EXORDIA (PTY) LTD

Esc does not levy any costs on participants but levies a per certificate cost on the silo operator. The issue costs are levied by the individual silo operators. There are no system user or registration costs, nor any transaction fees. The ESC register is administered by the Exordia Division of PricewaterhouseCoopers, independently of any industry player and confidentiality is assured. Only registered certificate owners have access to their own certificates. ESC is NOT an electronic spot trading platform. It is simply a secure and convenient electronic environment within which to manage silo certificates and the change of certificate ownership and other key events in the lifecycle of a silo certificate.