Where the expressions below are applied on the web, they bear the following meanings:

Applicable Law	Applicable Law the Custody Act, section 91A of the Companies Act, and all the applicable rules and directives of any CSDP authorised under the Custody Act and settlement system operated in conjunction with any CSDP, under STRATE;
Articles	the Articles of Association of Sanlam;
Companies Act	Companies Act, No 61 of 1973;
CSDP	Central Securities Depository Participant, a body authorised in terms of STRATE to hold and administer securities on behalf of shareholders;
Computershare	Computershare Investor Services (Proprietary) Limited (registration number 2004/003647/07), trading through its division Investor Services. Computershare administers Sanlam Share Account;
Computershare's share dealing service	the service provided by Computershare for and on behalf of shareholders (they alone being responsible for the service, as they are not acting as agent for Sanlam or Sanlam Share Account);
Custody Act	Custody and Administration of Securities Act, No 85 of 1992;
Dematerialise	the process in terms of STRATE whereby share certificates are converted into an electronic format;
FICA	Financial Intelligence Centre Act, No 38 of 2001;
First-named	if more than one person is listed as holder in the member register of Sanlam, the holder being listed first;
JSE	the JSE Securities Exchange South Africa;
NSX	the Namibian Stock Exchange;
Procedures	Sanlam Share Account's standard practices and procedures, from time to time;
Rematerialise	the issuing of share certificates, when shares are taken out of the STRATE environment;
Sanlam	Sanlam Limited (registration number 1959/001562/06);
Sanlam Life	Sanlam Life Insurance Limited (registration number 1998/021121/06), a wholly-owned subsidiary of Sanlam;
Sanlam Share Account	Sanlam Share Account (Proprietary) Limited (registration number 1998/020664/07), a wholly-owned subsidiary of Sanlam Life and a nominee company established to hold Sanlam Securities on behalf of Shareholders;
Securities	securities, as defined from time to time in the Custody Act, that are issued by Sanlam and are received and held by Sanlam Share Account in safe custody for the account of Shareholders under the terms and conditions;
Securities Account	an account in the Shareholder's name on Sanlam Share Account's books;
Shareholder	includes the beneficial holder of Securities;
Share Statements	statements confirming the electronic record of ownership of dematerialised Securities;
STRATE	an electronic environment to register the settlement of share transactions and record ownership electronically, and regulated by STRATE Limited (registration number 1998/022242/06);
STRATE directive	STRATE directive SDD – "Own Name" Clients.