Public Investment Corporation SOC Ltd (Class A1 ... · [email protected] /...

Contract number RU

Public Investment Corporation SOC Ltd (Class A1) investment application form for an individual

of 15Published: 29 March 2018

Checklist

* Mandatory fields and/or signature

Please confirm that the appropriate sections have been completed by ticking (

Section 1: Investor details*

Section 2: Details of person acting on behalf of investor**

Section 3: Banking details* (please sign)

Section 6: Recurring investments**

Section 7: Income distribution*

Section 8: Recurring withdrawals**

Section 9: Details of financial adviser and authority to deduct funds** (please sign, if applicable)

Section 10: Declaration by financial adviser**(please sign, if applicable)

Section 11: My tax details*

Section 14: Investor declaration* (please sign)

) the relevant boxes:

Remember to provide all supporting documentation with your application

Section 5: Lump sum investment**

Section 12: CIS disclosures***

Section 13: Terms and conditions***

Section 15: FICA and new business requirements***

Section 16: Portfolio summary sheet***

** Optional, dependent on circumstances

*** Mandatory reading

Section 4: Investment details*

If you are a new investor and you do not have a contract number, please leave the RU number blank on the top of every page. An RU number will be allocated to you and will appear on your contract note and subsequent correspondence.

Public Investment Corporation SOC Limited Registration number 2005/009094/06

FSP number 19777 Block C, Riverwalk Office Park, 41 Matroosberg Road, Ashlea Gardens, Extension 6, Menlo Park, Pretoria

Private Bag X187, Pretoria, 0001 Tel +27 (0) 12 742 3400 Fax +27 (0) 12 346 3913

[email protected] / [email protected] www.pic.gov.za

MET Collective Investments (RF) (Pty) Ltd Registration No. 1991/003741/07

268 West Avenue, Centurion, 0157 PO Box 7400, Centurion, 0046 Hotline 0860 111 899 Telephone +27 (0)12 671 8911 Facsimile +27 (0)12 675 3889

[email protected] www.metci.co.zaMMI Holdings Limited is a full member of the Association for Savings and Investment South Africa

Please refer to our website for directors and company secretary details

Contract number RU

Public Investment Corporation SOC Ltd (Class A1) investment application form for an individual

of 15

Please read the minimum disclosure documents (MDDs, also known as fact sheets) for each portfolio before signing this application form.

Kindly email the completed form and necessary documentation to [email protected]. Alternatively, these may be faxed to +27 (0)12 675 3889. For enquiries, please contact our client service centre on 0860 111 899.

Section 1: Investor details (mandatory fields and/or signature)

Country in which investor resides for tax purposes

Foreign national

Y Y Y Y D D M M

Male Female

Yes No

C O D E

C O D E

C O D E

Select one of the following:

South-African citizen

Personal details

Title

Initials

Full name(s)

Surname

Date of birth

Nationality

Gender

South African citizen

Identity number

Income tax number (RSA)

Foreign national

Passport number

Country of birth

Country of residence

Contact details

Residential telephone number

Office number

Fax number

Mobile

Preferred email address

Would you like to have online access to your portfolio?

Residential/business address

Published: 29 March 2018

Postal code

Contract number RU

of 15

Postal address (if different from above)

Postal code

Correspondence

Statement type DetailSummary

Statement frequency Monthly Quarterly

Preferred method of communication Email Post

All periodic statements will be sent to your preferred email address stipulated above.

MET Collective Investments (RF) (Pty) Ltd is on a positive drive to lower its carbon footprint. We would appreciate your support by helping us reduce our use of paper and, in doing so, minimise our effect on the environment. To make a difference, please state your preferred method of communication as email and supply us with a valid email address.

Section 2: Details of person acting on behalf of investor (optional, dependent on circumstances)

This section should only be completed if the person acting on behalf of the investor is different to the details given in section 1.

Select one of the following:

Foreign company

Trust

PartnershipSouth-African company

Other (specify)

If an individual

If an entity

If other

Country in which resident resides for tax purposes

South-African citizen Foreign national

Non-taxable institutionClose corporation

Title

Initials

Full name(s)

Surname

Nationality

Gender Male Female

Personal details

Y Y Y Y D D M MDate of birth

Identity number

South African citizen


Passport number

Country of birth

Country of residence

Foreign national

Details of entity (please complete if an entity is acting on behalf of the investor)

Name of legal entity

Registration number

Registration date D D M M Y Y Y Y


Country of incorporation

met collective investments (RF) (Pty) Ltd | public investment corporation SOC limited (class a1) | investment application form for an individual | published: 29 march 2018

Contract number RU

of 15met collective investments (RF) (Pty) Ltd | public investment corporation SOC limited (class a1) | investment application form for an individual | published: 29 march 2018

Postal address (if different from above)

Postal code

Registered address (if an entity)

Postal code

Preferred email address

Would you like to have online access to your portfolio? Yes No

Residential/business address

Postal code

Mobile

Contact details

C O D E

C O D E

C O D E

Residential telephone number

Office number

Fax number

Correspondence

Statement type Summary Detail

Statement frequency Monthly Quarterly

Preferred method of communication Email Post

All periodic statements will be sent to your preferred email address stipulated above.

MET Collective Investments (RF) (Pty) Ltd is on a positive drive to lower its carbon footprint. We would appreciate your support by helping us reduce our use of paper and, in doing so, minimise our effect on the environment. To make a difference, please state your preferred method of communication as email and supply us with a valid email address.

Branch name

Branch code

Account type Current/Cheque Savings Transmission

Section 3: Banking details (mandatory fields and/or signature)

Account holder name

Bank account number

Bank name

Option 1

Please provide details for at least one option below.

Bank name

Account holder name

Bank account number

Option 2

Branch name

Contract number RU


Y Y Y Y D D M MAuthorised signature of investor

Please provide proof of your account, e.g. used/cancelled blank cheque. If the details above are your preferred details you will have the option to use them throughout the form.

MET Collective Investments (RF) (Pty) Ltd does not cater for debit orders linked to foreign bank accounts.

I/We indemnify MET Collective Investments (RF) (Pty) Ltd against all and any claims, losses and/or damages whether indirect, consequential and/or any expense of any nature whatsoever which I/we may incur or suffer as a result of MET Collective Investments (RF) (Pty) Ltd collecting the investment amount contrary to any instruction provided by me/us. I/We acknowledge that notwithstanding my/our instruction on when the cash must be debited from my/our account, the value of the units shall be determined on the day that the cash reflects in MET Collective Investments (RF) (Pty) Ltd's bank account. Depending on the payment method I/we have chosen, I/we authorise MET Collective Investments (RF) (Pty) Ltd to collect any money from the bank account I/we have specified. This authorisation will apply to this contract and includes any amendments to this contract and claims for the benefits that MET Collective Investments (RF) (Pty) Ltd has granted under this contract. If I/we am/are signing on behalf of an institution, I/we declare that I/we am/are duly authorised to do so. I/We undertake to inform MET Collective Investments (RF) (Pty) Ltd of any change to my/our bank details and I/we authorise MET Collective Investments (RF) (Pty) Ltd to verify my/our current and/or future bank account details with my/our bank. I/We acknowledge and understand that MET Collective Investments (RF) (Pty) Ltd may act on investment instruction received from myself/ourselves before MET Collective Investments (RF) (Pty) Ltd receives cleared cash on a debit order instruction. In the event of MET Collective Investments (RF) (Pty) Ltd acting on my/our investment instruction and subsequently not receiving the cash, I/we acknowledge that I/We shall be liable to MET Collective Investments (RF) (Pty) Ltd for any and all claims, losses and/or damages whether indirect, special or sub sequential and/or any expense of any nature whatsoever which MET Collective Investments (RF) (Pty) Ltd may incur or suffer as a result of the aforesaid.

I/We understand that electronic payments and/or internet transfers can take up to 2 (two) days to appear in my/our bank account.

Branch code

Account type Current/Cheque Savings Transmission

Please insert the name of the representative for minors/persons without legal capacity. If signing on behalf of the investor please provide the name of the representative, proof of authority and supporting verifying documentation.

Y Y Y Y D D M MAuthorised signature of parent/guardian/ controlling person

Surname

Full name(s)

Date

Date

Section 4: Investment details (mandatory fields and/or signature)

An investor can either chose an initial lump sum or a regular amount or a combination of both.

Source of money Savings Inheritance Sale of property

Other (specify)

The monthly investment amounts specified above can be changed to a quarterly, bi-annual or annual by ticking the relevant option below:

Please refer to the portfolio summary sheet for the relevant performance fees, if applicable.

Investment frequency Quarterly Bi-annually Annually

5 0 0 0

5 0 0 0

5 0 0

5 0 0

3 . 4 5

3 . 4 5

0 . 0 0

0 . 0 0

Lump sum Monthly Initial fees Annual fees

Minimum R5 000 per fund Minimum R500 per fund Financial adviser (incl VAT)

MET Collective Investments (incl VAT)

Financial adviser (incl VAT)

PIC MET Bond Fund R R % 1.15% %

PIC MET Money Market Fund R R % 0.12% %

Section 5: Lump sum investment (optional, dependent on circumstances)

Complete if initial lump sum amounts have been completed in section 4 above.

Investment method Direct deposit/EFT Collection by MET Collective Investments (RF) (Pty) Ltd (as per option 1 in section 3)

Contract number RU


All direct deposits and electronic transfers must clearly reference the RU contract number to ensure that the deposit is matched to the correct contract.

Where MET Collective Investments (RF) (Pty) Ltd has been instructed to collect money from the bank account detailed in section 3, option 1 and if, for any reason, MET Collective Investments (RF) (Pty) Ltd does not collect the investment on the preferred date, it will be collect on the next business day. MET Collective Investments (RF) (Pty) Ltd is limited to a maximum amount of R499 999.99 per collection. Money will only be invested once MET Collective Investments (RF) (Pty) Ltd requirements as per the terms and conditions have been satisfied.

Bank accounts will be debited within 2 (two) business days. Units bought with a direct debit can only be disinvested or switched after 7 (seven) days.

MET Collective Investments (RF) (Pty) Ltd bank account detailsMet Collective Investments Ltd-METCI Client Deposit Trust First National Bank 623 614 33784 253-145Global Transactional BankingRU contract number or if you are a new investor and do not have a contract number yet, then your identity number

Account holder: Bank: Account number: Branch code: Branch name: Reference number:

Y Y Y Y D D M MPreferred collection date

Bank details for collection of recurring investments

Use bank details from option 1 in section 3


Provide one amount on my bank statement for all collections on my contracts

Yes No

Section 6: Recurring investments (optional, dependent on circumstances)

Starting date for collection of recurring investments

D D Preferred collection day of the month OR last day of the month

Please increase my investment annually by R OR

Month of increase

Complete if monthly amounts have been completed in section 4 above.

%

Y Y Y Y D D M M

MET Collective Investments (RF) (Pty) Ltd cannot accept cheques or cash. If, for any reason, MET Collective Investments (RF) (Pty) Ltd does not collect the investment on the preferred start date, it will be collected on the next business day. If the preferred payment day is not specified, collection will occur on the same day as the first collection. Units bought with a direct debit can only be disinvested or switched after 7 (seven) days.

If no selection is made as per the details from option 1 in section 3, income will automatically be reinvested as per details in section 3 unless otherwise stipulated. MET Collective Investments (RF) (Pty) Ltd does not allow payments to a third party and payments will only be made to the account stipulated in section 3. All distributions below R20 will be reinvested. Payments are not transferable and can only be made electronically. MET Collective Investments (RF) (Pty) Ltd does not allow payments to a third party and payments will only be made to the account stipulated in section 3. All distributions below R20 will be reinvested. Payments are not transferable and can only be made electronically.

Reinvest into current portfolio

Section 7: Income distribution (mandatory fields and/or signature)

Pay into my bank account (indicated in section 3)



Section 8: Recurring withdrawals (optional, dependent on circumstances)

Please sell units to the value of R

Monthly Quarterly Bi-annually AnnuallyWithdrawal frequency

Y Y Y Y D D M MDate of first withdrawal

Contract number RU


Bank details for payment of recurring withdrawals



D D Preferred date of withdrawal of the month last day of the month OR

Month of increase

Please increase my recurring withdrawals annually by R

Please note: The preferred date of withdrawal indicates the date the instruction will take place. The money may not necessarily reflect in your account on this date. Recurring withdrawals can only be paid after the money has cleared.

Portfolio name Percentage

%

%

%

%

%

%1 0 0

Portfolio selection

Split withdrawal proportionately from all portfolios specified on my contract

Specify the split as follows

Broker house name

Broker code

Broker house code

Section 9: Details of financial adviser and authority to deduct fees (optional, dependent on circumstances)

Do you have a financial adviser? Yes No

If yes, please complete the details below and sign the declaration.

1. I/We hereby authorise MET Collective Investments (RF) (Pty) Ltd to deduct and pay the initial and annual advisory fees as detailed in theinvestment details (section 4) above, to my/our duly appointed financial adviser (as disclosed in section 9).

2. I/We understand that the selected advisory fees are negotiated between investor(s) and the appointed financial adviser and I/we cannot hold METCollective Investments (RF) (Pty) Ltd liable for acting on these negotiated instructions.

3. I/We understand that the advice fee will be facilitated by the repurchase of units on a monthly basis from my/our investment before being paid intomy/our appointed financial adviser.

4. The negotiated advice fee scales detailed above are to remain in force until written notification is provided to MET Collective Investments (RF)(Pty) Ltd that these no longer apply.

5. If no initial or annual advice fee is specified on future transactions, the advice fee would default to the advice fee as indicated on thisapplication form.

6. I/We confirm that my/our appointed financial adviser will have access to my/our investments in electronic format as made available by METCollective Investments (RF) (Pty) Ltd from time to time.

view my account online transact on my behalf onlineFinancial adviser to

FSP number

Representative name

Biblife/PRI number (if applicable)

Contract number RU


If 'transact on my behalf online' has been selected:

Authorised signature of investor

1. I/We confirm that I/we have entered into a discretionary mandate with my/our financial adviser.2. I/We confirm that my/our financial adviser may give instructions on my/our behalf without first obtaining my/our consent.3. I/We authorise MET Collective Investments (RF) (Pty) Ltd to accept and act on all such instructions.

Y Y Y Y D D M MDate


Authorised signature of financial adviser

Y Y Y Y D D M M


Surname

Full name(s)

Date

Date

I/We hereby certify and warrant that:

Section 10: Declaration by financial adviser (optional, dependent on circumstances)

To be completed and signed if section 9 above was completed.

1. I/We have met with the investor prior to the investment being placed with MET Collective Investments(RF) (Pty) Ltd and the necessary duediligence process as required by legislation has been satisfactorily carried out.

2. I/We confirm that I/we have provided and explained the relevant minimum disclosure documents (MDDs, also known as fact sheets) to the investorbefore the investor signed this form.

3. I/We have established and verified the true identity of the investor and confirm that identity checks have been undertaken to confirm that theinvestor’s name, address and identity as shown on this Investment Application Form are true and correct. Attached please find certified copies ofthe documents evidencing the legal structure and existence of the investor as required in section 15: FICA and new business requirements.

4. I/We declare that I/we am/are a licenced financial service provider, with the relevant categories and sub-categories applicable to this relationshipand have made the disclosures required in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 and subordinate legislationthereto, to the investor.

5. I/We are not aware of any activities in which the investor is involved which may lead us to suspect or reasonably suspect that the investor is ormaybe involved in any unlawful activities or money laundering. Should we subsequently become aware of suspicions of this nature, we shallimmediately inform MET Collective Investments (RF) (Pty) Ltd.

6. I/We confirm that I/we subscribe and adhere to the fit and proper requirements and other statutory obligations and criteria imposed by legislationcovering advice dispensed and/or intermediary services rendered to investors.

7. I/We understand that I/we are the primary accountable institution under the Act.8. I/We confirm that I/we have identified the client, including the investment owner, insured life/lives, contribution/premium payer and cessionary, their

residential address and business address where applicable and verified his/her/their details on this contract under the requirements that section 21of the Financial Intelligence Centre Act, No. 38 of 2001, sets out and also that I/we have stored all the verification documents in terms of section22 of the same Act. I/We further confirm that I/we have established the source of the client's income and/or the source of the money that the clienthas used/will use to conclude this transaction. I/we am/are satisfied that the applicable income or source of money is consistent with the client'sbusiness activities. I/We gave and explained all documents that apply to this investment to the investor before they signed this application.I/We acknowledge that I/we have personally explained all the fees and charges applicable to this investment and application to the investor.

9. I/we understand that if I/we have selected 'No', MET Collective Investments (RF) (Pty) Ltd will be responsible for the primary 'Know Your Client'requirements of the Act and that the application will be delayed until MET Collective Investments (RF) (Pty) Ltd receives all the required'Know Your Client' documentation.

Yes No

Authorised signature of financial adviser

Y Y Y Y D D M MDate

Contract number RU


11.1 Are you a citizen, resident or tax resident anywhere other than South Africa? Yes No

If no, please complete and sign the self-certification declaration below.

If yes, please complete, sign and send the US self-certification form for individuals, with this application form (available at www.metci.co.za/More/Forms).

Section 11: My tax details (mandatory fields and/or signature)

Yes No

11.2 Dividend withholding tax

11.2.1 ExemptionSARS allows certain investors an exemption from dividend withholding tax (DWT) in terms of section 64F, 64G or 64H of the South African Income Tax Act no. 58 of 1962.

Do you qualify for this exemption?

If you are unsure about your DWT status, please contact your financial adviser or tax consultant.If yes, please complete, sign and send the Beneficial owner declaration of status form, with this application form (available at www.metci.co.za/More/Forms).


Y Y Y Y D D M M

Self-certification declarationI/We hereby confirm that I/we am/are not a citizen, resident or tax resident in the United States or any country other than South Africa. I/We confirm that the above information is true and correct, and that I/we will inform the Manager if my/our circumstances change, and I/we become a citizen, resident or tax resident in any country other than South Africa.



Surname

Full name(s)

Date

Date

Yes NoDo you qualify for a reduced DWT rate?

If yes, please confirm and sign below.

SARS also allows for a reduced DWT rate. If you qualify for a reduced rate, please make sure you send us the required declaration as per the South African Income Tax Act.

12.2.2 Reduced rate

the Manager in writing if the circumstances of the beneficial owner change.


Y Y Y Y D D M M

Declaration

I/We declare, in terms of section 64N, read with sections 64FA, 64G or 64H of the Income Tax Act 58 of 1962, requirements in terms of the DTA

between South Africa and

have been met and that dividends paid to the beneficial owner are subject to a reduced rate of % I/We undertake to inform

Date

Contract number RU




Surname

Full name(s)

Date

11.3.2 Reduced rateSARS also allows certain foreign investors a reduced IWT rate. If you qualify for a reduced rate, please make sure you send us the required declaration as per the South African Income Tax Act.

s. 50D(3)(b) - the debt claim for which that interest is paid is effectively connected with a permanent establishment of that foreign person inthe Republic, if that foreign person is registered as a taxpayer in terms of Chapter 3 of the Tax Administration Act.

Important: If you are a foreign person and are not exempt from IWT, or did not indicate an exemption reason, we must withhold IWT from interest of a South African source that is subject to IWT, and which we receive on your investment.

Important: This exemption will be valid for one year from the date of this application form unless you inform us before this end date that you no longer qualify for this exemption. To continue to qualify for this exemption each year, please make sure that you complete and submit to us the Interest withholding tax: Declaration exemption ITD(EX) form, on a yearly basis.

11.3 Interest withholding tax (applicable to foreign investors only)

11.3.1 ExemptionSARS allows certain foreign investors exemption from interest withholding tax (IWT), in terms of section 50D(3) of the South African Income Tax Act no. 58 of 1962.

Yes NoDo you qualify for this exemption? If yes, please give the reason(s) by ticking the appropriate block(s) below:

s. 50D(3)(a) - the beneficial owner of the investment is a foreign natural person who was physically present in the Republic for a periodexceeding 183 days in aggregate during the twelve-month period preceding the date on which the interest is paid.

Section 12: CIS disclosures (mandatory reading)

Collective investment schemes in securities are generally medium- to long-term investments. The value of participatory interests or the investment may go down as well as up. Past performance is not necessarily a guide to future performance. The manager does not provide any guarantee, either with respect to the capital or the return of a portfolio. The manager has the right to close certain portfolios to new investors, in order to manage it more efficiently, in accordance with its mandate. Collective investment schemes are traded at ruling prices and can engage in borrowing and scrip lending. The collective investment scheme may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity.

Different classes of participatory interests apply to these portfolios and are subject to different fees and charges. A schedule of fees, charges and maximum commissions is available on request from the manager, or is available on the website at www.metci.co.za. Forward pricing is used. The portfolio valuation time is 08h00 for fund of funds, 17h00 for the PIC MET Bond Fund and the PIC MET Money Market Fund, and 15h00 for all other portfolios and the transaction cut-off time is 14h00. The transaction cut-off time should be 14h00, for portfolios except fund of funds, but execution is not always guaranteed. If execution could not take place on the same day, it will take place the next business day, or at the earliest possible opportunity. For fund of funds, the cut-off time for the execution of trades is 14h00 on the day preceding the pricing date.

Foreign securities within portfolios may have additional material risks, depending on the specific risks affecting that country, such as: potential constraints on liquidity and the repatriation of funds; macroeconomic risks; political risks; foreign exchange risks; tax risks; settlement risks; and potential limitations on the availability of market information. Fluctuations or movements in exchange rates may cause the value of underlying international investments to go up or down. Investors are reminded that an investment in a currency other than their own may expose them to a foreign exchange risk.

The terms and conditions as well as the minimum disclosure document (MDD) for each fund are available on MET Collective Investments' website at www.metci.co.za. Associates of the manager may be invested within certain portfolios and the details thereof are available from the manager.

The manager retains full legal responsibility for the third-party-named portfolio.

A money market portfolio is not a bank deposit account. The price of a participatory interest is a marked-to-market value. The total return to the investor is made up of interest received and any gain or loss made on any particular instrument, and in most cases the return will merely have the effect of increasing or decreasing the daily yield, but in the case of abnormal losses, it can have the effect of reducing the capital value of the portfolio. Excessive withdrawals from the portfolio may place the portfolio under liquidity pressures, and in such circumstances a process of ring-fencing of withdrawal instructions and managed pay-outs over time may be followed.

The yield of the PIC MET Bond Fund is historic and the yield is calculated monthly.

Contract number RU

of 15met collective investments (RF) (Pty) Ltd | public investment corporation SOC limited (class a1) | investment application form for an individual |terms and conditions | published: 29 march 2018

Section 13: Terms and conditions (mandatory reading)

Investors must read the applicable terms and conditions outlined below as well as the necessary FICA and new business requirements available on the MET Collective Investments (RF) (Pty) Ltd website (www.metci.co.za) before signing the application form.

1. For the purposes of this application form, an Investor means the holder of a participatory interest/s in a collective investment scheme in securitiesadministered and managed by MET Collective Investments (RF) (Pty) Ltd (“the Manager”), which is registered with the Registrar of CollectiveInvestment Schemes.

2. Net asset value (NAV): Prices are calculated on a NAV basis, which is dependent on the total value of all assets in the portfolio including anyincome accruals and less any permissible deductions from the portfolio divided by the number of participatory interest/s in issue. Permissibledeductions include brokerage, securities transfer tax, auditor's fees, bank charges, trustee/custodian fees and the service charge levied by theManager.Service charge: The service charge for each portfolio is accrued daily and levied monthly on the market value of the portfolio. A portfolio mayhave a performance-based annual fee, which shall be a variable amount that may either increase or decrease, depending on whether theManagerhas added or detracted value for the portfolio relative to the portfolio's benchmark. Refer to the latest minimum disclosure documents(MDDs) for more details. The service charge is usually deducted from the income received by the portfolio/s.

3. Performance fees: Certain portfolios have performance fees which are detailed in the Manager's portfolio summary sheet, available onwww.metci.co.za and on the latest MDD. Investors may carry a lower proportion of the performance fee relative to performance enjoyed, whileother Investors may carry a higher proportion of the performance fee relative to performance enjoyed. Where underlying portfolio/s charge implicitperformance fees (i.e. implicit in their unit prices), Investors may carry these performance fees regardless of whether the top-tier portfolio ormandate has outperformed its own benchmark.

4. Total expense ratio (TER): The TER of a portfolio is a measure of the portfolio's assets that were relinquished as operating costs expressed as apercentage of the daily average value of the portfolio calculated over a period of usually a financial year. Typical expenses which are deductedfrom a portfolio include annual service charges, performance fees, taxes, trustee fees and audit fees. The latest TERs are displayed on the MDDs.

5. Switch: A switch involves selling participatory interests in one portfolio and investing the proceeds in another portfolio. Refer to the Manager'sSwitch Form for further details as well as applicable fees.

6. Income distributions are made at regular intervals for all portfolio/s. Distributions are declared as specified in the Deed and applicablesupplementary deed/s. Refer to the latest MDDs for more details. Distribution payments will only be made if the value of the payment is aboveR20.

7. The Investor applies to invest in the portfolio/s administered and managed by the Manager in accordance with the provisions of the Deed and anysupplemental deed/s executed thereafter as at the NAV price as at close of business on the date of receipt of the money by the Manager from theInvestor.

7.1 In the case of an initial investment, no investment application shall be considered or processed unless the Manager is in receipt of the following: 7.1.1 A fully completed application form 7.1.2 Proof of receipt of money, for example deposit slip or proof of electronic transfer

7.1.3 Investment instructions 7.2 The requirements as stipulated in clause 7.1 above must be in possession of the Manager before the daily cut-off time of 14h00. If the

requirements are only satisfied after 14h00, the following working day's NAV price shall be used to calculate the purchase value of the investment and the investment will be processed on such following working day. In instances where the Investor is applying for subsequent investment/s, the Investor must forward proof of deposit or bank confirmation slip to the Manager as well as investment instruction completed on the relevant form by facsimile or email to the Manager before the cut-off time of 14h00. Provided the Investor has forwarded proof of deposit or bank confirmation slip and instructions, the application will be processed on the next working day.

8. Foreign investors use the same bank account details noted on the application forms and are issued with a swift code by the bank. Deposits andpayments will only be received in South African rands.

9. The Investor authorises the Manager to act upon investment instructions completed on the relevant form received by facsimile, email, internet siteor any other electronic medium with regard to any investment in portfolio/s administered and managed by the Manager. The Investor confirms thatany electronic record of investment instructions and applications received and processed by the Manager as aforesaid will constitute prima facieproof of the contents of such instructions and applications and the Investor indemnifies the Manager against any losses, claims or damages arisingfrom acting on such instructions and/or applications and confirms that the Manager shall not incur any liability of whatsoever nature in respect ofany transfer, payment or other act done in accordance with such instructions and/or applications notwithstanding that it shall be shown that samewas not signed, sent or emanated by the Investor. It is also agreed that this authorisation shall remain in force until notice in writing of itstermination is received by the Manager and any such notice shall be without prejudice to the completion of transactions already initiated pursuantto this authorisation.

10. All documentation and/or communication received by any form of electronic medium by the Manager from the Investor, including but not limited to,application forms, specific documents required or requested by the Manager, investment instructions completed on the relevant form, proof ofdeposit or bank confirmation slip and so forth, must not be assumed to be in the possession of the Manager. The Investor must after forwarding aninstruction to the Manager's Client Service Centre number as stipulated in the application form confirm that the Manager is in receipt of suchinstruction. The Manager shall not be held liable for any and all claims, losses and or damages whether indirect, special or consequential and orany expense of any nature whatsoever which the Investor may incur or suffer as a result of the Investor not adhering to the aforesaid.

11. As stipulated in clause 7.1 above, this application form will not be processed before the Manager receiving all of the relevant documentationrequired, as set out in the Financial Intelligence Centre Act, 38 of 2001 (FICA) and new business requirements document. The Manager reservesthe right to request further documentation not referred to in this document, as and when applicable and further reserves the right not to processany Investment instruction/s should any documentation which the Manager requests and or requires; not be provided by the Investor to theManager. The Manager shall not be held liable for any and all claims, losses and/or damages whether indirect, special or consequential and/or anyexpense of any nature whatsoever which the Investor may incur or suffer as a result of the instruction not being process timeously by the Managerdue to the aforesaid.

The investment manager of the funds pertaining to this application form is Public Investment Corporation SOC Limited, registration number 2005/009094/06 and FSP number 19777. The investment manager is an authorised financial services provider under the Financial Advisory and Intermediary Services Act (No. 37 of 2002), to act in the capacity as investment manager. The address is the same as the Manager. This information is not advice, as defined in the Financial Advisory and Intermediary Services Act (No. 37 of 2002). Please be advised that there may be representatives acting under supervision.

Contract number RU

of 15met collective investments (RF) (Pty) Ltd | public investment corporation SOC limited (class a1) | investment application form for an individual |terms and conditions | published: 29 march 2018

12. The Investor undertakes to send the original documents as set out in the FICA and new business requirements document to inform the Managerwhen any contact details and or other pertinent information has changed and to forward such information and necessary documents to theManager within 14 (fourteen) days of such change occurring. In instances where the Investor has failed to timeously provide the aforesaid detailsand documents to the Manager and should the Manager need to trace the Investor, any and all costs associated with tracing the Investor shall befor the account of the Investor.

13. In the event that the Investor provides instruction for the repurchase of participatory interest/s in a particular portfolio, payment will only be madeinto the Investor's bank account. Payment will be effected within 14 (fourteen) days of the required documentation reaching the Manager.Where the participatory interests tendered for repurchase have been ceded, the written consent of the cessionary, or alternatively, proof thatthe cession has been cancelled must be provided before the repurchase can be processed. The Manager will under no circumstances makethird-party payments. Furthermore, in the event of the Manager receiving conflicting repurchase instructions, the Manager reserves the right not toact on such instructions received and the Manager shall not be held liable for any and all claims, losses and/or damages whether indirect, specialor consequential and/or any expense of any nature whatsoever which the Investor may incur or suffer as a result of the instruction not beingprocess timeously by the Manager due to the aforesaid.

14. Without prejudice to any other rights, which the Manager may have in terms hereof or at law, the Investor agrees that the Manager shall be entitledto recover from the Investor any amount of money paid to the Investor, which the Investor is not entitled to for whatsoever reason, including interestthereon.

15. The Investor's domicilium citandi ex executandi for all notices and processes to be given in terms hereof, is the physical address detailed on thisapplication form or as notified in writing to the Manager.

16. Repurchase and income distribution payments are not transferable (will only be paid to the bank account in the name of the Investor) and can onlybe made electronically.

17. Any capital gain realised on the disposal of a participatory interest in a collective investment scheme is subject to capital gains tax (CGT).The Manager is obliged to report on the weighted average cost method for CGT purposes.

18. Notwithstanding anything to the contrary contained in the application form, the Manager reserves the right to amend any provision of the terms andconditions contained herein and/or amend any other provision as contained within the application form upon reasonable written notice to theInvestor of such amendment and/or cancellation.

19. Notwithstanding anything to the contrary contained in the application form, where an Investor has made an investment via lump sum investmentand elects to repurchase participatory interest/s in the Fund resulting in the Investor's value in such Fund after the repurchase to fall belowR2 000.00, any repurchase instruction will result in the total balance being redeemed alternatively, the Investor may make an additional investmentinto the Fund by purchasing additional participatory interest/s to ensure that the minimum balance in the Fund exceeds R2 000.00.

20. All direct deposits and EFTs must clearly reference the RU contract number to ensure that the deposit is matched to the correct contract. Wherethe Manager has been instructed to collect money from the bank account, bank accounts will be debited within 2 (two) working days. The Manageris limited to a maximum amount of R499 999.99 per collection. Money will only be invested once the Manager's requirements have been satisfied.Participatory interests bought with a direct debit can only be disinvested or switched after 7 (seven) days. Electronic/internet transfers can take upto 2 (two) working days to appear in the Manager's account.

21. The Investor confirms that neither the Manager nor any of its employees have provided any advice on the suitability of this investment to theInvestor's objectives and financial needs.

22. Cooling off rights are not applicable to investments in collective investment schemes.23. Client statements are issued bi-annually when distributions are paid. Client statements are also available upon request from the Manager.24. Tax certificates (IT3B and IT3C) are sent to clients annually after the tax year.25. Complaints may be addressed to the Manager at the address provided on the application form.26. There may be actual or potential conflicts that may exist between the interests of the Manager and investors, for example, associates of the

Manager may be invested within certain portfolios, and the details thereof are available from the Manager.27. The Standard Bank of South Africa Limited is the Trustee of the MET Collective Investments Scheme, 20th Floor Main Tower, Standard Bank

Centre, Adderley Street, Cape Town, 8001.

Section 14: Investor declaration (mandatory fields and/or signature)

1. I/We warrant that I/we have provided proof that positively identifies myself/ourselves and that information contained herein is true and correct, andthat where this application is signed in a representative capacity I/we have the necessary authority to do so and that this transaction is within my/our power granted by my/our principles and that any additional information reasonably requested from time to time by MET Collective Investments(RF) (Pty) Ltd will be provided in accordance with company policy or statute.

2. I/We understand that this application is read and understood; with the deed, terms and conditions, portfolio summary sheet, minimum disclosuredocument (MDD), FICA and new business requirements document and constitutes the entire agreement between MET Collective Investments(RF) (Pty) Ltd and myself/ourselves.

3. I/We warrant that in respect of this investment, I/we have complied with all money laundering legislation and regulation applicable to South Africa.4. I/We are aware of and consent to all costs relating to the investment.5. I/We confirm that the risk profile of the investment has been explained to me/us, and I/we understand that it is my/our obligation to familiarise

myself/ourselves with and accept the risks associated with this investment.6. I/We confirm that I/we was/were provided with the MDD prior to transacting.

I/We hereby certify and warrant that:1. I/We are acting for our own account and that I/we have made our own independent decision to invest in this product on the basis that I/we are

satisfied having read the relevant brochures and documentation that this investment is appropriate for my/our specific needs and circumstancesand financial requirements.

2. I/We acknowledge that MET Collective Investments (RF) (Pty) Ltd does not fulfill the function of an investment adviser and does not dispenseadvice, neither written, oral nor implied, does not give guidance nor proposals or recommendations. I/We further acknowledge that information andexplanations relating to the terms and conditions of this investment or the mechanics of the product shall not be construed as investment advicenor any form of recommendation to enter into the investment.

of 15met collective investments (RF) (Pty) Ltd | public investment corporation SOC limited (class a1) | investment application form for an individual | fica and new business requirements | published: 29 march 2018

Contract number RU

Please insert the name of the representative for minors/persons without legal capacity. If signing on behalf of the investor, please provide the name of the representative, proof of authority and supporting verifying documentation.


Surname

Full name(s)

Date

Section 15: FICA and new business requirements (mandatory reading)

The forms below are available at www.momentum.co.za.

Background FICA was promulgated to combat money laundering activities and the financing of terrorist and related activities. It also imposes certain duties on institutions and other persons who might be used for money laundering purposes and the financing of terrorist and related activities. MET Collective Investments (RF) (Pty) Ltd is as institution accountable for identifying and verifying the identity of any prospective, new and existing clients. FICA also states how the different types of clients should be identified and which verification documentation is acceptable.

Banking details • A bank statement on an official letterhead (less than three months old) reflecting the name of the premium or contribution payer. If the account is

not in the name of the premium or contribution payer, fill in and provide the documentation in accordance with the appropriate FICA checklist on theaccount holder.

• A letter from the bank on an official letterhead that confirms the bank account number, the account holder's details as well as the type of account.• A cancelled cheque (less than three months old) will also be accepted. If the account is not in the name of the premium or contribution payer, fill in

and provide the documentation in accordance with the appropriate FICA checklist on the account holder.

Note: Bank statements obtained from the internet is not acceptable. However, a blank cancelled cheque is acceptable, but if the cancelled cheque is filled in, it should be less than three months old.

Natural persons or sole proprietor (FICA001), or natural persons (non-RSA residents) (FICA009)

Identification

If a South African (FICA001): Documents to verify identity, such as a copy of a valid identity document, passport or driving license (and must be accompanied by valid reasons as to why a green barcoded ID is not available).

If a foreign national (FICA001): Documents to verify identity, such as a copy of a green barcoded ID, issued by the South African Department of Home Affairs, a copy of a valid passport or valid refugee or asylum seeker documents.

If a non-RSA resident (FICA009): • Identification of persons, with a valid passport.

If a minor:• Refer to the information under 'Minors'.

For legal incapacity:• Refer to the information under 'Legal incapacity'.

Proof of address

If a South African (FICA001): A document to verify residential address. Refer to the under 'Documents to verify residential or physical address'.

If a foreign national (FICA001): A physical address written on a document that verifies identification.

If a non-RSA resident (FICA009): Identification of residential address.

Other FICA checklists or documents available: • FICA008: FICA declaration by financial adviser (Not for Momentum financial planners/franchise agents/consultancies)• FICA010: Identification and verification of listed companies• FICA011: Confirmation of residential address by cohabitant or third-party homeowner


Y Y Y Y D D M MDate

3. I/We confirm that I/we are capable of evaluating and understanding the investment without the assistance of investment advice and that I/wehereby accept and agree to the terms and conditions of the investment/product.

4. I/We hereby indemnify and hold MET Collective Investments (RF) (Pty) Ltd harmless against any and all claims, losses and/or damages whetherindirect, special or consequential and/or any expense of any nature whatsoever which I/we may incur or suffer as a result of the independentdecision to invest in this particular investment/product.

of 15met collective investments (RF) (Pty) Ltd | public investment corporation SOC limited (class a1) | investment application form for an individual | fica and new business requirements | published: 29 march 2018

Contract number RU

Minors Minors must be treated in accordance with regulation 3(2) of the act, which stipulates that the accountable institution should verify the identity and residential address of the legal guardian of the minor. The minor must also be identified and verified by means of the following valid documents: • A copy of an abridged birth certificate, or identity document, if older than 16;• an affidavit from a parent confirming that the minor resides with parent (FICA011);• a copy of the identity document of the parent signing the affidavit; and• a utility bill in the name of parent signing the affidavit.

Legal incapacity This is for a person acting on behalf of another. Regulation 5(2) requires that both the client, who is legally incapacitated, and the person acting on behalf of the client must be identified and verified in accordance with the checklist for natural persons.

Here the following is necessary: • A copy of a valid identity document, passport or driving licence (and must be accompanied by valid reasons as to why a green barcoded ID is

not available);• a document to verify the residential address; and• documents to confirm the authorisation (to act on the person's behalf).

Documents to verify residential or physical address We require any of the following documents reflecting the name of the person and the residential or physical address:

A municipal or electricity provider or utility or service bill reflecting the name and residential address of the person (less than three months old). A property rental agreement reflecting the name and residential address of the person (less than 12 months old).

A residential or lease agreement must include: - The name, particulars and signature of the lessee and the lessor;- the term for which the lease applies;- the erf number or street address;- the lease number; and- the date the agreement is signed (not older than 12 months)

A property rates and taxes invoice reflecting the name and residential address of the person (less than three months old).- If only the erf number (and no street name) is displayed, it is acceptable. However, an application for a clearance certificate is not

acceptable as this is only an application and has not yet been accepted by the municipality.

Examples of these invoices are the following: - If prepaid (eg utilities such as an electricity meter), proof of payment that reflects the date, stand number, account number, initials and

surname of the person (less than three months old).- A mortgage statement reflecting the name and residential address of the person (less than three months old).- A Telkom account reflecting the name and residential address of the person (less than three months old).- A South African Revenue Service tax return or IRP5 issued by the employer reflecting the name and residential address of the person (less

than 12 months old).- Correspondence from a body corporate or share-block association reflecting the name and residential address of the person (less than

three months old).- A pay slip or salary advice reflecting the name and residential address of the person (less than three months old).- A short-term insurance document inclusive of the policy schedule listing proof of house content insurance reflecting the name and

residential address of the person (less than 12 months old).- A bill or statement from a company contracted for services at the property given as the person's address reflecting the name and

residential address of the person. Examples of such services are garden or pool or security monitoring services that are regularly billing theperson (less than three months old).

- A letter from the bank on an official letterhead confirming that the bank has KYC'ed the client in accordance with section 21 of FICA. Thisletter should reflect the name and residential address of the person.

For cohabitants or persons living on the same premises:- A filled in FICA011 form and the documentation provided by the person in whose name the proof of residence is noted.For rural or informal housing areas: - The headman must confirm the residential particulars on a letter that contains the headman's ID number as well as his stamp; or- a letter from the local South African Police Service (SAPS) in which the SAPS official states that he visited the person at the

residential address and can confirm that the person resides at the address; or- the local authority confirming the residential address.

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