Dear client

This email serves to inform you that as from 1 March 2007 the anglorand.co.za web-site will automatically be switched over to supply delayed pricing due to new pricing method's applied by the JSE Limited. This means that we will not longer be able to supply live prices for free, however delayed pricing will continue to be free.

Should you wish to retain access to live pricing and internet trading as from 1 March 2007 or any time thereafter decide that you would prefer receiving live pricing, then you will need to complete the form that will be available on our home page www.anglorand.co.za and select the option applicable to your status (professional or non-professional user).

Non-professional user royalty fees (per terminal)
Level 2 with indices = R65 (depth of 5 only) (excl VAT)

Professional Live user royalty fees (per terminal)
Level 2 with indicies = R235 (includes full depth) (excl VAT)

Your account will be debited with the fee as per the forms completed and submitted by you through the web-site automatically every month. Those clients who do decide to opt for live pricing as either a professional or non-professional user where the client generates more that R500-00 (five hundred rand) brokerage for a specific month - Anglorand will not charge the live pricing fee for that specific month.

I trust you will find this in order, however should you have any queries regarding this issue please do not hesitate to contact me or Jonathan Brown ( jonathanb@anglorand.com ) directly.

Kind regards,
Yulindi Taljaard
Compliance Officer
Anglorand Securities Limited

Tel: 011-484-7440
Fax: 011-484-6647
email: yulindi@anglorand.com