1. AMEDA Conference Mauritius PRESENTED BY: Monica Singer, CEO DATE: May 2008

2. We are committed to be the trusted and preferred centralised provider of products and services which are accessible to, and create value for, our current and future stakeholders Vision of Strate Strate’s Strategic Direction

3. Strate’s purpose is to provide stakeholders with clearing, settlement and depository services for securities, enabling end-to-end pragmatic, reliable, innovative solutions that facilitate the management of risk and the realisation of value. Purpose of Strate Strate’s Strategic Direction

4. History of Strate October 1996-project begins September 1997-technology to be acquired identified May 1998-contract for system implementation signed with TCS and SARB goes live with SAMOS 1999-Legislation amendments approved by Parliament November 1999-system live with Harmony Gold Mine July 2000-12 more companies into Strate March 2001- schedule for all companies to move into Strate approved January 2002-all listed companies settling in Strate August 2003-merger with Unexcor and CD Ltd approved Clearing and settlement of equities, bonds and money market instruments (2009)

5. Benefits of Strate Rolling, contractual, guaranteed settlement Simultaneous final irrevocable delivery versus payment in Central Bank Funds Reserve Bank connectivity and payments via Central Bank funds World class settlement system – SAFIRES S.W.I.F.T Connectivity (ISO 15022 standards) and WAN Risk Management – given top ranking by Thomas Murray Corporate Actions processing with no claims Robustness of support for business continuity capability and Disaster Recovery G30 compliance except T+ 3 for equities Adoption of IOSCO principles Electronic securities lending and borrowing No failed trades

6. Markets we service Equities – Shares, Exchange Traded Funds and Warrants (T+5) Alt-X (T+5) Yield-X (T+3) Bonds (T+3) MMI – November 2008 (T+0) Namibian Stock Exchange (NSX) (T+5)

7. Strate’s Shareholders

8. Board Composition Chairman (Independent Non Executive) One executive director Two representatives from the JSE Ltd (shareholders) Two representatives from the Banks / Participants (rotation basis) (shareholders) One representative from issuers One representative from asset managers Five independent non executive directors

9. Management Team CEO Head of Marketing and HR Head of Finance Head of Legal Head of Risk Management Head of Supervision Chief Operating Officer Head of IT Head of Clearing And Settlement Head of Issuer And Asset Servicing Project Office Total number of employees as at end March 2008 = 114

10. Market activity on the JSE – Number of Trades Millions

11. Market activity on the JSE – Annual Turnover Liquidity – 40%

12. Market activity on the Bond Exchange of South Africa – Nominal Value of Issues

13. Market activity on the Bond Exchange of South Africa - Market Turnover Liquidity – 1900%

14. Current Projects Electronic settlement of Money Market Instruments (Nov 2008 – proposed pilot phase) Corporate Action Automation (System selection underway) Bonds Automation (replace and enhance the current bonds system) T+3 for equities Application Service Provider Custody Solution (Strate / TCS to provide a custody technology solution for participants) SRG 2008 (SWIFT release) TASE (Facilitate offshore investment to settle in a foreign CSD and mirrored in Strate), a joint venture with Citibank.

15. Current Research / Future Projects Settlement of Carbon Credits Implementation of Retail model / Securities Ownership Register Issuer Services Enhancement (E-proxy, E-books, E-AGM to enhance communication between issuers and investors Dematerialisation of title deeds

16. Available to other CSDs Money Market Instruments including ISO 15022 standards International Best Practice Research – findings, concepts and Request For Information responses Application Service Provider Custody Solution model Depository clearing and settlement using Strate’s technology as a hub

17. Questions? Contact Monica Singer monicas@strate.co.za +27 11 759 5311