Banks Act, 1990 (Act No. 94 of 1990)

DECLARATION BY CHAIRPERSON OF INSTITUTION*

I, the undersigned, ................................................................................ , being chairperson of the board of directors of ................................................................................ confirm that I have carefully studied all information supplied in this statement and, after discussion with the deponent ................................................................................ and all other members of the board, and after having taken into account any other information at my disposal or that has come to my attention, am of the opinion that the deponent ................................................................................ is fit and proper to take up office in this institution, with effect from ................................................................................ In the case of the appointment of a director, I confirm that there has been compliance with the appropriate conditions of the articles of association of the company. Similarly, in the case of the appointment of an executive officer, I confirm that there has been compliance with company policy.

DECLARATION BY AUDITOR IN CASE OF NEW BANK*

I, the undersigned,................................................................................ , being the auditor of ................................................................................, confirm that I have carefully studied all information supplied in this statement and, after discussion with the deponent ................................................................................ and all other members of the board, and after having taken into account any other information at my disposal confirm that nothing has come to my attention that causes me to believe that the deponent ...........................................................................is not fit and proper to take up office in this institution, with effect from ................................................................................ In the case of the appointment of a director, I confirm that there has been compliance with the appropriate conditions of the articles of association of the company. Similarly, in the case of the appointment of an executive officer, I confirm that there has been compliance with company policy.

* Delete whichever is not applicable

Note: Each page of the form BA 020, and each additional page attached thereto, shall be initialled by the relevant signatories, that is, the relevant applicant, commissioner of oaths, and the chairperson of the board of directors or external auditor.