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MTN ZAKHELE SHARE TRADING

Restricted Trading in MTN Zakhele shares will start on 25 November 2013 following expiry of the three year Minimum Investment Period. MTN Zakhele shareholders will from 25 November be able to sell their MTN Zakhele shares to eligible buyers, buy more shares using the MTN Zakhele Share Trading Platform or the call centre established specifically for the purpose of trading in MTN Zakhele shares. In order to start trading, you need to REGISTER first. Registration commences on 1 November 2013.

REGISTRATION

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I am an individual existing MTN Zakhele shareholder who would like register to buy/sell shares. What do I do?

If you have access to the internet, please go to www.mtnz.co.za, click on Register and follow the simple registration process.

If you don’t have access to the internet, phone the Call Centre on 083 123 6869, where an agent will assist you.

What documents do I need to complete the registration process?

  • Valid South African ID number
  • Your Cellphone number
  • You need to ensure your personal details are up to date

My personal details have changed. What should I do?

If any of your existing personal details are incorrect or have changed, you will need to complete a Change of Details form, which can be downloaded from the website www.mtnz.co.za. You may also call 083 123 6869, where an agent will assist you.

The Change of Details form must be accompanied by the following supporting documents, for details which have changed:

  • Certified copy of South African ID Document
  • Bank statement not older than 3 months (not internet statements) stamped by your Bank; or signed and stamped letter from your bank confirming banking details
  • Bank statement not older than 3 months (not internet statements) stamped by your Bank; or signed and stamped letter from your bank confirming banking details

Once your updated information has been received and verified, you will receive an SMS inviting you to register on the MTN Zakhele Share Trading Platform through the website or Call Centre.

Additional documents are required if the shareholder is a minor or is represented by another person.

Once I have a valid South African ID number, cellphone number and all my details are up to date, what is the process to register?

Call Centre Website
Call the Call Centre and ask to Register Click Register
Provide your ID number to the agent Enter your ID number
A One Time Pin (OTP) will be sent to your cellphone, provide the OTP to the agent A One Time Pin (OTP) will be sent to your cellphone. Enter OTP
Verify / confirm your details: Full name, cellphone number, address, bank details Verify /confirm details
If all your details are correct, set up a security question (you can choose out of a possible 6 questions) and answer If all your details are correct, set up a security question (you can choose out of a possible 6 questions) and answer
Confirm acceptance of the trading terms and conditions. Confirm acceptance of trading terms and conditions.
A system generated password will be sent to your cellphone. Create a password on the website.

You will need your password ONLY to access the trading platform on the website (www.mtnz.co.za).

You do not need a password to trade on the Call centre, you only need an OTP, which will be sent to you each time you trade.

DO NOT SHARE YOUR PASSWORD WITH ANYONE, INCLUDING A CALL CENTRE AGENT.

A trading account is now open for you to trade. Proceed to login.

I am an existing Black Group shareholder who would like to register to buy /sell shares. What do I do?

Black Groups include companies, close corporations, stokvels, trusts, partnerships

  • Before registering to trade, all Black Groups must first update their details by completing a pre-registration form.
  • Pre-registration forms can be downloaded at: www.mtnz.co.za, or they can call the Call Centre on 083 123 6869 to have the forms e-mailed, or posted to them.
  • The information required from Groups is provided on the application form.

I am a new applicant who would like to buy MTN Zakhele shares. What do I do?

If you are not currently an MTN Zakhele shareholder and you wish to buy MTN Zakhele shares:

  • Complete an application form to apply to become a new MTN Zakhele shareholder.
  • The application form may be downloaded on the website, www.mtnz.co.za or you can call the Call Centre on083 123 6869 and it will be e-mailed, or posted to you.
  • Once your application has been approved; you will receive a sms notifying you to register on the website or via the call centre.

I am a new applicant who would like to buy MTN Zakhele shares. How do I know if I qualify?

Only Black People and Black Groups are eligible to buy MTN Zakhele shares

  • Black People are: African, Coloured, Chinese or Indian persons who are natural persons and who are either:
    1. (a) citizens of the Republic by birth or descent;
      (b) citizens of the Republic by naturalisation before 27 April 1994; or
      (c) citizens of the Republic on or after 27 April 1994 who, but for the Apartheid policy in place prior to that date, would have been entitled to acquire citizenship by naturalisation prior to that date.

  • Black Groups ("Black Groups" as more fully defined in the prospectus issued by MTN Zakhele in August 2010), which are made up of Black Companies and Other Black Entities:
    • Black company – a company incorporated in accordance with the laws of South Africa, in which black people own or control more than 50% of the ordinary shares or other equity interest of the company, on an effective flow-through basis (excludes measurement utilising the modified flow-through principle)
    • Other Black Entities – a vesting trust; a broad-based ownership scheme and an unincorporated entity or association, including a partnership, joint venture, syndicate or stokvel, which is owned or controlled by a majority of black people.


TRADING (BUYING AND SELLING) IN MTN ZAKHELE SHARES

Once you have successfully registered, you can sell your shares using the internet www.mtnz.co.za or by calling the Call Centre 083 123 6869. You need to have your cellphone ,your ID number (for individuals) or shareholder number (for groups).

I am registered and would like to sell my MTN Zakhele shares, what do I do?

  • Log in using your ID number (individuals) or shareholder number and authorised representative ID number (groups) or provide same to the Call Centre agent
  • Indicate the number of shares you want to sell.
  • Indicate the price at which you wish to sell your shares.
  • How long you want your order to be valid for (maximum 90 days)
  • Once your shares have been sold you will receive an SMS confirmation.
  • The cash from the sale of your shares will be deposited into your bank account with 5 business days from the date of sale.

I am registered and would like to buy MTN Zakhele shares. What do I do?

Before you can buy shares, you need to first deposit money into the MTN Zakhele Bank Account.

  • Deposit cash or make an electronic funds transfer into the MTN Zakhele bank account. No cheques are allowed. The maximum cash that may be deposited is R24,999.
  • Use your ID number (individuals) or shareholder number (groups) as the reference number in order for the funds to be correctly allocated to your trading account
  • It can take up to 3 days for any funds deposited into the MTN Zakhele bank account to reflect in your trading account
  • You will receive SMS confirmation once funds reflect in your trading account

You can now place your buy order using the website www.mtnz.co.za or Call Centre as follows:

  • Indicate the number of shares you wish to buy;
  • The price per share you are willing to pay for the shares.
  • How long you want your order to be valid for - maximum of 90 days
  • Once your shares have been bought you will receive an sms confirmation.

What if my sell order is not matched?

  • If your order is not matched by the end of the time you chose, your order will lapse and the shares will remain yours.

What are the MTN Zakhele Bank Account details?

ACCOUNT NAME: MTN ZAKHELE (RF) LIMITED
Bank: ABSA
Branch Name: Towers North
Account No: 4082224549
Branch Code: 632005

What are the fees charged and why do I have to pay fees?

Both the buyer and the seller must pay a transaction fee to us. The minimum transaction fee is R60 or 0.75% of a matched value (whichever is higher).

The fees charged are for management, maintenance and support services related to the MTN Zakhele Share Trading Platform.

Buy trades are also charged a Securities Transfer Tax (STT) equating to 0.25% of the executed trade value, unless the law states that no STT is payable for a particular transaction.

How many MTN Zakhele shares can I buy?

There is no limit on the amount of MTN Zakhele shares you can buy. The Black Share Transfer Committee (known as the BSTC) may investigate or review any trade, for example trades of shares above a certain amount and may refuse to allow certain transfers. The BSTC will only do what is allowed in terms of the Relationship Agreement between MTN Zakhele, MTN and each shareholder of MTN Zakhele, dated 12 July 2010 and the memorandum of incorporation of MTN Zakhele.

How many of my MTN Zakhele can I sell?

There is no limit on the amount of MTN Zakhele shares you can sell, provided that you own them.

What are the trading hours?

Trading hours are weekdays between 09h00 and 17h00 excluding public holidays.

What price should I trade my shares at?

MTN Zakhele and its agents are not registered brokers and cannot provide investment advice. You should seek investment advice from a financial advisor or broker in this regard. We merely facilitate the trading process. However, shareholders have access to the following information on the MTN Zakhele website or via the Call Centre to help with price setting:

  • A history of the last 20 trades and the prices at which the shares were traded
  • The 5 lowest prices that sellers are prepared to sell their shares at and the number of shares
  • The 5 highest prices that buyers are prepared to pay for shares and the number of shares

How much Tax will I pay if I buy shares?

Buyers will pay Securities Transfer Tax (STT) at 0.25% of the value of the trade before the shares are transferred into your own name, unless the law states that no STT is payable for a particular transaction. This will occur automatically as part of the buying process.

I made a deposit into the MTN Zakhele Bank Account. When can I go ahead and buy shares?

Deposits may take 2 to 3 working days to appear on your trading account cash balance and you will be notified as such via SMS. Once the funds have been allocated to your trading account you will be able to submit your order to buy either via the online trading platform at www.mtnz.co.za or via the call centre on083 123 6869.


Other

I have changed my bank account. What must I do?

You should contact Link Market Services South Africa (Pty) Limited (“Link Market Services”), the Transfer Secretary of MTN Zakhele, to obtain a form which must be completed and returned. Alternatively, you can download this form from www.mtnz.co.za

I have changed my address. What must I do?

You should contact Link Market Services, the Transfer Secretary of MTN Zakhele, to obtain a form which must be completed and returned. Alternatively, you can download this form www.mtnz.co.za.

I have changed my name. What should I do?

You need to send Link Market Services, the Transfer Secretary of MTN Zakhele, the certified copies of your old and new identity documents, as well as the conforming letter from Home Affairs, with a letter signed by yourself, requesting the change to be made.

My deceased relative owned shares. The estate is very small and does not need to be settled by lawyers.
What must I do to have the shares transferred out of his/her name?

You should contact Link Market Services, the Transfer Secretary of MTN Zakhele, who will advise you of the steps to follow and the documents required.

When will I start earning dividends?

As MTN Zakhele is a newly incorporated company, it has no trading or dividend history. It is not the intention of MTN Zakhele to declare dividends in respect of the MTN Zakhele Shares until its financing has been settled.