Investor protection in a securities market is achieved through fairness, honesty and security. These concepts are used internationally and embrace a wide spectrum of measures aimed at giving meaningful protection to the investors by safeguarding their interests.

There is extensive financial protection in place for losses incurred by investors and member firms as a consequence of fraud, theft or default. Whilst the JSE Guarantee Fund serves to protect investors, the fidelity insurance policy serves as a front-line protection for member firms particularly in so far as employee fidelity is concerned. The Stock Exchanges Control Act now stipulates that all client funds must be totally separated from a member's funds in a trust account.

FURTHER INFORMATION CAN BE OBTAINED FROM

Internet : http://www.jse.co.za

Johannesburg Stock Exchange * Public Relations Department
17 Diagonal Street * Johannesburg 2001 * Telephone 27 11 377 2200
P O Box 1174 * Johannesburg 2000 * Telefax 27 11 834 7402