PRESENTED BY: Leigh Daniel, Head of Client RelationsDATE: September 2010

Strate Ltd

Services to Unlisted and Listed Companies

Who is Strate?

South Africa’s authorised Central Securities Depository for the electronic

settlement of financial instruments in South Africa

Licensed and regulated by the Financial Services Board (FSB)

Provides electronic settlement for equities for listed and unlisted companies,

bonds, warrants and money market securities to the South African market ,

including the JSE and the Namibian Stock Exchange

Owned by JSE Ltd (44.5%), four local banks (55.4%) & Citibank (0.1%)

Core purpose is to mitigate risk and bring efficiencies to the South African

market

Aligned to international best practice and standards

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Benefits of Strate to listed & unlisted companies

Elimination of paper share certificates and the secure electronic clearing,

settlement and depository of shares

Electronic transfer of ownership of shares when settlement takes place

Maintenance of the Shareholder Register

Security of the Strate system – never been compromised

Reduced risk of trading, settlement and corporate events

Loss of shares due to theft, transit, fire, mutilation can be prevented

Reduced cost of printing and distribution of certificates

Compliance with international standards

Regulated by the FSB

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What is dematerialisation?

Conversion of paper share certificates into an electronic record of

ownership

Secure, electronic custody of shares in Strate

Elimination of the risks and administration associated with paper share

certificates and transfer of ownership

Established in terms of the Securities Services Act 2004

Mitigate securities settlement and custody risk

Transparency of the shareholder register

Implementation of global best practice

High degree of Straight Through Processes

Use of secure, robust and standardised technology and connectivity

Largest user of SWIFT in Africa; top 2% globally

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Strate – Salient Features

Clearing and Settlement of Equities for listed and unlisted companies,

Bonds and Money Market instruments

Facilitation of Corporate Actions on Equities, Bonds and Money Market

Instruments including dividend payments, interest and redemption

payments etc

Companies have access to their accurate up-to-date register on a weekly

or monthly basis

Information management and share register analysis

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Core & Value added Services offered by Strate

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Statistical Data – end July 2010

   

  Equities Bonds Money MarketsAssets under custody (Rands) R 4,2 trillion R 1,077 trillion R 433,4 billionTotal number of trades 2 041 396 33 320 869Total number of settlements 437 573 31 569 (on market) 2650Value of settlement (Rands) R 411 billion R 1,85 trillion R 239 billionCorporate events / actions 162 303 161

Questions

Thank you

Leigh BevisHead of Client Relations

Strate Ltd011 759 5466

leighb@strate.co.za