2. Electronic Signing of Pension Fund Financial Statements for Submission to the FSB An FSB Integrated Electronic Solution

3. Current Process Electronic Submission of Financial Statements Submission of signed Hard Copies to follow Massive backlog – majority of 2005 Statements not submittedMassive backlog – majority of 2005 Potential penalties and non-compliance

4. New process Administrator / Auditor prepares Financial Statements Administrator / Auditor shares FS on Verifynow platform with Trustees and other relevant parties All relevant parties sign FS electronically on Verifynow platform Electronically signed FS submitted with electronic data to FSB Administrator / Auditor uploads FS on Verifynow platform

5. Process Flow FSB Auditor / Administrator Trustees Step 1 Verifynow FS

6. Process Flow FSB FS Auditor / Administrator Trustees Step 2 Verifynow

7. Process Flow FSB FS Auditor / Administrator Trustees Step 3 – Option1 Verifynow Data

8. Process Flow FSB Auditor / Administrator Trustees Step 3 – Option 2 FS Verifynow Data

9. Verifynow function Issuing of electronic signatures to relevant Parties Electronic platform for signing FS Maintaining integrity of Electronic FS and Electronic Signatures. 100% legal compliant electronic substitute for hard copy signed FS Assuring the evidential weight of electronically signed FS

10. Benefits Integrated with FSB Electronic system Streamlined process Cost and Time Saving Absolute Assurance of Integrity of data Legally compliant processes Tamper proof documents and ensuring the required evidential weight Processes up to date with global trends and legislative requirements

11. Electronic Signatures Verification of identities as per specifications in ECT & FIC Acts Verification Agents – Commissioners of Oaths Third Party verification – Home Affairs / Deedsearch database Documentary proof of verification data is kept for future reference Strict login procedures and full audit trail ensures proof of access to documents and acceptance of declarations before electronic signing of documents

26. SignatureSignature sample

27. Thank You!