on which the Index Substitution Event occurs, the Substitute Index shall be substituted for the Index for all purposes relevantto this Agreement.

1.18.2. Substitute Index: If an Index Substitution Event occurs, the Calculation Agent shall as soon as reasonably possible determine the Substitute Index by:1.18.2.1. nominating as the Substitute Index an index (calculated by any person) that sufficiently closely approximates the Index or what would have been the Index had it continued to exist,1.18.2.2. if the JSE publishes another index that it intimates to be a replacement or substitute for the Index, nominating that index as the Substitute Index; or1.18.2.3. itself calculating the Substitute Index in a manner that sufficiently closely approximates the Index or what would have been the Index had it continued to exist.

1.18.3. Substitute Index Conversion: For the purposes of all calculations under this Agreement, the level of the Converted Substitute Index on any day is that determined by multiplying the IndexLevel of the Substitute Index on that day by the Substitute Index Conversion Factor.1.18.4. The Substitute Index Conversion Factor: The Substitute Index Conversion Factor is the number which, when multiplied by the level of the Substitute Index on the day on which theSubstituted Index is substituted under paragraph 4.18, results in a number which is equal to the level of the Index (or which would have been the level of the Index had it continued to exist)immediately before the substitution occurred.1.19. Early Termination: As set out in the relevant Schedule for each applicable Investment Product.1.20. General

1.20.1. Notices: Every notice or other communication of any nature whatsoever required to be given, served or made under or arising from this Agreement must be in writing in order to be valid.1.20.2. Governing Law And Submission To Jurisdiction: This Agreement will be governed by and construed in accordance with the laws of the Republic of South Africa and the Clientconsents to the non-exclusive jurisdiction of the High Court of South Africa (South Gauteng High Court, Johannesburg or any successor thereto).1.20.3. Severability: Any part of this Agreement which is illegal, void or unenforceable will be ineffective to the extent only of that illegality, voidness or unenforceability, without invalidating theremaining parts of this Agreement.1.20.4 Waiver: A failure to exercise or enforce or a delay in exercising or enforcing or the partial exercise or enforcement of any right, remedy, power or privilege under this Agreement byStandard Bank shall not in any way preclude or operate as a waiver of any further exercise or enforcement thereof or the exercise or enforcement of any other right, remedy, power or privilegeunder this Agreement or provided by law.

1.21. Entire Agreement: This Agreement constitutes the sole record of the agreement between the parties in relation to the subject matter hereof. Neither party shall be bound by any express,tacit or implied term, representation, warranty, promises or the like not recorded herein. This Agreement supersedes and replaces all prior commitments, undertakings or representations,whether oral or written between the parties in respect of the subject matter hereof.1.22. CalculationsIn this Agreement:

1.22.1. all calculations and determinations will be made by the Calculation Agent; and1.22.2. all calculations will be done to not less than two decimal places.

1.23. No Reliance on RepresentationsStandard Bank makes no representation or provide no warranties to the Client with regard to the taxation, accounting treatment or performance of this Agreement. Standard Bank also makes norepresentation or warranty that any indicative performance or return indicated will be achieved in the future. The Client is urged to seek independent tax advice to ensure that these accord withits circumstances and financial planning requirements. The Client represents and warrants that he/she/it has consulted with and has obtained such advice from his/her/its own financialadviser/s as required in terms of the Financial Advisory and Intermediary Services Act, Act 37 of 2002.The Client agrees to hold Standard Bank harmless in respect of any income tax, other tax or levy of any nature in respect of which it may become liable or which may become payable pursuantthis Agreement.1.24. Commission or brokerage

1.24.1. The Client acknowledges that there may be incentive, remuneration, consideration, commission, fee or brokerage, which will or may become payable by Standard Bank, directly orindirectly, in terms of this Agreement to a third party, and any such amounts payable should be disclosed to the Client by their financial advisor or financial intermediary.1.24.2. PEPR Charges: STANLIB shall receive the following fees from Standard Bank :

1.24.2.1. Administration Fee: 0.20% per annum of the Investment Amount (excluding VAT), paid upfront based on the term of the product. Please note that STANLIB reserves the right toreduce this fee at its sole discretion.1.24.2.2. Platform charge: 0.50% per annum, paid monthly in arrears as per paragraph (8) underneath, of the Investment Amount (excluding VAT). Please note on STANLIB this is a classicfund but the platform charge for PEPR does not form part of the Classic groupings for charging purposes.

1.24.3. It is recorded that Standard Bank may enter into profit sharing arrangements, from time to time, with external Financial Services Providers to facilitate the sale and distribution of thePEPR.

1.25. Changes to details: The Client undertakes to advise STANLIB in writing of any changes to the details set out in the Application Form including any changes to the bank account details.1.26. Limitation of Liability and Indemnity: In the event that the Client fails to notify STANLIB of any changes to the details as set out in paragraph above 4.251.27. Standard Bank shall not be liable for any losses or damages arising from any failure or delay to perform any of its obligations in terms of this Agreement. The Client accordinglyindemnifies Standard Bank against any claims, losses, expenses, fees or charges whether direct or indirect arising from any failure to notify STANLIB of any changes to the details set out in theApplication Form.

Schedule 1Investment Product: Protected Index Investment (Payment)("PII)1. Definitions

"Cap Percentage" means the percentage as detailed in the Confirmation;"Capped Index Level" means the Initial Index Level multiplied by the Cap Percentage determined by Standard Bank on the Commencement Date, as specified in the Confirmation;"Final Index Level" means the closing level of the Index as published or announced by the JSE on the Expiry Date;"Investment Term" means the period which runs from the Commencement Date to the Expiry Date;"Minimum Protected Amount" means the amount specified in the Confirmation which shall be the minimum amount returned to the Client under this Agreement;"Protected Index Level" means the Initial Index Level multiplied by the Protection Percentage as specified in the Confirmation;"PII" means the cash settled Protected Index Investment (Payment);"Protection Percentage" means the protection percentage specified as the Minimum Protected Amount divided by the Investment Amount .

2. Cash Settlement2.1. Standard Bank will pay the Cash Settlement Amount as determined in this paragraph 2 of Schedule 1 to STANLIB two Trading Days after the Expiry Date.

2.1.1. Where the Final Index Level is below the Protected Index Level: Cash Settlement Amount = the Minimum Protected Amount.2.1.2. Where the Final Index Level is above the Protected Index Level but below the Capped Index Level: Cash Settlement Amount = the Investment Amount multiplied by the Final Index Leveldivided by the Initial Index Level.2.1.3. Where the Final Index Level is above the Capped Index Level: Cash Settlement Amount = the Investment Amount multiplied by the Cap Percentage.

3. Market Disruption3.1. A "Market Disruption Event" is the occurrence or existence of a Trading Disruption or an Exchange Disruption which in either case the Calculation Agent determines is material, at any timeduring the one hour period that ends at the closing time of the JSE, as the case may be, or an Early Closure.3.2. A "Disrupted Day" means any scheduled Trading Day on which the JSE fails to open for trading during its regular trading session or on which a Market Disruption Event has occurred.3.3. If any Expiry Date is a Disrupted Day, then the Expiry Date shall be the first succeeding Trading Day that is not a Disrupted Day, unless each of the eight scheduled Trading Daysimmediately following the scheduled Expiry Date is a Disrupted Day. In that case the eighth scheduled Trading Day shall be deemed to be the Expiry Date, notwithstanding the fact that such dayis a Disrupted Day, and the Calculation Agent shall determine the level of the Index at the scheduled closing time of the JSE.

4. Early Termination: The Client may not terminate the PII before the Expiry Date unless agreed to by Standard Bank. The issuance of the Termination Confirmation by Standard Bank constitutesacceptance of the early termination of the PII by Standard Bank. Where the PII is terminated prior to the Expiry Date by the Client or as a result of the operation of any law, Standard Bank shalldetermine the value of the PII in good faith and in a reasonable commercial manner and may reduce the value of the Cash Settlement Amount to take account of any losses or costs incurred byStandard Bank as a result of the termination of the PII whereafter the reduced Cash Settlement Amount, if any, will be paid to STANLIB. The Client acknowledges and agrees that where the PII isterminated prior to the Expiry Date that he/she/it may receive less than the Minimum Protected Amount

Schedule 2Investment Product: Capital Accumulator 3 Year Investment (Payment)("CAI3")1. Definitions

"CAI3" means the cash settled Capital Accumulator 3 Year Investment (Payment);"Final Index Level" means the closing level of the Index as published or announced by the JSE on the Expiry Date;"Fixed Return Percentage" means the percentage as detailed in the Confirmation;"Investment Term" means a period of three years and which runs from the Commencement Date to the Expiry Date.

2. Cash Settlement


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2.1. Standard Bank will pay the Cash Settlement Amount as determined in this paragraph 2 of Schedule 2 to the STANLIB two Trading Days after the Expiry Date:2.1.1. Where the Final Index Level is less than the Initial Index Level:Cash Settlement Amount = Investment Amount2.1.2. Where the Final Index Level is greater than or equal to the Initial Index Level: Cash Settlement Amount = Investment Amount + (Investment Amount x Fixed Return Percentage)


4. Early Termination: The Client may not terminate this CAI3 before the Expiry Date unless agreed to by Standard Bank. The issuance of the Termination Confirmation by Standard Bankconstitutes acceptance of the early termination of the CAI3 by Standard Bank. Where the CAI3 is terminated prior to the Expiry Date by the Client or as a result of the operation of any law, StandardBank shall determine the value of the CAI3 in good faith and in a reasonable commercial manner and may reduce the value of the Cash Settlement Amount to be paid to take account of anylosses or costs incurred by Standard Bank as a result of the termination of the CAI3, whereafter the reduced Cash Settlement Amount, if any, will be paid to STANLIB. The Client acknowledgesand agrees that where the CAI3 is terminated prior to the Expiry Date that he/she/it may receive less than the Investment Amount.

Schedule 3Investment Product: Capital Accumulator 5 Year Investment (Payment)("CAI5")1. Definitions

"CAI5" means the cash settled Capital Accumulator 5 Year Investment (Payment);"Final Index Level" means the closing level of the Index as published or announced by the JSE on the Expiry Date;"Fixed Return Percentage" means the percentage as detailed in the Confirmation;"Investment Term" means a period of five years and which runs from the Commencement Date to the Expiry Date.

2. Cash Settlement2.1. Standard Bank will pay the Cash Settlement Amount as determined in this paragraph 2 of Schedule 3 to the STANLIB two Trading Days after the Expiry Date:

2.1.1. Where the Final Index Level is less than the Initial Index Level: Cash Settlement Amount = Investment Amount2.1.2. Where the Final Index Level is greater than or equal to the Initial Index Level: Cash Settlement Amount = Investment Amount + (Investment Amount x Fixed Return Percentage)


4. Early Termination: The Client may not terminate this CAI5 before the Expiry Date unless agreed to by Standard Bank. The issuance of the Termination Confirmation by Standard Bankconstitutes acceptance of the early termination of the CAI5 by Standard Bank. Where the CAI5 is terminated prior to the Expiry Date by the Client or as a result of the operation of any law, StandardBank shall determine the value of the CAI5 in good faith and in a reasonable commercial manner and may reduce the value of the Cash Settlement Amount to be paid to take account of anylosses or costs incurred by Standard Bank as a result of the termination of the CAI5, whereafter the reduced Cash Settlement Amount, if any, will be paid to STANLIB. The Client acknowledgesand agrees that where the CAI5 is terminated prior to the Expiry Date that he/she/it may receive less than the Investment Amount.

Schedule 4Investment Product: Quantum PLUS Investment (Payment)("CP5").1. Definitions

"Final Index Level" means the level of the Index as determined by Standard Bank as the simple average of the closing level of the Index as published or announced by the JSE on the lastTrading Day of each of the 12 calendar months prior to the final calendar month of the Investment Term, and the closing level of the Index as published or announced by the JSE on the lastTrading Day of the Investment Term. (13 observations), which determination will be made on the last Trading Day of the Investment Term ;"Fixed Return Percentage" means the percentage as detailed in the Confirmation;"Investment Term" means the period which runs from the Commencement Date to the Expiry Date;"Participation Percentage" means the percentage specified in the Confirmation;"PLUS Amount" means such portion of the Investment Amount determined by Standard Bank and specified in the Confirmation;"Quantum Amount" means such portion of the Investment Amount determined by Standard Bank and specified in the Confirmation;"Quantum Redemption Date" means the date specified in the Confirmation.

2. Cash Settlement2.1. Interest on Quantum Amount and Redemption of Quantum Amount

2.1.1. Standard Bank will pay interest to STANLIB on the Quantum Amount as determined by the Calculation Agent in accordance with the following formula to STANLIB on the QuantumRedemption Date:Quantum Amount multiplied by the Fixed Return Percentage2.1.2. The Quantum Amount will be redeemed on the Quantum Redemption Date and Standard Bank will pay the Quantum Amount, in addition to the interest amount payable in terms ofparagraph 2.1.1 of Schedule 4, to STANLIB on the Quantum Redemption Date.2.1.3. Following payment by Standard Bank of the amounts set out in paragraphs 2.1.1 and 2.1.2 of Schedule 4, the Quantum portion of the Quantum PLUS Investment shall terminate andneither Standard Bank nor the Client shall have any further obligations or rights in terms of the Quantum Amount.

2.2. Cash Settlement Amount2.2.1. Standard Bank will pay the Cash Settlement Amount as determined in this paragraph 2.2 of Schedule 4 to STANLIB two Trading Days after the Expiry Date

2.2.1.1. Where the Final Index Level is less than or equal to the Initial Index Level:Cash Settlement Amount = PLUS Amount2.2.1.2 Where the Final Index Level is greater than the Initial Index Level:Cash Settlement Amount = PLUS Amount multiplied by the Participation Percentage multiplied by the Final Index Level divided by the Initial Index Level.


4. Early Termination4.1. The Client may not terminate the Quantum PLUS Investment before the Quantum Redemption Date or Expiry Date (as appropriate) unless agreed by Standard Bank. The issuance of theTermination Confirmation by Standard Bank constitutes acceptance of the early termination of the Quantum PLUS Investment by Standard Bank.4.2. Where the Quantum PLUS Investment is terminated prior to the Quantum Redemption Date by the Client or as a result of the operation of any law, Standard Bank shall:

4.2.1. determine the value of the PLUS Amount in good faith and in a reasonable commercial manner and may reduce the value of the Cash Settlement Amount to take account of any lossesor costs incurred by Standard Bank as a result of the termination of the Quantum PLUS Investment, whereafter the reduced Cash Settlement Amount, if any, will be paid to STANLIB; and4.2.2. determine the value of the Quantum Amount including any interest thereon in good faith and in a reasonable commercial manner and may reduce the Fixed Return Percentage orQuantum Amount to take account of any losses or costs incurred by Standard Bank as a result of the termination of the Quantum PLUS Investment, whereafter the reduced Quantum Amount, ifapplicable, together with interest, if any, will be paid to STANLIB.

4.3. Where the Quantum PLUS Investment is terminated prior to the Expiry Date but after the Quantum Redemption Date by the Client or as a result of the operation of any law, Standard Bankshall determine the value of the PLUS Amount in good faith and in a reasonable commercial manner and may reduce the value of the Cash Settlement Amount to take account of any losses orcosts incurred by Standard Bank as a result of the termination of the Quantum PLUS Investment, whereafter the reduced Cash Settlement Amount, if any, will be paid to STANLIB.4.4. The Client acknowledges and agrees that where the Quantum PLUS Investment is terminated prior to the Quantum Redemption Date or Expiry Date (as appropriate) that he/she/it mayreceive less than the Quantum Amount and/or PLUS Amount.

FICA AND BUSINESS REQUIREMENTS

Unless previously provided to the Manager, please send verified/certified copies of the documents set out below. These are used to verify the identity of the Investor. Strictly, only clear, legible

copies of identity and other documents will be accepted, the Manager reserves the right to ask for further documentation

Individual/ Sole Proprietor: South Africa

Green, bar-coded Identity document

If not available valid reason why identity document could not be provided together

with a valid Passport or valid driver’s licence

Individual/ Sole Proprietor: Foreign

Valid Passport

Proof of physical residential address

Authority to act (if applicable) : power of attorney / letter of appointment from the


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Proof of physical residential address

Authority to act (if applicable) : power of attorney / letter of appointment from the

court and Identity document, physical residential address and contact details of

persons authorised to act

Birth certificate (for minors under 18 years) and proof of authority (where minor is

assisted by legal guardian)

Unlisted companies: South African

Certificate of Incorporation (CM1 or CoR 15.1/CoR 14.1)

Certified copy of Change of Name, if applicable (CM9 or CoR 9.1 or 2)

Notice of Registered Office and Postal Address (CM22 or CoR 21)

Current list of Directors (CM29 or CoR 39)

Authority to act : Directors' Resolution and/or Delegation of Authority

In respect of the Principal Executive Officer , each Director, each Authorised

person, and each shareholder holding more than 25% of the voting rights of the

company:

Certified copy of the Identity document

Proof of residential address and contact details

Proof of physical business address and trading/operating name

Trusts

Trust deed or other founding document

Authority to act : letter of authority from the Master of the High Court and trustees'

resolution

Identity document, physical residential address and contact details of each trustee,

each beneficiary, the founder and the persons authorised to act

Proof of registered address of Master of High Court (stamp on letter of authority)

Partnerships

Partnership Agreement

Authority to act: Partners' Resolution

Identity document, physical residential address and contact details of all the

partners and persons authorised to act and of the Person Exercising Executive

control of the partnership

Professional partnerships

Certain Partnerships consisting of more than (20) partners which are incorporated in

terms of Section 30(2) of Company’s Act 61 of 1963 which are recognized in terms

of the relevant Government Gazettes examples are: Attorneys, Notaries and

Conveyancers, Public Accountants and Auditors, Medical Practitioners,

Pharmacists, Professional Engineers, Quantity Surveyors, Stockbrokers and

Architect

Registration certificate (provide proof of registration of the partnership by a

regulatory body)

Partners Resolution (Authority to act)

Identity document residential and contact details for Persons Authorised to Act and

of the Person Exercising Executive control of the partnership

Proof of physical business address

Listed companies

Registration Certificate (Registrar of Companies or equivalent regulator- foreign

companies)

Documentary evidence of listing (printout from the official website of the stock

exchange on which the entity is listed is required)

Authority to act : Directors' resolution

Identity document proof of residence and contact details of persons authorised to

act

Pension funds

Registration certificate (Registrar of Pension Funds)

Authority to act : trustees' resolution

Identity document, of persons authorised to act

Details of Residential Address and contact details of the Trustees and persons

authorized to act

court and Identity document, physical residential address and contact details of


Unlisted companies: Foreign

Official Document of Incorporation (or CoR 17.1)

Registration Certificate (CoR 17.3)

If trading in RSA, documents for RSA unlisted companies

Authority to act : Directors' Resolution

Identity document/Passport, details of physical residential address and contact

details of related parties and persons authorised to act

Proof of physical business address and trading/operating name

Close corporations

Founding Statement and Certificate of Incorporation (CK1)

Amended Founding Statement (CK2), (If applicable)

Authority to act : Members' Resolution

Identity document, physical residential address and contact details of each

member, persons authorised to act and of the Person Exercising Executive control

over the CC.

Proof of physical business address and trade name

Conversion of Close Corporation (If a Close Corporation converts to another entity type, the

following forms are applicable )

Form CoR 18.1 – Application to convert a Close Corporation

Form CoR 18.3 – Registration Certificate

Other entities (Legal persons)

Founding Document/Document of Constitution/Registration Certificate

Schools: Registration Certificate issued by the relevant Department of Education

Private schools must be registered with the Department of Education in terms of

Section 46 of the Schools Act

Public Schools: Government Gazette which stipulates the full name of the school

Regulated Funds: Certificate of Registration/Letter from regulator confirming that the

entity has been registered and copy of the Rules of the Fund - must bear the stamp

of the Regulator

Churches and other Non Profit Organisations: registration certificate issued by the

Non Profit Organisation Directorate

Governmental bodies other than municipalities: Government Gazette which includes

the name of the relevant Municipality/ Governmental Body and proof of investment

mandate

Authority to act : Authorised Signatories' Resolution

Identity document, details of physical residential address and contact details of

Person/s Authorised to act and of the of the Person Exercising Executive control


Deceased estates

Letter of Executorship/Letter of Authority

Authority to act: special power of attorney (if applicable)/ executors'/ authorised

signatories' resolution

Identity document, details of physical residential address and contact details of


Medical aids

Registration certificate (Council for Medical Schemes)

Authority to act : trustees' resolution

Identity document, physical residential address and contact details of trustees and



Proof of physical residential address: One of the following documents reflecting name and physical residential address (must be less than 3 months old) is required for proof of address:

Utility bill (must be less than 3 months old, unless otherwise specified)

Current lease or rental agreement

Bank statement

Municipal rates and taxes invoice

Valid television licence

Mortgage statement

Telkom account

Valid motor vehicle licence

Spouse/partner

Any of above documents for spouse, together with marriage certificate or if not available;

Affidavit from person co-habiting with client, providing:

Name, identity number and physical residential address of client and co-habitant

Relationship between client and co-habitant

Confirmation that residential address is shared


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Insurance policy

Tax return (less than 1 year old)

Letter from bank manager, medical practitioner, accountant, or attorney, on a formal

letterhead, stating that they know the client for three years and confirming physical

address

Letter on letterhead, signed by board of trustees, directors’ etc. confirming physical

business address

Correspondence from a body corporate or shareblock association

Payslip or salary advice

All address verification documents must be valid and reflect the name and the current

physical address of the client (legal property descriptions are also acceptable - e.g. erf/stand

numbers).

Parent:

Any of above documents for parent

Must be accompanied by the child's birth certificate (for a minor)

If above documentation not available:

Visit to physical address by a STANLIB employee, or

Affidavit from client (as a last resort), providing:

Name, identity number and physical residential address

Confirmation that client resides at physical residential address

If a 3rd party is acting on behalf of the investor the following is required:

1. Proof of authority i.e. power of attorney, mandate, resolution, court order, letters of appointment by the Master of the High Court.

2. Documents as for Individual FICA above, for the person who is acting on behalf of the Investor and a specimen signature on the ID/ passport.

3. If the Investor is a minor, the application form must be signed by the legal guardian.

This document details the documentation required from clients (individuals and entities) for SARS foreign tax reporting.

FATCA/CRS AND BUSINESS REQUIREMENTS

The government of South Africa has entered into agreements under which it has agreed to the automatic exchange of information with other countries. These agreements are aimed at improving

tax compliance between the countries over financial assets held by investors within their boundaries. As a result of these agreements, South Africa has introduced tax laws which require that we

collect information about each investor’s tax residency and tax classification. We are also required to report the tax information we have collected together with the investor’s investment

account(s) information to the South African Revenue Services (SARS).

What this means for you as a client is that STANLIB is obliged to provide SARS with certain information you provide to STANLIB when you invest or transact with us. SARS in turn may pass the

information to other tax authorities outside South Africa as required by the agreements the government has entered into. STANLIB may, in complying with its reporting obligations to SARS, make

use of the services of other companies in its group of companies in collating, interpreting, storing and forwarding of your information to SARS.

Individuals: Foreign

Proof of Naturalization as a South African

Proof of Dual Citizenship, if you have been issued with a South African identity

Document

Tax registration certificate

Foreign TIN number or equivalent registration number

Unlisted Companies: South African

Proof of registration as a Financial Institution: i.e is the entity registered as a Bank as

defined in the Banks Act or a Financial Services Provider as defined in FAIS registered

as entity that is regulated by CISCA, LTIA or STIA

Copy/extract of share register showing all persons/entities that own more than 25% of

the issued share capital

Close Corporations


defined in the Banks Act or a Financial Services Provider as defined in FAIS

or registered as entity that is regulated by CISCA, LTIA or STIA Partnerships

Proof of residential address and contact details for Partnership




Professional Partnerships

In respect of the Principal Executive Officer , each Partner, each Authorized person,

and each shareholder holding more than 25% of the voting rights and/or shares of the

company:







the issued share capital.

Medical Aid Funds

List of members who have a right to more than 5% of the fund:The identity document and proof of address ( same requirements as for an individual)

Pension Funds

List of members who have a right to more than 5% of the fund:The identity document and proof of address ( same requirements as for an individual)

Unlisted Companies: Foreign

In respect of the Principal Executive Officer , each Director, each Authorised Person,


company:

Certified copy of the Identity Document


Foreign TIN number or equivalent registration number in country of registration

Proof of registration as a bank or a financial services provider or a collective

investments scheme


the issued share capital

Listed Companies

Documentary evidence listing (printout from the official website of the stock exchange on which

the entity is listed is required);

Certified copy of Change of Name, if applicable (CM9 or CoR 9.1 or 2)

Notice of Registered Office and Postal Address (CM22 or CoR 21)

In respect of the Principal Executive Officer , each Director, each Authorised person,


company:




defined in the Banks Act or a Financial Services Provider as defined in FAIS or

registered as entity that is regulated by CISCA, LTIA or STIA



Authority to act: Directors' resolution:




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FICA DECLARATION

TO BE COMPLETED BY FINANCIAL ADVISERS NOT SUBMITTING FICA DOCUMENTATION

I confirm that I am the primary accountable institution (as described in the FICA regulations) in respect of the investor on whose behalf I am establishing a business relationship or concluding a

single transaction with the Manager (the secondary accountable institution). I confirm that I have established and verified the identity of the investor in terms of section 21 of FICA. I confirm that I

will keep a record of the investor’s records as is required in terms of section 21 of FICA. I will make available copies of these documents and details of the verification procedures followed on

request from any party entitled thereto in terms of FICA within 5 business days of request

SIGNATURE OF FINANCIAL ADVISER

DATE - -

D D M M Y Y Y Y

SIGNED AT

DECLARATION

We are required to collect, process and share your Personal Information (PI). Your PI is collected and processed by our staff, representatives or sub-contractors and we make every effort to protect

and secure your PI. You are entitled at any time to request access to the information STANLIB has collected, processed and shared.

I/We agree to provide all documentation and information required in terms of the Financial Intelligence Centre Act, No. 38 of 2001, and understand that STANLIB is prohibited from processing any

transaction on my behalf until all such documentation and information has been provided. Any money received by STANLIB that is not accompanied by the required documentation will be held in

a call account until said documentation is received.

The Client and the Financial Adviser, by signing this form, state and declare that they have each read and understood the terms and conditions pertaining to the investment; including but not

limited to Investment Objective, Information on Net Asset Value, Charges, including the Effective Annual Cost, Risk Factors, Income Accruals and declare that the STANLIB and Financial Adviser

charges as indicated on this application form are correct; warrant that all statements given by each of them in this application form are true and correct in every aspect; and that such statements

shall form the basis of the contract which is to be entered into with STANLIB as well as the contract between the Client and the Financial Adviser.

The Client understands that in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS”), his Financial Adviser must be mandated by a licensed Financial Services Provider

(“FSP”) as a representative with the necessary FAIS sub - categories to act on the Client's behalf and that it is also the Client's responsibility to determine whether his Financial Adviser has the

necessary authorization. (FSB toll free number: 0800 110443). The Client understands and confirms that STANLIB is entitled to act on his Financial Adviser's instructions, whether in written or

electronic format, as if they were the Client's own instructions. The Client hereby indemnifies STANLIB against all losses or damage, which he may sustain, as a result of transactions entered

into on the basis of this delegation of authority by the Client to the Financial Adviser. Where the Client has terminated his Financial Adviser's appointment, it is the Client's responsibility to advise

STANLIB of such termination immediately. On receipt of such written notification, STANLIB will cease payment of all charges, other than accrued charges, to the Financial Adviser. The Client

agrees that STANLIB will pay to such Financial Adviser the agreed charges as set out in this Application Form. If a Financial Adviser is not mandated as required by the Financial Services Board,

STANLIB is obliged by law to decline any instructions from such Financial Adviser. STANLIB may and will accept instructions on the strength of the Client’s signature.

SIGNATURE OF CLIENT/ AUTHORISEDSIGNATORY

DATE - -

D D M M Y Y Y Y

SIGNED AT

SIGNATURE OF FINANCIAL ADVISER/S

DATE - -

D D M M Y Y Y Y

SIGNED AT


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