LICENCE CATEGORIES Category I

1 Long term Insurance: Sub Category AIncludes assistance policies < = R 18 000, for example: funeral excludes policies as defined in Cat B or ) Short term Insurance: Personal LinesShort term insurance by natural persons, for example short term household ) Long term Insurance: Category B1 Long-term Insurance subcategory B1 means disability, health and life policies as defined in section 1(1) of the Long-term Insurance Act, 1998, which provide only risk benefits as contemplated in the Regulations under theLong-term Insurance Act, 1998, but excludes fund policies as defined in section 1(1) of the Long-term Insurance Act, 1998, fund member policies, investment policies as defined in Part 5B of theRegulations under the Long-term Insurance Act, 1998, and policies referred to in thedefinitions of Long-term Insurance subcategories A, B2 and C; ) Long term Insurance: Category B2 Category IIA Hedge Fund FSPLICENCE CATEGORIESA Category I FSP renders financial services other than the financial services mentioned in CATEGORIES II, IIA, III and IV.

2 Indicate whether the applicant will be furnishing advice (A) and/or whether the applicant will be rendering intermediary services (B) in Category II Discretionary FSPC ategory IDiscretionary FSP means a discretionary FSP as defined in the Notice of Codes of Conduct for Administrative and Discretionary FSPs, 2003. A discretionary FSP renders intermediary services of a discretionary nature as regards the choice of a particular financial product referred to in the definition of administrative FSP but without implementing any I sub CATEGORIES Hedge Fund FSP means a Hedge Fund FSP as defined in the Notice of Codes of Conduct for Administrative and Discretionary FSPs, 2003. A Hedge Fund FSP must also apply for a Category II III Administrative FSPA dministrative FSP means an administrative FSP as defined in the Notice of Codes of Conduct for Administrative and Discretionary FSPs, 2003. An administrative FSP renders intermediary services in respect of financial products referred to in paragraphs (a), (b), (c) (excluding any short-term insurance contract or policy), (d) and (e), read with paragraphs (h), (i) and Category IV Assistance Business FSPA ssistance Business FSP means an FSP that renders intermediary services in relation to the administration of assistance policies on behalf of the Insurer to the extent agreed to in terms of a written mandate between the insurer and the Assistance Long-term Insurance subcategory B2 means long-term policies as defined in section 1 of the Long-termInsurance Act, 1998, which are-(a) investment policies as defined in Part 5B of the Regulations under the Long-term Insurance Act, 1998, which guarantee a minimum return of any premium paid at a specified future date or dates, and where such minimum is ascertainable in Rand terms at inception.

3 (b) disability, health and life policies that provide risk benefits as contemplated in the Regulations under the Long-term Insurance Act, 1998,and have a guaranteed investment value or a materially equivalent value;(c) annuities which guarantee a minimum annuity for the term of the policy which annuity(d) Any policy which combines the policy features included in abovementioned paragraph (a) and (c ),but this excluded fund and fund member policies referred to Long Terms sub CATEGORIES A, B1 and C ) Long term Insurance: Category CIncludes other insurance contracts not mentioned in CATEGORIES A and B; excluding fund member policies and RA s, and Preservation funds, Investment policies (single and recurring premium) without a ) Retail pension Fund BenefitsIncludes single premium RA; preservation fund policies, benefits provided by RA or preservation funds, Examples include transfers to a RA or preservation fund advice on what to do when the RA/preservationfund ) Short term Insurance: Commercial LinesShort term policies by juristic persons, for example short term insurance for business ) pension Fund BenefitsBenefits provided by a pension / provident fund, for example advice on what to do when the client retires from the ) Securities and Instruments: SharesWhere property syndication is in the form of unlisted shares, you must register in this license Category .

4 You must also supply a letter from either PIC or Sharemax, which authorizes you to sell their products, and specifies how long you have had a contract with them. Should you advise clients on other shares, please supply a motivational letter.* to ) Securities and InstrumentsNote: If any of the CATEGORIES are chosen, you must supply a motivational letter* for each Category advice on shares; debentures and securitised debt, money market instruments, warrants and six CATEGORIES imply that you receive client funds, or qualify as an investment manager. - please note that Money market funds are covered under Category and money market accounts are covered under ) Collective Investment SchemesAll unit trusts, including money market ) Foreign Currency Denominated InvestmentsThis Category only applies if you trade with foreign currency and work through a foreign forex service provider, such as Leaderguard or Gardner Ross. This Category does not include offshore investments (which is covered under Category ) Should you choose this Category , please note that an additional fee of R 700 is payable, an FSP 11 must be completed and a copy of your trading mandate must be forwarded to these ) Health Service BenefitsInclude Medical Aids.

5 Should you wish to include this Category , a clear and certified copy of you re accreditation certificate with the Council for Medical Schemes must be forwarded to these ) Bank Deposits > 12 MonthsInclude participatory bonds; fixed deposits for more than 12 Money Market ) Bank Deposits <= 12 MonthsMoney market accounts and fixed deposits <= 12 ) Friendly Society BenefitsStokvel