If you require assistance in completing this application, please contact Client Services on

ESTOR DETAILSVESTOR DETAILS A. IMPORTANT INFORMATION Application Form PSG Collective Investments Limited administers the unit trusts. It is authorised do so as a Manager in terms of the Collective Investment Schemes Control Act. In this form it is referred as PSG Asset. If you require assistance in completing this application, please contact Client Services on 0800 600 168. Complete all sections of this application form. Note that the PSG Wealth funds are only available for investment through a PSG advisor where appropriate solutions have been determined via the PSG advice process. The cut off time for processing investment transactions is 14h30 daily, with the exception of the PSG Money Market Fund which is 11h00 daily transact at the ruling price on the day. For once-off collections the application must be received by 12h00 in order transact at the ruling price on that day. The completed application form, proof of payment, FICA documentation and confirmation of banking details should be faxed PSG Asset, on 021 799 8181 or emailed utapps@psg.co.za and mailed Private Bag X3, Constantia, 7848. Please refer the rules regarding faxed and e-mailed application forms as set out in the Terms and Conditions under Section O of this application form. B. ACCOUNT DETAILS (existing Invesrs) CCOUNT DETAILS (existing invesrs) Invesr Number First Name and Surname [Authorised contact person] Corporate entity name C. INVESTOR DETAILS (new invesrs) ESTOR DTAILS (new invesrs) Investing Entity type Individual Invesr Trust Unlisted Company Listed Company Close Corporation Unincorporated Entity (partnership, sole proprier, body corp.) Other (please specify) Language First Name and Surname [Authorised contact person] Title Corporate entity name Country of Citizenship (individuals) / Incorporation (Corporate) Method of identification Identity document Founding document/trust deed Passport (non-residents) ID no./registration no./ Passport no. (non-residents) Passport Expiry Date Country Physical Address or principal place of business Country Postal Address (Mail relating your investment will be sent this address) Country Code Code Please indicate whether you would prefer receive correspondence either by email or post Post Email Email Telephone Home Work Fax Cell Gender Male Female Date of birth / / Marital Status Single ANC In-Community Divorced Widow/Widower Page 1

Are you a PEP (politically exposed person) (See Section P on page 8) Yes No Where the application is made on behalf of a legal entity, trust or unincorporated entity; is the contact person or any stakeholder in the applicant a PEP? Yes No D. TAX DETAILS D. TAX DETAILS Registered Tax Payer Yes No Tax Number Other Tax Number Country of Tax Residency Tax Country Residency Status Please indicate your residency status Permanent resident (including citizen) you are a permanent resident of South Africa or the Common Monetary Area (i.e. Namibia, Swaziland and Lesotho). Non-resident you have never lived in South Africa or the Common Monetary Area. Foreign national living in South Africa you normally live in South Africa or the Common Monetary Area, but you have not received your permanent resident status. South African national who is living outside of South Africa you normally live outside of South Africa or the Common Monetary Area, but you have not officially emigrated from South Africa. Emigrant you have formally emigrated from South Africa or the Common Monetary Area via a local authorised foreign exchange dealer and your emigration has been placed on record with the South African Reserve Bank. Foreign Account Taxation Compliance Act (FATCA) declaration Are you a citizen of or tax resident of the United States of America? Yes No If yes, please complete the following Place of birth in the USA Tax reference number and/or Tax Identification number(s) Dividend Withholding Tax Are you a Regulated Intermediary Yes No We are required pay Dividend Withholding Tax (DWT) on your behalf where applicable. This tax will be deducted before we pay any dividends you or re-invest these in your investment account. Unless we receive information from you indicating otherwise, we will deduct DWT at the default rate of 15%. Are you exempt from Dividend Withholding Tax Yes No If you have answered Yes, please select the applicable option The invesr is exempt because it is A B C D E F A company or close corporation resident in South Africa for tax purposes. The South African government, provincial government or municipality. A non-profit organisation (approved by SARS in terms of Section 30(3) of the Tax Act). A trust contemplated in Section 37A of the Tax Act e.g. mining rehabilitation trusts. An institution, body or board contemplated in Section 10(1)(cA) of the Tax Act. A pension fund, pension preservation fund, provident fund, provident preservation fund, retirement annuity fund, beneficiary fund or benefit fund registered by SARS in terms of the Pensions Funds Act, 1956. G A person contemplated in Section 10(1)(t) of the Tax Act, e.g. SANRAL, CSIR. H A shareholder in a registered micro business as defined in the Sixth Schedule the Tax Act the extent that the aggregate amount of the dividend paid by that registered micro business its shareholders during the year of assessment in which that dividend is paid does not exceed R200 000. If you are a non-resident for tax purposes, you may in addition qualify for a partial exemption of DWT. Please go forms where you can read about DWT and download the relevant forms which you need submit us. In the absence of us receiving these properly completed forms we will deduct DWT at the default rate of 15%. Declaration: I/We undertake forthwith inform PSG Asset should there be any change in the tax status indicated in this application form. Signature of Invesr Date Page 2

E. AUTHORISED REPRESENTATIVE DETAILS (Invesr represented by guardian or third party in terms of a Power of Atrney) Country of Citizenship First name Title Surname Method of identification Identity document Passport (non-residents) ID no./passport no. (non-residents) Passport Expiry Date Country Physical Address or Principal Place of Business Code Country Postal Address (Mail relating your investment will be sent this address) Code Country Please indicate whether you would prefer receive correspondence either by email or post Post Email Email Telephone Home Fax Work Cell Gender Male Female Date of birth F. INVESTMENT DETAILS F. INVESTMENT DETAILS I/We apply invest in the funds under Annexure A, in accordance with the provisions of the Trust Deed of the Fund, at the ruling price at the close of business on the date of receipt of the investment funds by PSG Asset provided the instruction is received for processing prior 14h30 daily, with the exception of the PSG Money Market Fund which must be received by 11h00. Note that the PSG Wealth funds are only available for investment through a PSG adviser where appropriate solutions have been determined via the PSG advice process. Method of payment. (Please note no cash deposits.) Cheque* Debit Order Electronic Transfer Once-off Collection (Maximum of R500,000, minimum of R2,000)** *Cheques can be made the credit of the relevant fund as indicated in Annexure A. Please note that there is a 14 day holding period on a personal cheque. **PSG Asset will directly debit the sum as indicated in Annexure A from your bank account. For applications received prior 12h00 the investment will be at the ruling price on that day, failing which the investment will be at the ruling price of the following business day. Please refer Section I Once-Off Authorisation for further details. The banking details are as follows Bank Standard Bank Branch Thibault Square Branch code 020909 Account Relevant account no. as per Annexure B Please attach your proof of payment (bank deposit slip, cheque or EFT advice) this Application Form G. REGULAR WITHDRAWAL PAYMENTS (Only for invesrs who require regular withdrawals from their investment) Please select the frequency Monthly Quarterly Half Yearly Yearly Please specify the month you wish the withdrawal commence (Month) 20 Redemption date is the 22 nd day of each month or the 1 st business day following thereafter. If the payment instruction is received after the 19 th of the month the withdrawal payment will only be processed on the 22 nd of the following month. Fund Name Amount according frequency selected R R R Page 3

Fund Class Fund Class Pay out Reinvest H. BANK ACCOUNT DETAILS Bank Name Account number Branch (Code) Account Type Current Savings Transmission Full name of account holder Please attach a cancelled cheque or original copy of your bank statement. I. DEBIT ORDER AUTHORISATION (Monthly investments) I/We, the undersigned, request and instruct PSG Asset draw against my/our bank account the investment amounts specified in Annexure A of this application. Monthly investments will be drawn on the 1 st working day of each month for investment at the ruling price on that day. If the payment instruction is received after the 22 nd of the month the debit order will take effect on the 1 st working day of the following month. I/We hereby indemnify PSG Asset against any loss or damage it may suffer or incur should the recurring debit order either be reversed or not be honored for any reason whatsoever. 1 st day of (Month) 20 All such withdrawals from my/our account shall be treated as though they have been signed by me/us personally, and I/we request the bank debit my/our account with these drawings. I/We agree pay any bank charges and costs relating this debit order authority. This authority may be cancelled by me/us giving PSG Asset 30 (thirty) working days notice in writing. Should you wish cancel the debit order and the instruction is received after the 22nd of the month, this cancellation will only take effect from the 1st day of the second month after notice is received. Please note there is a 40 (forty) day holding period on debit order payments. PSG reserves the right cancel debit orders ensure the equitable treatment of invesrs should fund offshore capacity become restricted. Date Signature of authorised bank account holders(s) J. ONCE-OFF COLLECTION AUTORISATION. ONCE OFF COLLECTION AUTHORISATION Bank Account details for collection Full name of account holder Bank Name Account number Account Type Current Savings Transmission Branch (code) Funds are deducted from the invesr s bank account 1 business day after the receipt of a valid and complete application form and supporting documentation. Electronic collection by the Administrar are restricted a maximum of R500 000 per debit per day (Minimum of R2000). Where a higher amount than this is requested, multiple debit instructions will be processed on consecutive days. Each debit instruction will be treated as a separate transaction. Debit Instruction Consent per transaction (Initial) Target Fund Name* (The PSG Wealth funds are only available for investment through a PSG adviser ) Rand Value of Debit per Transaction ( R500 000 per transaction) OR Initial Advice - Included in Unit Price (Refer Annexure A) and Sale of Units Advice 1.20% in tal % Sale of Units Advice Clean Classes 1.20% * Please refer Annexure A for a description of the s. Certain maximums apply each type of fee. For amounts in excess of R2.5 million a client direct transfer will be required. I/We, the undersigned, request and instruct PSG Asset draw against my/our bank account the investment amount in terms of this application. The initial investment will be at the ruling price on that day for applications received by 12h00, failing which each subsequent investment at the ruling price on the following day(s). The cut off for the PSG Money Market Fund once-off collection is 11h00 and the investment will be allocated the following business day(s). Page 4

Fund Class Fund Class Pay out Reinvest Please ensure that a once-off debit collection is allowed against your bank account. Please note there is a 40 (forty) days holding period on once-off debit collections. I/We request the bank debit my/our account with the above mentioned sum(s). I/We hereby indemnify PSG Asset against any loss or damage it may suffer or incur should the once-off debit order either be reversed or not be honored for any reason whatsoever. Signature of authorised bank account holder(s) Collection Date K. PHASE-IN LUMP SUM INVESTMENTS (Phasing in is only allowed from the PSG Money Market Fund) PHASE-IN OF LUMP SUM INVESTMENTS ( Phasing in is only allowed from the PSG Money Market Lump sum investment be phased in? Yes No Phase-in commencing on the 5 th of (Month) 20 Last phase-in on the 5 th of (Month) 20 Target Fund Name* (The PSG Wealth funds are only available for investment through a PSG adviser) Amount (min. of R2000, PSG Money Market R25 000) OR Initial Advice - Included in Unit Price (Refer Annexure A) and Sale of Units Advice 1.20% in tal % Sale of Units Advice Clean Classes 1.20% * Please refer Annexure A for a description of the s. Certain maximums apply each type of fee. Phasing in is only allowed from the PSG Money Market Fund and is processed monthly. Please ensure that the lump sum is deposited in the account from which the phasein will be effective. Phase-in s are processed on the 5 th of each month. Where this falls on a weekend or public holiday, they are processed on the first business day thereafter. Please note that a phase-in can only be processed 10 business days after processing of the original investment. This may result in the phase-in being carried over the next available date,that is the 5 th of the following month. Should the phase-in option be cancelled and the remaining balance in the PSG Money Market Fund is less than the minimum balance allowed, the Administrar reserves the right transfer the remaining amount the funds selected for phase-in. L. SOURCE OF CONTRIBUTION. SOURCE OF CONTRIBUTION Source of amount invested (proof may be requested) Salary Bonus Retirement Savings Inheritance Other M. FINANCIAL SERVICE PROVIDER (FSP) AUTHORISATION. FINANCIAL SERVICE PROVIDER (FSP) AUTHORISATION I/We have met with the Invesr prior the investment being placed with PSG Asset and the necessary due diligence process as required by legislation has been satisfacrily carried out. I/We, an accountable institution so defined, warrant that I/we have established and verified the true identity of the Invesr in accordance with the Intelligence Centre Act 38 of 2001 (FICA) and confirm that identity checks have been undertaken confirm that the Invesr s name, address and identity as shown in this application form are true and correct. Attached please find copies of the documents evidencing the legal structure and existence of the Invesr as required in Section N of the Application Form. I/We confirm that I/we subscribe and adhere the fit and proper requirement and other statury obligations and criteria imposed by legislation covering advice dispensed and / or intermediary services rendered invesrs. Page 5

I/We declare that I/we are required sign an Intermediary Partner Agreement and I/we shall comply with the provisions set out in the Intermediary Partner Agreement entered in between myself/ourselves and PSG Asset. I/We warrant that I have provided the client with the minimum disclosure document and relevant information and disclosures as required by CISCA, FAIS and subordinate legislation. I confirm that the fees as stipulated in Annexure A have been disclosed and agreed with the Invesr(s). Name of brokerage Name of financial adviser FSP number PSG Code Signature of financial adviser Date Page 6

Fund Class Fund Class Pay out Reinvest ANNEXURE A: INVESTMENT AND FINANCIAL ADVISER FEE DETAILS P S G Core Funds Fund Name Lump Sum Amount (min. of R2000, PSG Money Market R25 000) Debit Order Amount (min. of R250) O R Initial Advice - Max. of Included in Unit Price and Sale of Units Advice 1.20% in tal % PSG Equity Fund A 0.50% E PSG Flexible Fund A 0.25% E PSG Balanced Fund A 0.50% E PSG Stable Fund A 0.50% E PSG Diversified Fund A 0.50% E PSG Fund A 0.25% E Sale of Units Advice Clean Classes PSG Money Market Fund NA NA A 0.00% * NA NA NA PSG Global Equity der Fund A 0.50% E PSG Global Flexible der Fund A 0.50% B P S G M u lti- F u n d s PSG Multi- Balanced FoF A 0.50% D PSG Multi- Cautious FoF A 0.50% D PSG Multi- Equity FoF A 0.50% D PSG Multi- Foreign Flexible FoF A 0.50% D PSG Multi- FoF A 0.50% D P S G W e a lth F u n d s (The PSG Wealth funds are only available for investment through a PSG adviser where appropriate solutions have been determined via the PSG advice process.) PSG Wealth Crear FoF A 1.15% D PSG Wealth Crear FoF B 0.90% NA NA NA PSG Wealth Enhanced Interest Fund A 0.30% D PSG Wealth FoF A 0.90% D PSG Wealth FoF B 0.65% NA NA NA PSG Wealth FoF A 1.15% D PSG Wealth FoF B 0.90% NA NA NA PSG Wealth Preserver FoF A 1.15% D PSG Wealth Preserver FoF B 0.90% NA NA NA PSG Wealth Global der Fund A 1.15% D PSG Wealth Global Crear der Fund A 1.15% D D e s t iny A s s e t M a n a g e r s Destiny Multi Asset PSG FoF A 0.50% * B * Destiny Prudential PSG FoF A 0.50% * B * Cat a lys t A s s e t M a n a g e r s Catalyst SA Property Equity PSG Fund A 0.25% * D * Catalyst Global Real Estate PSG der Fund A 0.25% * NA NA NA All income will be reinvested unless otherwise instructed. Please also note that income distribution cannot be paid in credit card or post office accounts. s (Advice and ) The may receive an Initial Advice and an annual Advice from the client, as well as an annual from PSG Asset. Fund Clean Classes have been introduced which contain no annual. Please specify all financial adviser fees that have not been pre-populated on Annexure A. Note that certain maximums (less than 1.20%) per portfolio apply for each type of fee (*), refer Annexure B for details of such maximums. The tal fee may not exceed 1.20% p.a. per portfolio. In respect of Initial s and annual Advice s, please note that if no fees have been specified, 0% will apply. If a fee higher than the maximum has been specified, the maximum will apply. Initial s may only be taken in 0.25% increments, and annual Advice s in 0.05% increments. I/We, the invesr, hereby confirm PSG Asset that the FSP indicated in section L is my appointed financial adviser and authorise the payment of the fees stipulated in Annexure A him/her. I/We understand that the annual Advice will be facilitated by the repurchase of units on a monthly basis from my/our investment before being paid my/our appointed financial adviser. I/We understand that the selected financial adviser fees are negotiated between the Invesr and the and I/we cannot hold PSG Asset liable for acting on these negotiated instructions. Max of 1.20% Signature of the Invesr Signature of Page 7

N. AUTHORISATION, DECLARATION AND ACKNOWLEDGEMENT I/We, the undersigned, hereby authorise PSG Asset act upon instructions by facsimile with regard my/our investment in PSG Asset without liability in respect of any transfer, payment or other act done in accordance with such instructions and notwithstanding the absence of proof that the same was signed or sent by me/us and indemnify PSG Asset against any claim that may arise from my/our transacting by facsimile. I/We warrant that the information contained herein is true and correct, and that, where this application is signed in a representative capacity, I/we have the necessary authority do so and that this transaction is within my/our powers. I/We warrant that all funds invested with PSG Asset are not the proceeds of unlawful activities and warrant that I/we have not contravened any anti-money laundering legislation and regulation applicable me/us. I/We understand that this whole application, read with the Trust Deed, constitutes the entire agreement between PSG Asset and myself/ourselves and agree be bound by the terms and conditions contained herein. I/We hereby consent PSG Asset making enquiries of whatsoever nature for the purpose of verifying the information disclosed and consent PSG Asset obtaining any other information about me/us from any source whatsoever enable PSG Asset process this application form. I/We confirm that I/we have received the following disclosure information - Investment objectives - Info on Net Asset Value - Charges - Risk Facr - accruals I/we confirm that I/we have read and understand the terms and conditions as set out in this application form and attached documents and agree be bound by it, prior completing the application form I/We are aware of and consent all costs relating the investment. I/We confirm that the risk profile of the investment has been explained me/us, and I/we understand that it is my/our obligation familiarise myself/ourselves with and accept the risks associated with this investment. O. F I C A REQUIREMENTS (COMPULSORY FOR ALL INVESTORS) In terms of the Intelligence Centre Act 38 of 2001, and the regulations there, PSG Asset is compelled identify and verify the identity of its clients. We require the following original documents, or an original certified copy of the documents. NATURAL PERSONS 1. SA Citizen/Resident 1.1 ID document. 1.2 Proof of residential address (less than 3 months old). 1.3 A document(s) confirming Tax number as registered at SARS. 2. Foreign Citizens 2.1 Copy of passport 2.2 Proof of residential address (less than 3 months old). 2.3 Proof of source of funds. LEGAL PERSONS 3. SA Companies 3.1 Certificate of Incorporation (CM1 or CoR15.2); Certificate of Change of Name of Company (CM9 or CoR14.3), where applicable; Notice of Registered Office and Postal Address (CoR21) bearing Registrar s stamp and signed by the Company Secretary and Certificate of confirmation issued by CIPC or Register of Direcrs, Audirs and Officer (CoR39). 3.2 Proof of business address (less than 3 months old). 3.3 Document(s) confirming Tax number as registered by SARS. 3.4 Documents as set out in 1.1 & 1.2 above in respect of the manager, all authorised representatives, and all individuals holding 25% or more of the voting rights at a general meeting. 3.5 Proof of authority act for company i.e. Direcr s resolution. 3.6 Documents as set out in 3.1 & 3.2 for legal persons holding 25% or more of the voting rights at a general meeting. 4. Trusts 4.1 The main deed or other founding document e.g. a will. 4.2 Letters of authority from Master (SA trust) or foreign regular (foreign trusts) trustees. 4.3 Document(s) confirming Tax number as registered by SARS. 4.4 Documents as set out in 1.1 and 1.2 respectively in respect of an individual founder of the trust, each individual trustee, each individual beneficiary and all authorised representatives. 4.5 A death certificate or certificate of deregistration where founder died or ceased exist. 4.6 Documents as set out in 3.1 & 3.2 in respect of any institutional beneficiaries, any institutional trustees or institutional founder of the trust. Further information is contained in the complete FICA Requirements document, which can be downloaded from the Manager s website at www.psg.co.za under Unit Trusts/Forms or is available on request from the Manager. P. TERMS AND CONDITIONS I/ We hereby apply invest the mentioned amount (s), in accordance with the provisions of the Trust Deed of the Fund, on the terms and conditions of this Application Form at the price ruling on the date of receipt of the funds by PSG Asset subject the application having been received before 11h00 for the PSG Money Market Fund, 12h00 for once-off collections and before 14h30 for all the other funds on the business day. This application form and the Deed will form the agreement between the invesr and PSG Asset. The Agreement will be administered in terms of the Collective Investment Schemes Control Act, 45 of 2002 ( the Act ). This Agreement shall be construed and interpreted in accordance with the laws of the Republic of South Africa. It is the policy of the PSG Asset Board of Direcrs comply with South African money laundering legislation prohibit and actively prevent the use of its worldwide operations for criminal purposes. When any investment is made, additional documentation for identification and verification purposes may be requested enable compliance with money laundering regulations. Participary interests will be bought at the NAV price calculated on that day. Participary interests will be sold at the NAV price and paid the invesr in accordance with the requirements of the Act and the relevant Trust Deed. The fully completed application form, gether with proof of deposit and any additional supporting documentation as required by PSG Asset must be received before 14h30, or 11h00 for the PSG Money Market Fund, be transacted at the closing price for that day. Requests redeem from the PSG Money Market Fund must be received by PSG Asset before 11h00 be transacted on that day. PSG Asset will not proceed with any transaction if there is any doubt as the validity of any signatures or if PSG Asset deem the instruction be incomplete in any way. An instruction will be deemed complete on receipt of cleared identifiable funds in the correct bank account and all requested information. All payments will be electronically transferred in the bank account of the invesr only. Payments will only be made the above banking details, unless otherwise instructed in writing. PSG Asset does not make any third party payments. Only signed written instructions from the invesr will be acted upon. In the event that this application form or any subsequent instruction is faxed PSG Asset, the responsibility of ensuring that the instruction has been received and actioned by PSG Asset will lie with the instrucr (invesr). A fax confirmation in the hands of the sender will not be regarded as proof that PSG Asset has received a specific document. The Manager may borrow up 10% of the market value of the portfolio where insufficient liquidity exists in the portfolio, or where assets cannot be realised repurchase, or cancel participary interests. A schedule of fees and charges and maximum commissions is available from PSG Asset. Please refer the fund summary of this application form marked Annexure B for a list of the fees applicable each of the portfolios. The annual management fee is levied monthly on the daily value of the portfolio. Commission and incentives may be paid and if so, would be included in the overall cost. Distributions are reinvested, unless otherwise instructed, and invesrs are allocated additional participary interests in the portfolio. Participary interests may be ceded or assigned for which a processing cost may be levied. The cession shall not bind PSG Asset unless it is notified thereof in writing. Investment statements will be issued quarterly and after a transaction has occurred. PSG Asset will not be liable for any loss incurred due incorrect information being supplied by the invesr. Without prejudice any other rights which PSG Asset may have in terms hereof or at law the Invesr agrees that PSG shall be entitled recover from the Invesr any amount of money paid the Invesr, which the Invesr is not entitled for whatsoever reason, including interest thereon. The Invesr s domicilium citandi et executandi for all notices and processes be given in terms hereof, is the address detailed on this application form or as notified in writing PSG Asset. Should PSG Asset be prevented from fulfilling any of its obligations in terms of this application as a result of an event not within the reasonable control of PSG Asset, those obligations shall be deemed have been suspended the extent that and for as long as PSG Asset is so prevented from fulfilling those obligations. In the event that this application form or any subsequent instruction is faxed PSG Asset, the responsibility of ensuring that the instruction has been received and actioned lies with the sender (invesr or financial adviser). We will not accept e-mailed instructions relating the various funds administered by PSG Collective Investments unless the instruction was sent utapps@psg.co.za. A politically exposed person ( PEP ) is a person who is, or has in the past, been entrusted with prominent public functions in a particular country, whether performed locally or abroad. It includes Heads of State/Government, cabinet ministers, senior and/or influential officials like judges, political and military leaders, members of ruling or royal families, municipal managers etc. If a family member, close associate or beneficiary of an invesr is a PEP, the invesr is also considered be a PEP. Q. COMPLIANCE DEPARTMENT Please do not hesitate contact us if you are not satisfied with this investment or the services from the Company. A complaint must be submitted the Compliance Officer. The contact address of the Compliance Officer is: 1 ST Floor, PSG House, Alphen Park, Constantia Main Road, Constantia, 7806 or email compliance@psgam.co.za. The Compliance Officer will acknowledge the complaint in writing and will inform the invesr of the contact details of the persons involved in the resolution thereof. COMPLAINTS If an invesr is not satisfied with the response from PSG Asset or if an invesr has a complaint about the advice given by the, he/she has the right address his/her complaint in writing the Ombud for Services Providers P O Box 74571, Lynnwood Ridge, 0040 Telephone +27 (0)12 470 9080 Fax +27 (0)12 348 3447 Email info@faisombud.co.za The Ombud is legally empowered investigate and adjudicate complaints in a procedurally fair, economical and expeditious manner. I/we confirm that I/we have read and undersod the minimum disclosure documents of the chosen fund/s selected for investment, the general terms, conditions and declarations and acknowledge that further information is available on PSG s website at www.psg.co.za. Signature of the Invesr/s Print Name Date Collective Investment Schemes in Securities (Unit Trusts) are generally medium long term investments. The value of participary interests (units) may go down as well as up and past performance is not a guide as future performance. Collective Investment Schemes are traded at ruling prices and can engage in borrowing and scrip lending. The price of participary interests (units) and the amount of income distributed or accumulated may go down as well as up. The manager does not provide any guarantee either with respect the capital or the return of a portfolio. Commission and incentives may be paid and if so, are included in the overall costs. The PSG Money Market Fund will maintain a constant price. Money Market is not a bank account. In the case of abnormal losses the capital value of the Money Market portfolio can be reduced. A fund of funds portfolio only invests in other Collective Investment Schemes, which levy their own charges, which could result in a higher fee structure for these portfolios. A feeder fund is a portfolio that, apart from assets in liquid form, consists solely of participary interests in a single portfolio of a collective investment scheme which levies its own fees which could result in a higher fee structure. Fluctuations or movements in exchange rates make cause the value of underlying international investments go up or down. Foreign securities in a portfolio creates material risk such as potential constraints on liquidity and the repatriation of funds, macro-economic, political, foreign exchange, tax, settlement risks and limited market information. Some of the portfolios may be capped at any time in order for them be managed in accordance with their mandate. Different classes of participary interests can apply these portfolios and are subject different fees and charges. PSG Collective Investments Limited is a member of the Association for Savings and Investment SA (ASISA). Page 8

ANNEXURE B: CHARACTERISTICS, OBJECTIVES AND FEES All fees reflected are maximum fees EXCLUSIVE OF VAT * Initial s can only be taken in 0.25% increments. Initial fees and annual Advice s are paid from the client s investment via redemption of units. ** PSG Asset pays this annual referral fee the i.e. the is included in the fund unit price and is not processed via redemption of units. Name of Fund Bank Account Details Fund Category Benchmark Investment Objective Risk Profile Annual Performance Max. Initial ** Max. Advice PSG Equity Fund 073099597 South African - Equity - General FTSE/JSE All Share Index The fund is a general equity fund and the manager in selecting securities for the portfolio, will seek offer invesrs long-term capital growth and earn a higher rate of return than that of the South African equity market as represented by the All Share Index including income, without assuming a greater risk. Class E: 0.75% 20% of performance above benchmark measured over a rolling 24 month basis A performance fee cap of pa is applied every calendar quarter. Class E: 0.00% Class E: 1.20% PSG Flexible Fund 073138304 South African - Flexible Inflation + 6% Achieve superior medium- long- term capital growth through exposure selected secrs of the equity, bond and money markets. Class A: 1.00% Class E: 0.75% 7% of outperformance of Watermark 7% of outperformance of Watermark Class A: 0.25% Class E: 0.00% Class A: 0.95% Class E: 1.20% PSG Balanced Fund 270932690 South African - Multi Asset - Equity Inflation + 5% Provide long-term capital growth and a reasonable level of income. Class E: 1.00% Class E: 0.00% Class E: 1.20% PSG Stable Fund 070660212 South African - Multi Asset - Low Equity Inflation + 3% over rolling 3 year period after costs Generate a performance return of Inflation + 3% over a rolling three year period after costs, while aiming achieve capital appreciation with low volatility and a low correlation equity markets through all market cycles. Class E: 1.00% Class E: 0.00% Class E: 1.20% PSG Diversified Fund 072803045 South African - Multi Asset - Inflation + 1% Preserve capital and maximize income returns for invesrs. Low 31 May 30 Nov Class A: 1.00% Class E: 0.60% 0.50% 0.50% Class E: 0.00% Class E: 1.20% PSG Fund 070660190 South African - Interest Bearing - Short Term Alexander Forbes Money market Index after costs Maximise income and preserve capital while achieving long-term capital appreciation as interest rate cycles allow. Low 31 May 30 Nov Class A: 0.65% Class E: 0.40% 0.50% 0.50% Class A: 0.25% Class E: 0.00% Class A: 0.95% Class E: 1.20% Page 9

Name of Fund Bank Account Details Fund Category Benchmark Investment Objective Risk Profile Annual Max. Initial * Max. Advice PSG Money Market Fund 073138096 Interest Bearing - Money Market Interest Bearing Money Market The Fund aims provide capital security, a steady income yield and high liquidity. Low Monthly 0.00% Class A: 0.00% PSG Global Equity der Fund 070228299 Global - Equity - General MSCI World Free GR Index (in ZAR) The fund aims outperform the average of the world s equity markets, as represented by the MSCI World Free GR (in ZAR) (the Benchmark ). Class A: 0.75% Class E: 0.25% Class E 0.00% Class E 1.20% PSG Global Flexible der Fund 070568596 Global - Multi Asset - Flexible USD Inflation rate + 6% Achieve superior medium- long-term capital growth through exposure selected secrs of the global, bond and money markets. Class A: 0.75% Class B: 0.25% Class B: 0.00% Class B: 1.20% PSG Multi- Balanced Fund of Funds 070314411 Equity Equity The investment objective of the portfolio is obtain longterm capital growth at moderate risk levels. Class A: 1.00% PSG Multi- Cautious Fund of Funds 070866694 Low Equity Low Equity The fund aims provide a balance between growth and income and achieve longterm capital growth at moderate conservative levels. Low Class A: 1.00% PSG Multi- Equity Fund of Funds 070639779 Equity - General Equity - General The fund aims seek maximum returns for invesrs within an acceptable level of risk. Class A: 1.00 % PSG Multi- Foreign Flexible Fund of Funds 072842016 Global - Multi - Asset - Flexible Global - Multi - Asset Flexible portfolio is long term capital appreciation through active asset allocation management of a diversified portfolio of collective investment schemes. PSG Multi- Fund of Funds 073138398 Alexander Forbes Short Term Fixed Interest Index (STEFI) The fund aims provide relative capital stability and maximise income returns for the invesr. Low 31 May 30 Nov Class A: 1.00% 0.50% Page 10

Name of Fund Bank Account Details Fund Category Benchmark Investment Objective Risk Profile Annual Max. Initial * Max. Advice PSG Wealth Crear Fund of Funds 070649650 Equity - General Equity - General portfolio is achieve capital growth over the long-term. is not a main objective for this portfolio. Class B: 1.25% Class A: 1.15% Class B: 0.90% Class A: 0.05% Class B: 0.30% PSG Wealth Enhanced Interest Fund 070660239 Interest Bearing - Short Term Interest Bearing - Money Market portfolio is maximise the current level of income while providing maximum stability of capital invested. The portfolio will aim achieve performance returns in excess of money market yields and current account yields by taking marginally more risk. Low Monthly 1.00% 1.00% Class A: 0.30% Class A: 0.90% PSG Wealth Fund of Funds 070649685 STEFI 12 months NCD rates portfolio is achieve income with some long-term capital appreciation as interest rate cycles allow. Low 31 May 30 Nov Class A: 1.25% Class B: 1.00% Class A: 0.90% Class B: 0.65% Class A: 0.30% Class B: 0.55% PSG Wealth Fund of Funds 070649618 Equity Equity portfolio is achieve medium longer term capital growth within an acceptable level of volatility during any market cycle. Class B: 1.25% Class A: 1.15% Class B: 0.90% Class A: 0.05% Class B: 0.30% PSG Wealth Preserver Fund of Funds 070649693 Low Equity Inflation + 3% over a rolling 3 year period The objective of the portfolio is achieve medium longer term capital growth within an acceptable level of volatility during any market cycle. Low Class B: 1.25% Class A: 1.15% Class B: 0.90% Class A: 0.05% Class B: 0.30% PSG Wealth Global der Fund 073146021 Global - Multi Asset - Flexible GIFS USD Flexible Allocation (ZAR) portfolio is provide long term capital growth and create and internationally diversified investment medium for invesrs. Class A: 1.15% Class A: 0.05% Page 11

Name of Fund Bank Account Details Fund Category Benchmark Investment Objective Risk Profile Annual Max. Initial * Max. Advice PSG Wealth Global Crear der Fund 070579601 Global - Equity - General GIFS Global Large-Cap Blend Equity (ZAR) portfolio, via its holding in the underlying fund, is maximize returns through active management of a diversified portfolio of equity based collective investment schemes established, recognized or regulated in any approved country, and assets in liquid form. Class A: 1.15% Class A: 0.05% Destiny Multi Asset PSG Fund of Funds 270932674 Flexible Flexible The objective of the portfolio is achieve maximum capital growth on a year--year basis over the longer term, with the generation of income being of a secondary nature. Class B: 0.75% Class B: 0.00% Class B: 1.00% Destiny Prudential PSG Fund of Funds 270932682 Medium Equity Medium Equity The objective of the portfolio is firstly preserve capital and secondly attempt grow both the capital and income over the medium long term. 31 May 30 Nov Class B: 0.75% Class B: 0.00% Class B: 1.00% Catalyst SA Property Equity PSG Fund 070971137 Real Estate - General FTSE/JSE SA Listed Property Index (SAPY) J253 The fund is an actively managed fund, which has a tal return objective and seeks offer invesrs a return in excess of the SA domestic property equity markets. The fund has a medium longer-term investment horizon. To 31 May 30 Nov Class A: 1.00% + 20% of outperformance in excess of benchmark Class D: 1.25% Class A: 0.25% Class D: 0.25% Class D: 0.50% Catalyst Global Real Estate PSG der Fund 071222812 Global - Real Estate - General UBS Global Real Estate Invesrs Index (ZAR) The fund has a medium- long-term investment horizon and has a tal return objective comprising both income return and capital appreciation. Invesrs should be prepared for a minimum investment term of at least three years. Class A: 0.75% Class A: 0.25% Page 12