Investment Application Swaziland (Unit Trusts) Investor s details (This section must be completed by all applicants) New investor xisting investor Staff number Staff account Last name/surname or Name of Institution Full names/name of authorised contact person Postal address Marital status Title Code Physical address Code Telephone (home) - Fax (home) - Telephone (work) - Fax (work) - Cellphone - mail address Identity number/institution Registration number/ Occupation (Attach proof as per Swaziland ID requirements) Date of birth D D - M M - C C Y Y Nature of business Source of wealth Indicate below the origin of the funds being invested e.g. savings inheritance investment switch etc. Standard Bank Source Swazi resident Yes No If no please provide the name and address of your foreign exchange dealer; Postal address Code Country of permanent residence Statements By default all statements reports and notices will be sent via e-mail. Please indicate if you would prefer hard copies or e-mail I/We prefer my/our correspondence in Hardcopy (posted) lectronic format (e-mail) Frequency Monthly Quarterly Annually 00149101S 2008/09 1
Financial adviser s details (office use only) Financial adviser s name Brokerage name Adviser number Bank branch code Financial adviser s signature Investor signature (or duly authorised represnetative) Investment selection Method of payment Cheque attached Bank deposit slip attached Portfolio name Minimum Lump Sum Maximum Initial Charge (If existing please specify) Investment amount lump sum Total Initial Charge* Standard Bank Swaziland Managed Fund 500 5% Standard Bank Swaziland Money Market Fund 15 000 1% * If no charge is stipulated the default sliding scale will apply. This charge is split between the intermediary and the manager. * See terms and conditions Total (This must match the cheque cash or deposit slip attached) Investor s bank account details Bank Branch Branch code Account type Cheque account Transmission account Call/Notice account Savings account* Account holder s name Signature of bank account holder/investor Date D D - M M - 2 0 Y Y Assisted by (for persons without contractual capacity) Income distribution All distributions will be reinvested unles otherwise instructed Pay into bank account* Reinvest into existing Swazi fund Portfolio name * Complete investor s bank account details. Please note that no cheques will be issued all payments will be made electronically Signatures Investor Financial adviser 2
Debit order authority I hereby grant permission for STANLIB Collective Investments Limited to arrange with my bank for the payment of the investment amounts in terms of this application (including the amendments that may be made during the life of the investment) from my account on the specified day of each month. Please debit my account on the 20 25 30 of each month For investment at the ruling price on that day commencing in the month of I/We request the bank to debit my/our account with these drawings. I understand that the same terms and conditions as set out under the debit order authority. Please note: in the event of a debit order cancellation kindly put a stop payment on the next debit order at your banking institution. Normal default fees will apply to debit order investments and a 7 days notice is required for implementation. I/We also acknowledge that: I/We agree to pay the bank charges relating to this debit order instruction Receipt of this instruction by you shall be regarded as receipt thereof by my/our bank (Which ever it is or will be) Participator interests (Units) purchase with the proceeds of this debit order instruction may be repurchased but the proceeds of such repurchase will not be paid until the expiry of 60 days from the debit order transaction date. Investments in participatory interests (Units) are made in accordance with the provisions of the relevant trust deed at the prices ruling on the date of receipt of the funds by STANLIB Collective investments Limited. Assignment I/We acknowledge that the party hereby authorised to effect the drawing(s) against the my/our prior written consent and that I /we may not delegate any of my/our obligations in terms of this contract/authority to any third party without prior written consent of the authorised party. Bank account details Bank Branch Branch code Account type Account holder s name Debit order amount R. Signature of bank account holder (3 specimen signature) Investment account reference no. 3
Statutory disclosure and general terms and conditions Pricing Purchase Price The purchase price is made-up of the total value of the assets in the unit portfolio including any income accruals less any permissible deductions plus compulsory charges plus the initial charge that would have become payable in respect of all units in issue on any particularday dividedby the numberof units in issue. Repurchase Price The purchase price is made-up of the total of the assets in the unit portfolio including any income accruals less any permissible deductions plus compulsory charges divided by the numberof units in issue. Compulsory Charge Any charge in connection with the creation and issue of units and any necessary charge payable for the benefit of a person other than the Management Company or its agents in connection with the acquisition of the underlying securities included or to be included in a unit portfolio. Permissible Deductions This include Audit Fees Amortisation any taxes payable and the annual management charge. Initial Charges The initial charge is deducted from the full investment value and the remaining amount is allocated to the selected investment options. Commissions paid to financial advisors are incorporatedin the initial charge. Annual Service Charge (Levied Monthly) The annual service charges for the individual funds are accrued daily and levied monthly on the market value of the unit portfolio. For further details regardingcharges please refer to the latest Fund Fact sheet(s). Switching A switch involves selling units in one fund and investing the proceeds in another fund. The Management Company does not charge initial charges twice. However if the original entry was paid into a fund with lower charges than the fund into which the investor will be investing the investor will have to pay in the difference in the initial charges. As costs may change from time to time please consult with your intermediary. Income Distributions Income distributions are made at regular intervals for all funds. Distribution payments will only be made if the value of the payment is above 50.00. Please refer to the latest fact sheet. General Unit trusts are generallymediumto long-terminvestments. The value of units may go down as well as up and past performance is not necessarily a guide to the future. An investmentin a unit trust is not the same as a depositwith a bankinginstitution. A constant price will be maintainedfor all the units of all MoneyMarket Portfolios. It is advisablethat one consult a financialadvisor before makingan investment. A schedule of fees and charges and maximum commissions is available on request from the ManagementCompany. Commissionand incentivesmay be paid and if so would be includedin the overall costs. A Fund of Funds Portfolio only invests in other unit trust schemes which levy their own charges which could result in a higher fee structure for these portfolios. A Feeder Fund Portfolio only invests in the participatory interests of a single Portfolio of a unit trust schemeapart from assets in liquidform. The Management Company reserves the right to close certain funds from time- to-time in order to manage them more efficiently. More details are available from the Management Company. The holdings of offshore investments in certain portfolios may be subject to current SwazilandReserve Bank regulations. Forward pricing is used. Investor declaration Fluctuations or movements in exchange rates may cause the value of underlying internationalinvestmentsto go up or down. The Management Company undertakes to repurchase units at the price calculated according to the requirements of the Act and on the terms and conditions of the relevant Trust Deeds. Payment will be made within 14 days of receipt of a valid repurchase form. Please note that there is a 30-day clearanceperiod for chequesand direct deposits. The Regulatory Authority of Swaziland shall not be liable by virtue of its licensing of this undertaking or by reason of its exercise of the functions conferred on it by legislation in relation to this undertaking for any defaultof the undertaking. The licensing of this undertaking does not constitute a warranty by the Regulatory Authority as to the credit worthiness or financial standing of the various parties to the undertaking. A valuation given by the Management Company is at the previous trading day and is not a realisation value. All unit portfoliosare valued on a daily basis at 15h30 (SouthAfricantime). Investments and repurchases will receive the price of the same day if received prior to 15h30 (South African time). The price which will apply to an instruction received on a Saturday/Sunday or a public holiday will be that of the following Monday/trading day. A repurchase instruction may be faxed but must be confirmed by sending the Management Companythe originalof the same. In the case of a change of name/signature(s) a certified copy of the relative document with specimensignatures (new and previous) must accompanythis request. If this form is signed under Power of Attorney a certified copy of such Power must be attached unless previouslyrecorded. In all cases where the registered owners is a trust a company or institution a copy of the Letter of Authority CompanyResolutionor similaris requiredto supportthe request. Money Market Portfolios The Management Company will endeavour to give clients access to their cash within a minimum period of 48-hours provided that there are no outstanding administrative issues between the Management Company and the client and that the client's repurchase request has reached the ManagementCompanybefore 12h00 on any business day. The Management Company will not accept responsibility for not being able to make payment to the client within 48-hours if the above-mentioned requirements have not been met or the delay was caused due to circumstances beyond the control of the Management Company. lectronic Transactions I/we agree that you shall be entitled to implement all instructions and applications of whatever nature received by you on your internet site by telephone by fax or any other electronic medium and which appear to emanate from me. You are indemnified against any loss claims or damages arising from you acting on such instructions and/or applications notwithstanding that it may later be proven that any such instructions were not given by me. I agree that the electronic records of all instructions and applications processed by/or on behalf of myself or which purport to be processed on behalf of myself via your internet site telefax telephone or any other electronic medium shall constitute prima facie proof of the contents of such instructions and applications. Trustees Absa Corporateand MerchantBank 6th Floor Absa Towers North 180 CommissionerStreet Johannesburg 2001 Telephone: No. 27 11 350 4000. Statements Investors will receive monthly statements for Money Market Funds and consolidated statementson a quarterly basis for other Funds. Business Hours The transactional business hours of the Management Company are from Monday to Friday (08h00-12h00) (excludingall publicholidays). I/We hereby apply for units in the above selected unit portfolio(s) and understand that this investment will be subject to the Trust Deeds governing the scheme(s) administered by STANLIB Swaziland Unit Trust Management Company (Pty) Ltd. I/We further confirm that I/we have received the following information from my/our advisor or from the STANLIB Swaziland Unit Trust Management Company (Pty) Ltd. before completion of this application form: Investment objective Information on Net Asset Value (NAV) Charges Risk factors Income accruals Additional information I/We hereby agree to provide all documentation and information required and understand the STANLIB Swaziland Unit Trust Management Company (Pty) Ltd. is prohibited from processing any transactions on my behalf until all such information and documentation has been provided. I/We confirm that all information provided herein is true and correct and that I/we have read and understood the contents of this application form. Signature of investor Date D D - M M - 2 0 Y Y Assisted by (for persons without contractual capacity) 4
Swaziland identification requirements Unless previously provided please send verified/certified copies of the documents set out below which have been used to verify the identity of the client. Strictly only clear legible copies of national identity and other documents will be accepted. Natural persons (includes individual investor and any person/s authorised to act) If Swazi National identity document OR if not available; Valid reason why identity document could not be provided AND Valid passport If Foreign Valid passport Proof of physical address (Swazi and Foreign) We require any of the following documents reflecting the name and residential address (must be less than 3 months old unless otherwise specified): Utility bill Current lease or rental agreement Bank statement Municipal rates and taxes invoice Valid television licence Mortgage statement Telephone account Valid motor vehicle licence Insurance policy Correspondence from a body corporate or share-block association Letter from bank manager medical practitioner accountant or attorney on a formal letterhead stating that they know the client for three years and confirming residential address Any of the above documents for the spouse together wit the marriage certificate OR if not available Affidavit from person co-habiting with client providing; Name residential address identity number of the client and co-habitant Relationship between client and co-habitant Confirmation of the fact that residential address is shared OR if not available Visit to residential address by STANLIB Swaziland staff member or authorised agent Proof of authority to act (if applicable) We require any of the following document that provide proof of authority to act (e.g. guardian curator liquidator or duly authorised representative) Power of Attorney Mandate Resolution (duly executed by authorised signatories) Court order (authorising the third party to conduct business on behalf of another person) Legal persons XMPTIONS (Any of the following entities are exempt) We require a reason for exemption together with proof in the form of a registration certificate Company listed on recognised stock exchange (refer to www.stanlib.com for list of recognised exchanges) Approved Unit Trusts Approved Life Assurance Fund Approved Linked Investment Service Provider Approved Pension Provident or Retirement Annuity Fund Swazi unlisted companies If Swazi Certificate of Incorporation (CM 1) Notice of Registered Office and Postal Address (CM 22) Personal details of principal executive officer of company of person/s authorised to act and of person/s holding more than 25% of voting rights in company (use template for natural persons) Directors resolution authorising person/s to act Proof of physical business address If Foreign Official document of incorporation If trading in Swaziland documents for Swazi unlisted company Authority to Act: directors resolution National Identity document/passport details of physical residential address and contact numbers of related parties and persons authorized to act Partnerships Partnership agreement Personal details of each partner (use template for natural persons) Partners resolution authorising person/s to act Proof of physical business address Trusts Trust deed or other founding document Letter of authority Trustees resolution authorising person/s to act Personal details of each trustee each beneficiary the founder and the person/s authorised to act (use template for natural persons) Proof of registered address legal persons Physical business address We require any of the following documents reflecting the trade name and physical address (must be less than 3 months old unless otherwise specified Utility bill Current lease or rental agreement Bank statement Municipal rates and taxes invoice Valid television licence Mortgage statement Telephone account 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 residential address Letter on letterhead signed by board of trustees directors etc. confirming physical address Constitution or founding document Document authorising person/s to act Personal details of person/s authorised to act (use template for natural persons) Proof of physical business address The Financial Adviser must complete this section when the verification documents are included with this application 5
Declaration by Financial Adviser I hereby confirm that I have satisfied myself as to the identity of the Client and I have verified the identity in accordance with the requirements set out in this application and any related legislation regulations or guidelines. I have forwarded all copies of all the documents to STANLIB Swaziland Unit Trust Management Company (Pty) Ltd.. Signature of Financial Adviser Date Branch/Financial Adviser Code D D - M M - 2 0 Y Y STANLIB Swaziland Unit Trust Management Company (Proprietary) Limited Registration number 969/1999 1st Floor PSPF Building Mhlambanyatsi Road Mbabane. Telephone: 00268 404 3444 or 00268 404 1713 Fax: 00268 404 7566 or 00268 404 1803 Website www.stanlib.com 6