Main telephone & fax number (including country codes): Tel: /7/8

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1 1. Details about the exchange Name: Mozambique Stock Exchange Country: Mozambique Brief history (founded): In 1997, the Government of Mozambique, through the Ministry of Planning and Finance (currently the Ministry of Economy and Finance), created the "Installing Commission of the Mozambique Stock Exchange", whose mission was to promote the organization of the capital market in Mozambique, specifically the creation of the necessary institutional and legal structures and the establishment of a stock exchange. As a result of the Installing Commission s activities, the Council of Ministers approved the legal instruments for the operation of the Mozambique Stock Exchange, particularly Decrees 48/98 and 49/98, both dated September 22, regarding the regulation of the Securities Market as well as the creation of the Stock Exchange and its internal regulation. The Stock Exchange is a public institute created in 1998, endowed with administrative, financial and patrimonial autonomy. The Stock Exchange is responsible for the creation and maintenance of premises and systems equipped with the necessary means for the operation of a free and open market directed to the purchase and sale of securities. The Exchange also provides the registration, clearing, settlement and disclosure of information on transactions. 2. Contact details Psychical address: Av. 25 de Setembro, nº1230, 5º andar, Bloco 5, Maputo Main telephone & fax number (including country codes): Tel: /7/8 Website & general address: Main contact person(s) at exchange with direct telephone number, and designation: Ilídio Guibalo, Ilidio.guibalo@bvm.co.mz, Executive Director Almeira Paruque, almeira.paruque@bvm.co.mz, Technician

2 3. Info on listings Number of stocks listed: o Date of this information: Designation EQUITY Quantity listed Listing Data Last Price (MZN) Last Dividend Paid Year/Month Value (MZN) CDM - Cervejas de Moçambique 121,770, / CMH - Companhia Moçambicana de Hidrocarbonetos 593, / CETA - Construção e Engenharia 17,500, EMOSE - Empresa Moçambicana de Seguros 15,700, / Exchange market cap: o Date of this information: Million USD Dual listed stocks: None Market indices (main ones only if many): None 4. Settlement, clearing & depository details What is settlement process: D+3, DVP. How failed trades are managed: Failed trades are reported to the supervisor (Bank of Mozambique), who is responsible for deciding the following steps. Partial settlement: Yes Securities lending: No. To be implemented Over the counter trading (OTC): Yes Shorting: No 5. Corporate actions How are they published: Only corporate actions of listed securities are published, and this is done by the stock exchange through its website. A bulletin with the announcement is published three days before the payment of interests and dividend. Interest rates are informed at the starting period of the coupon and dividend value per share is communicated at least 15 days prior to the payment. Standard procedure for dates: The dates relating to declarations of dividend is as follows: Board declares Dividend on a certain date indicating the record date Last cum-dividend date is set three days before the record date Payment date, the working date immediately after the record date

3 Communication to the market has to be made at least 15 days prior to the payment Payment by the brokers has to be finalized at the payment date itself. Proxy voting procedure: 6. Exchange listing news Process for distribution of listed securities news: Published on BVM website, on the date of admission to listing Source for listed securities news: Boletim de Cotações, under Ad.Cot : 7. Market custodians Names & contact details: Brokers and Custodians (Standard Bank, Banco Único, Banco de Investimento Global (BIG), Barclays Bank Mozambique, Banco Comercial e de Investimentos (BCI), Cooperativa de Poupança e Crédito (CPC), Millennium BIM, Moza Banco, Banco Nacional de Investimento (BNI) and African Banking Corporation Mozambique) Custodians: First National Bank Mozambique, Ecobank, Societe Generale Moçambique and Banco Mais 8. Trading structure Mozambique Trading platform 9. Membership and list of members Names & contact details: Standard Bank Av.10 de Novembro, no.420, Maputo Telefone: +258 (21) / +258 (21) Fernando de Oliveira (Fernando.oliveira@standardbank.co.mz) Mauro Katao (mauro.kataoo@standardbank.co.mz) Leonilde Macauze (leonilde.macauze@standardbank.co.mz) Banco Único Av. Julius Nyerere, nº 590, CP 3698, Maputo Telefone: +258 (21) Oswaldo de Brito Fernandes (osvaldo.fernandes@bancounico.co.mz) Samuel Alberto Fumo (samuel.fumo@bancounico.co.mz) Banco de Investimento Global (BIG) Av. Vladimir Lenine, n174, Ed Millennium Park, 11º Andar, Maputo

4 Telefone: +258 (21 ) / Sérgio Magalhães (sergio.magalhaes@bancobig.co.mz) Belarmino Sitoe (belarmino.sitoe@bancobig.co.mz) Aires Mucombo (aires.mucombo@bancobig.co.mz) Barclays Bank Mozambique Av. 25 de Setembro, nº 1184, Maputo Telefone: +258 (21) / +258 (21) Fax: +258 (21) Alberto Pitoro (albertop@barclays.co.mz) Bonifacio Massamba (bonifaciom@barclays.co.mz) Patricia Darsan (patriciad@barclays.co.mz) Banco Comercial e de Investimentos (BCI) Av. 25 de Setembro, Prédio John Orr s, 1645 CP 4765, Maputo Telefone: +258 (21) / +258 (21) Fax: +258 (21) / +258 (21) Perpétua Palmira Macuácua (perpetua@bci.co.mz) Natércia Filimão (irene.filimao@bci.co.mz) Cooperativa de Poupança e Crédito (CPC) Av. 25 de Setembro nº º andar, Maputo Telefone: +258 (21) Fax: +258 (21) José Vaz Pele Fernandes Rosa (vaz.rosa@cpc.cp.mz) Nilton Cesar Albino Maxaieie (nilton.maxaieie@cpc.co.mz) Célia Irina Fanuel Mabunda (Célia.mabunda@cpc.co.mz) Millennium BIM Rua dos Desportistas, Nº , Maputo Telefone: Fax: Jorge Pina Mendes (jmendes@millenniumbim.co.mz) Moza Banco Rua dos Desportistas, Edifício JAT 5.3 n.º 921, Maputo Telefone: +258 (21) Avelino Jeque ( avelino.jeque@mozabanco.co.mz) Claúdio Pondja (claudio.pondja@mozabanco.co.mz) Haidar Mahomed (haidar.mahomed@mozabanco.co.mz) Banco Nacional de Investimento (BNI) Av. Julius Nyerere, 3504 Bloco A2, 4668 Maputo Telefone: +258 (21) / Fax: +258 (21) Márcio B. R. Francisco (bruno.francisco@bni.co.mz) Ndauja Felismina Alberto Leonardo Cuvelo (Ndauja.CUVELO@bni.co.mz) African Banking Corporation Mozambique Av. Jullius Nyerere, 999, CP 1445, Maputo Telefone: +258 (21) Fax: +258 (21) / +258 (21) Nilza Adam (anilza@bancabc.com)

5 Agnelo Biosse 10. Trading days / times and public holidays General non-trading days (e.g.: closed on public holidays and half day the trading day before Christmas): Trading days: Monday to Friday, from 8 AM to 12 PM Non-trading days: public holidays Trading hours: From 8 AM to 12 PM Details for calendar year of when exchange will be closed: o Mozambique Public holidays 2017: January 1: New Years Day February 3: Heroes Day April 7: Mozambican Women s Day May 1: Worker s Day July 25: Independence Day September 7: Victory Day September 25: Revolution Day October 4: Peace and Reconciliation Day December 25: Family Day Contact details for person who manages this process in case of ad-hoc holidays: NA 11. Regulators Assembly of the Republic Council of Ministers Ministry of Economy and Finance Bank of Mozambique (Supervisor) Mozambique Stock Exchange 12. Tax Dividend tax treatment: 10% is withholding on dividends and 20% on accrued interest. Capital gains or income tax: o Can link and supply contact details to relevant government authority: NA Transaction tax(es):

6 No stamp or registration duty is payable during transactions in securities listed on the Mozambique Stock 13. Exchange controls None 14. Non-resident restrictions Ownership restrictions if any: None Repatriation of capital / profits: Foreign investors have the right of capital repatriation, benefiting from special treatment by the Bank of Mozambique. 15. Trade restrictions and processes Odd lots: NA Minimum / maximum requirements: The minimum purchase / sale of 1 unit for both Shares and Debt Securities. Order types Best offer - for both sellig our buying With limit of the selling/buying price Moreover, in regards to price, securities have a margin of negotiation (maximum and minimum) which varies according to price of reference, 15% for equity and 5% debt securities. 16. Trading costs Exchange level costs or requirements (brokers costs may vary): Holding costs: Stock Exchange The tax for the exchange operations is payable by the investors (selling and buying) Government bonds: 0,04% of the value of transaction Corporate bonds transaction rate: 0,06 % of the value of transaction; Equity transaction rates: 0,10 % of the value of transaction; Brokerage rate is payable by the investor and this is calculated from the value of transaction: to a maximum of 0,20% and a minimum of 50 MT (0.71 USD). CSD

7 Fee of 0,02% for regular Government Bonds and 0.01% applied for special issues of Bonds Set at 0,2% for all securities, also charged for the buyer and seller separately.

Main telephone & fax number (including country codes): Tel: Fax:

Main telephone & fax number (including country codes): Tel: Fax: 1. Details about the exchange Name: Namibian Stock Exchange (NSX) Country: Namibia Brief history (founded): In 1990 National Independence was obtained from South African occupation and the idea of a second