Working Career Retirement

Accumulate Use

± 40 years 18 + 14 years

Cons @ 15% Growth @ CPI + 6%

Sustainable income CPI Protection

PHASE

ACTION

DURATION

GOALS

INCENTIVESE E T

Estate exclusion

75% NRR

SA Equity SA Fixed Interest International27Four Incubation 27 Four Incubation All Seasons EM & Hedge G7

Abax Findi Ashburton Credit Enhanced Atlantic Leaf Real Estate

Allan Gray Growth/ Value Futuregrowth Unlisted Credit ECM Credit Bonds

Coronation Growth/ Value Sanlam ILB's Grovepoint Opportunity

Investec Alpha Transfer TriAlpha ILB's Hosking Eccentric Value

Kagiso Growth/ Value Vantage Unlisted Credit Investec Alpha +Prop

Ke Nako PE Morgan Stanley Global Franchise

Leaf Capital Unlisted Props SA Money Market Prudential Tactical Allocation

Lereko Metier PE 27 Four Incubation Sanlam Financials

Prudential Value & Resi Edge Capital Hedge Cash Sesfikile Listed Props

PSG Style Rotation Edge Capital Hedge Equity Trialpha EM Credit Bonds

Rocklands Unlisted Props SRI Prudential High Interest AfricaRockwood PE Taquanta High Income MM All Seasons MM & FOF

Sesfikile Listed Props Investec Unlisted

Novare Unlisted Prop

Sanlam Satellite & Prop

Vantage Unlisted Credit

Pensioner Portfolio

Shari’ahPortfolio

Capital Protector

Money Market

PensionProtector

InflationProtector

5

WealthBuilder

12

PORTFOLIO RETURNS AT 30 JUNE 2016

PORTFOLIO 1 YEAR 3 YEAR 5 YEAR

Gross Net Gross Net Gross Net

Sentinel Wealth Builder 9.27% 8.72% 15.01% 14.45% 16.42% 15.83%

Sentinel Inflation Protector 9.47% 8.94% 14.71% 14.21% 16.15% 15.66%

Sentinel Pension Protector 9.98% 9.48% 14.07% 13.61% 15.67% 15.23%

0,00% 0,50% 1,00% 1,50% 2,00% 2,50% 3,00% 3,50%

BoliviaEl Salvador

UK NESTUruguay

ColombiaSA (non-com umbrella)

IsraelChile

MexicoPeru

UK (median occ DC)Argentinia

PolandSA (Cheapest RA)SA (Large occ DC)UK (Shareholder)

Hong KongSerbia

SA (Comm Umbrella)Czech Republic

SA (RAF)Turkey

SA (RAF)

Estimated 40-year annual RiY for various SA plan types in an international context

SOURCE: National Treasury: Charges in SA Retirement Funds: 11 July 2013

SENTINEL’S TOTAL COST RECOVERY

Wealth Builder 0.54%Inflation Protector 0.53%Pension Protector 0.51%Money Market 0.23%Pensioner Pool 0.49%Shari’ah 0.99%Capital Protection 0.65%

21%

37%

60%

81%

112%

0%

20%

40%

60%

80%

100%

120%

1 2 3 4 5

NRR Illustration

Avg Salary Increase of7%pa

Years Service18 23 28 33 38

MIC Investment Choice

Spouse Provision

Term Certain

Income Choice

Guaranteed for life

Guaranteed Flexible

75%

25 yr5 yr

With Profit

Tier 1 Tier 2 Tier 3

Guaranteed

100%Spouse Provision

Term Certain

Guaranteed for life

0%

25 yr5 yr

With Profit

100%

MINIMUM TARGET: 80% of CPI

YEAR INCREASE % of CPI BONUS

2015 6.0% 128% 10%

2014 8.6% 130% 15%

2013 6.0% 109% 15%

2012 5.0% 91% 10%

2011 5.0% 100% 10%

2010 5.0% 119% 10%

2009 6.0% 87% 10%

2008 8.0% 69% 10%

2007 8.0% 125% 25%

2006 8.0% 167% 8.3%

2005 8.6% 245% 8.3%

Income Source Average

SASSA 2016 R1,500+R20

BankServ PPI 2016 R6,226

Employed70%

18%

12%

G BORNSTART DATE

EVENTMONTHLY PENSION BONUS

START NOW 2015

M 1915/09 1979/04 NRA R1,042 R46,145 R52,239