CENTRAL SECURITIES DEPOSITORY (GH) LTD.

NOTICE NO. CSD/DP/2012/003

Further to our Notice No. CSD/DP/2012/001 of October 4, 2012, Bank of Ghana has indicated its readiness to settle the cash leg of Securities Transactions at the OTC market in Government and Bank of Ghana Securities.

In this regard, effective Monday December 3, 2012 all settlements (both cash and securities) for transactions reported into the CSD System will be carried out by the CSD. The current practice where counterparties move funds between themselves on bilateral basis will therefore no longer apply.

The net cash position of each participant will be sent to the Bank of Ghana at 4.30 pm on Trade Day (T+0) to be applied to the accounts of the Settlement Partner. Participants must ensure that they have enough funds in their accounts for that purpose. Securities movement will be completed on the accounts of investors with the CSD by 5.00 pm on Trade Day (T+0) upon confirmation of fund settlement by Bank of Ghana.

Please take note and comply accordingly.

Management of Central Securities Depository

November 23, 2012