Due to an increasing number of small investors depositing numerous small amounts into Sanlam's banking account, and then withdrawing the funds a few days later, Sanlam will be applying the following rules to its Money Market Fund:

1. Any repurchases will only be finalised within 35 days after the funds have been invested.

2. A minimum initial charge of 1% will be payable on all further investments of this nature. This initial charge is necessary in order to cover our banking and administration costs in respect of these regular daily deposits.