ANNA and AMEDA 7th Meeting Overview in Mauritius May 23, 2008

1. Africa & Middle East Depositories Association (AMEDA) 7th Meeting Mauritius May 23, 2008

2. Overview • ANNA and its Membership • International Standardisation Uwe Meyer – ANNA Secretariat

3. Overview ANNA ANNA Members ANNA Structure Working Groups/Task Forces Annual membership Benefits of membership Overview and status of International Financial Standards Existing standards Standards in preparation Appendixes Agenda

4. ISIN Standard was developed in the 1970’s ANNA formed from group of ISIN Experts ANNA founded in 1992 by 22 National Numbering Agencies ANNA <> ISO: interactive relationship 15 years of membership growth Formation of ASB as single ISIN database for all NNAs Registration Authority for ISIN, CFI and FISN Recent major development: China assumes ISIN allocation functionality in their region (12 Oct 2007) Overview

5. ANNA Members • Total full ANNA memberships (as of 31 Dec 2007): 74 National Numbering Agencies; • ANNA Partners (as of 31 Dec 2007): 19 organisations • ISIN coverage of 105 countries Overview of Membership by Business

6. ANNA Partners Algeria * Honduras * Azerbaijan * Kenya* Bangladesh * Mauritius * Botswana * Nicaragua Cameroon Swaziland * Cape Verde Tanzania Central Africa (CEMAC)** Uganda * El Salvador UEMOA ** Ghana * Zambia * Zimbabwe * * Hand-over process for ISIN numbering has been finalized ** Perform numbering function on behalf of several countries

7. ANNA Structure ANNA PARTNERS ANNA MEMBERSHIP ANNA BOARD ASB BOARD ANNA SECRETARIAT WORKING GROUPS TASK FORCES

8. Set-up procedure ofWorking Groups (WG) / Task Forces (TF) ANNA Board Proposal Proposal • Task Force • Convenor • Members • Working Group • Convenor • Members Prepares proposal Appointment Appointment General Meeting

9. Reporting ofWorking Groups (WG) / Task Forces (TF) 1. Proposes 2. Initial Report ANNA Board WG /TF Convenor WG /TF 3. Agenda for meetings 2. Initial Report 4. Results of meetings General Meeting

10. Membership fees € 2,000 per full member NNA ANNA Board assess revenue and adjust annual fees accordingly Most industry associations require an annual membership ANNA fees are modest in comparison to other associations (e.g. SIIA/FISD, ICMA, ECSDA, ACSDA etc); Fees are levied irrespective of market size, number of ISINs generated or type of organisation; Fees are primarily used to cover administrative expenses incurred running the association; Board members travel and expenses are covered by individual organisations (except specific event representation). Annual Membership

11. Being recognised globally as a full ANNA member Presents the ability to participate in a truly global association; Presents opportunities to be involved in the development of international standards that will have a direct impact on your local market; ANNA members are actively involved not only in ISIN and ISIN related matters but also the development of CFI, FISN and IBEI – all important security identifiers for the future. Standards drive market efficiency, clearing and settlement and STP automation Over the last 10 years, ISIN has been adopted as the security identification standard for clearing and settlement in Europe; 74 current members share this vision. Benefits of Membership

12. The NNA’s local market will gain more visibility in a global environment; Due to agreements amongst all NNAs, each NNA will have unrestricted access to all other member ISINs and agreed data elements; Local market participants will have easier and faster access to the exchange of ISINs; Benefits of Membership

13. Possibility to share experience, knowledge and know-how among ANNA’s members which is achieved via Country Reports, Regional reports and Working Group reports; NNAs contribute to each other’s growth, development and improvements; Right to attend, vote and speak at Ordinary and Extraordinary General Meetings. Benefits of Membership

14. Benefits of Membership The ANNA Board members strongly believe in the merits and goals of ANNA as a truly global association. We constantly strive to produce value to the ANNA members through information sharing, promotion of the efforts of ANNA and apply the association’s missions, visions and values to all aspects of its operation.

15. International Financial Standards Overview and status

16. ANNA – The Standardisation Competence As the Registration Authority for ISO 6166 (ISIN) and ISO 10962 (CFI), ANNA is empowered by ISO to carry out its duties with respect to the two standards. This illustrates the close working cooperation required both directly and indirectly among ISO as our governing body, the SC4 membership (the responsible ISO sub-committee focused on ISO standards related to financial instruments) and ANNA as the entity responsible the implementation of the standards.

17. New regulatory requirements • Increasing linking of financial markets (e.g. EU) • Continuing growth in new issues (transparency) • Diversification and complexity of financial instruments • Shrinking time-frames (time-to-market) Structural changes Standardisation by and through NNAs Standardisation Modernisation and optimisation of business processes Technological innovation National Numbering Agencies – Central Access Points for financial industry NSINational standards institute ISOInternational Organization for Standardization SWIFT Society for Worldwide Interbank Financial Telecommunication ANNAAssociation of National Numbering Agencies ... Straight Through Processing (STP) Transparency Speed Efficiency Harmonisation

18. Version: May 3, 2007 Overview ISO TC68 (Technical Committee 68) and its SCs (Sub-Committees) TC68 Financial Services Chairman: Karla McKenna, Citigroup, Inc., USASecretariat: Accredited StandardsCommittee (X9), USA SC2 SC4 WG4 SC7 Security and Operations Securities and related financial instruments Development and maintenance ISO 20022 Core Banking Scope Standardization for information security management and operations in financial services. Scope Standardisation in the field of securities and related financial instruments. Scope Standardisation in the filed of core banking where core banking is taken to cover the basic banking functions of deposit taking, lending, accountmaintenance and the payment execution process associated with operating a bank account. Chairman Mathew Rawlings, JP Morgan, UK SecretariatAPACS, UK Chairman Jean-Yves Garnier, Natexis Banques Populaires, France Chairman Nourredine Yous, Telekurs ChairmanMike Versace, FidelityInvestments, USA SecretariatAccredited StandardsCommittee (X9), USA SecretariatTelekurs, Switzerland SecretariatAFNOR, France

19. ISO TC68 - Standards TC68 SC2 Security and Operations SC7Core Banking Financial Services SC4 ISIN1(Identification)ISO 6166 AbbreviationsISO FDIS818773 Securities and related financial instruments In preparation CFI2(Classification)ISO 10962 FISN7ISO FDIS8 18774 IBEI5ISO CD6 16372 Data Field Dictionary ISO 20022 MIC3ISO 10383 BIC4ISO 9362 1 International Securities Identification Number2 Classification of Financial Instruments3 Market Identifier Code4 Bank Identifier Code5 International Business Entity Identifier6 Circulated Draft 7Financial Instrument Short Name 8 Final Draft International Standard Registration AuthorityRegistration AuthorityMaintenance AgencySponsor (central/decentral) Otherse.g. NNA ANNA SWIFT

20. Existing standards • ISIN International securities identification numbering system(ISO 6166)provides a uniform structure for a number, known as the lSIN, that uniquely identifies fungible financial instruments. Financial instruments subject to ISIN allocation include equities, debt instruments, entitlements (rights and warrants) and other instruments. • At present a revised version of the ISO Standard 6166 is in ISO voting process (deadline: July 15, 2008) The ISIN consists of - a prefix using the alpha-2 country code - the basic number, which is nine characters in length - a check digit Example DE0007100000 DaimlerChrysler AG 

21. Existing standards • CFIClassification of Financial Instruments (ISO 10962)The CFI code system provides a set of codes which can be used by all market participants in an electronic data processing environment and permits electronic communication between participants. • New version is in final ISO voting process Structure - The CFI reflects characteristics that are defined when a financial instrument is issued and remains unchanged during its entire lifetime. - The CFI consists of six alphabetical characters - The first character indicates the highest level of classification (categories) the second is the group, and the remaining letters show special attributes of the group.

22. Existing standards • MIC Market Identifier Code (ISO 10383) specifies a universalmethod of identifying exchanges, trading platforms and regulatedor non-regulated markets as sources of prices and relatedinformation in order to facilitate automated processing.The code consists of four alphabetical characters. 4 Examples The following are examples of exchange/market identifier codes (MIC): - XPAR (NYSE Euronext - Euronext, Paris) - XMAT (Euronext – MATIF, Paris) - XMON (Euronext – MONEP, Paris) - EMTS (EuroMTS, London) Regular updates are available via the ANNA homepage www.anna-web.com

23. Standards in preparation • FISN Financial Instrument Short Name (ISO 18774)has been developed to provide a consistent and uniformapproach to standardize short names for financial instruments. The FISN incorporates the issuer short name and the abbreviated characteristics for the financial instrument. It has a maximum length of 35 alphanumeric characters. The FISN is composed of: - an issuer name with a maximum length of 15 alphanumeric characters. To ensure uniformity, the same issuer short name should be used for different financial instruments of the same issuer. - a “/” as the delimiter between issuer name and instrument description an instrument description with a maximum length of 19 alphanumeric characters, assuming that the available length of the issuer name has been fully used. In the event that all the 15 characters have not been used in the issuer short name, the remaining space may be used to describe the characteristics of the financial instrument. - The FISN shall be assigned upon issuance of the related financialinstrument together with ISIN (ISO 6166) and CFI (ISO 10962).

24. Standards in preparation • IBEI International Business Entity Identifier(ISO 16372)ISO has developed the IBEIfor unambiguous entities identification, in particular with respect tocross-border business activities. The IBEI is a standardized code, which is allocated to legal entities (branches will not get an IBEI). The IBEI consists of 10 characters decomposed as follows: - a prefix which is the alpha-2-country-code specified in ISO 3166, - the basic identifier, made of 7 alphanumeric characters (digits and uppercaseletters to the exclusion of vowels *), and - a check digit, computed using the modulus 10 “Double-Add-Double” formula The IBEI structure allows identifying up to 21 870 000 000 business entities per country. ExampleDEXBC823N0 Where: DE Country code for Germany XBC823N Basic identifier 0 Check digit computed using modulus 10 “Double-Add Double” * Vowels are defined as A, E, I, O, U and Y inclusive

25. Questions or comments? Further information on www.anna-web.com

26. Appendixes

27. Appendix A ANNA Mission Statement ANNA (the “Association of National Numbering Agencies”) is fully committed to proactively promoting, implementing, maintaining and making available, standards for securities and related financial instruments, in a uniform and accurate structure for the benefit of their home markets and of the securities industry as a whole.

28. Appendix B ANNA Abbreviations ISIN – International Securities Identification Number ANNA – Association of National Numbering Agencies CFI – Classification of Financial Instruments ASB AB – ANNA Service Bureau (ASB) Advisory Board (AB) NNA – National Numbering Agency FISN – Financial Instrument Short Name ISO – International Organization for Standardization