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FINANCE LINKED INDIVIDUAL SUBSIDY PROGRAMME (FLISP) Add business unit name on slide master | FINANCE LINKED INDIVIDUAL SUBSIDY PROGRAMME (FLISP) Add business unit name on slide master | Sunday, 18 March 2018 | Business Confidential | Slide No. 1 First National Bank – a division of First. Rand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP 20).

OVERVIEW OF FLISP • • Provides a once off down payment (Deposit) Must have OVERVIEW OF FLISP • • Provides a once off down payment (Deposit) Must have had a loan approval from a bank May only be used to reduce principal loan amount Available to qualifying beneficiaries Currently applicable to housing developments with units not exceeding R 300 K Administered by National Housing Finance Corporation on behalf of Provincial MEC’s of Human Settlements May be used only for residential property NHFC will • • • Standadise, streamline and centralise processes Enter into legal agreements with Provinces. Act as one stop shop for provinces and banks : implementation of programme Conclude agreements with the banks Management and disbursement of FLISP funds Add business unit name on slide master | Sunday, 18 March 2018 | Business Confidential | Slide No. 2

WHO QUALIFIES FOR FLISP • • SA Citizens or in possession of Permanent Resident WHO QUALIFIES FOR FLISP • • SA Citizens or in possession of Permanent Resident Permit Must be legally competent to contract Have not received the benefit of the housing subsidy before Has not owned a house before Married or co-habiting If single, must have financial dependants Subsidy ranges from R 10 050 (R 15 K Income) to R 87 000 (R 3501) Add business unit name on slide master | Sunday, 18 March 2018 | Business Confidential | Slide No. 3

FUNDING ARRANGEMENT • Minister of Human Settlement annually allocate to each province funding for FUNDING ARRANGEMENT • Minister of Human Settlement annually allocate to each province funding for FLISP • NHFC to provide MEC with business plan • • • To cover current medium term expenditure framework Preliminary estimates for implementation of FLISP: Yearly in August Final figures by January each year • NHFC to report to relevant MEC’s at agreed intervals: • • • Status of payments Financial aspect linked to subsidy Consolidated statements to PHD’s • Provincial Dept will pay funds into an operating account @ NHFC • MEC to approve subsidy applications, NHFC will then: • • • Issue formal guarantees to lender On registration, subsidy to be transferred to bank NHBRC certificate to be provided on registration Add business unit name on slide master | Sunday, 18 March 2018 | Business Confidential | Slide No. 4

SALE OF PROPERTY BY BENEFICIARY • In the events of a sale of the SALE OF PROPERTY BY BENEFICIARY • In the events of a sale of the unit prior to the prescribed period the FLISP must be refunded as follows: • • • Year 1: 12. 5% reduction Year 2: 25% Year 3: 37. 5% Year 4: 50% Year 5: 62. 5% Year 6: 62. 5% Year 7: 75% Year 8: 87. 5% Year 9: 100% Add business unit name on slide master | Sunday, 18 March 2018 | Business Confidential | Slide No. 5