TERMS AND CONDITIONS FOR AWARD OF INVESTMENT GIFT CERTIFICATE

1. The investment in respect of the award would be made wholly in the capital market as a means of encouraging investment and savings culture;

2. Collective Investment Schemes (CIS) have been identified as a viable sector of the market where the investments would be made;

3. Three (3) CISs will be selected by the CMC on the basis of comparative return on investment for the last three years , with consideration also given to safety, diversification and Fund size/total assets. These Schemes will be presented as recommended investment vehicles to the awardee;

4. The Commission is not by reason of the foregoing presuming to act as an investment adviser, as the selection of the identified Funds is based strictly on objective criteria. Neither is the Commission by reason of the foregoing endorsing the Funds over other Funds or forms of investment;

5. The principal investments will be locked-in for a fixed period of five (5) years (irrespective of whether the investment is in an open-end or closed-end Scheme), after which the awardee is free to redeem, divest, or continue to hold the said investments;

6. There shall be no restriction on the awardee's access to the returns/dividends on the investment;

7. The five (5) year lock-in provision is without prejudice to the awardee's right to switch investment to a different Scheme after a minimum period of one (1) year;

8. The investments will be subject to the normal risks associated with investments of the same nature and the Commission does not in any way offer any guarantee as to the performance or return of the investments;

9. Save for the restriction imposed under item 5 above, the awardee shall have all rights/entitlements accruing to all other unit holders/investors of the particular schemes.