Subject: Average Price on Contract Note -

Broker firm issue contract notes to client as a result of orders

received from client for securities listed on the Exchange and in respect of

which orders will be given effect to through the Exchange and which quote,

as the unit price, an average price because the particular order was given

effect to by multiple execution:

The contract note, in situations of multiple execution,

provides for a weighted average price which will be stated on the contract

note; the weighted average price disclosed on the contract note

will be rounded to 4 decimal places. The rounding will be effected by

rounding down numbers, after the fourth decimal place, between one and four

(inclusive) and rounding up numbers between five and nine (inclusive); and

any excess commission, over and above the minimum commission

required to be charged by a member of the Exchange, arising from the

rounding process will be retained by BROKER and will not be rebated to CLIENT.

It is understood that the rounding adjustment carried out

above may result in an increase or decrease, depending on the rounding, in

the actual cost of the securities purchased and CLIENT will either suffer such

increase or benefit from such decrease.