1. GSE SECURITIES DEPOSITORY COMPANY LTD AMEDA PRESENTATION APRIL 26, 2012

2. CORPORATE ACTIONS Ghana Stock Exchange is primary source of corporate action GSD does not process information Provides entitlement list to Registrars Final upload is done at the GSD and accounts are credited With regards to bonus issue accounts are credited directly after apply date is communicated by Issuer

3. SETTLEMENT MODEL (BIS MODEL II) Settlement cycle T + 3 Guarantee Fund Each clearing member has a committed line of credit with a bank Settlement Bank – commercial bank electronically linked with the Clearing House Net cash settlement, Gross Securities Settlement