Applied Derivatives Unclaimed

Applied Derivatives together with each of its subsidiaries and affiliates (collectively, "Applied Derivatives" or the "Firm" as used in this Code of Business Conduct and Ethics), are committed to the highest standards of business conduct and ethics Applied Derivatives is regulated by its governing exchange and is regularly audited, including thorough checks on our adherence to the anti money laundering financial intelligence control act Applied Derivatives is legally obligated to immediately disclose all waivers and modifications to this Code of Ethics relating to employees The Applied Derivatives Board of Directors shall designate an Ethics Compliance Officer who shall be responsible for investigating all reports of Code of Ethics violations This Code of Business Conduct and Ethics, as written and amended from time to time, establishes standards that Applied Derivatives deems necessary to deter wrongdoing and to promote compliance with applicable law, rules and regulations and honest and ethical conduct

The personnel at Applied Derivatives have gained their experience through active involvement in the derivative markets of South Africa since 1995. They have significant experience and ability in a range of financial instruments. These skills, together with the understanding and anticipation of customers needs, allow the employees to provide clients with the highest degree of service and fulfilment. Clients have come to rely on the breadth of our expertise and our commitment to client service