— Overview Mission and Objectives AMEDA-Meeting Dubai U

- Overview, Mission and Objectives AMEDA-Meeting Dubai, U. A. E. November 4 & 5, 2006 Uwe Meyer – ANNA Secretariat ANNA numbers the world Uwe Meyer – 02/11/06

topics ANNA’s Mission Statement History of ANNA Membership – overview & criteria for numbering agencies Documents governing ANNA members ANNA Working Groups and Task Forces Evolution of the ANNA Service Bureau – Service Offering ANNA in the 21 st Century ANNA’s Objectives ANNA numbers the world Uwe Meyer – 02/11/06

anna abbreviations Ø ISIN – International Securities Identification Number Ø CFI – Classification of Financial Instruments Ø ASB – ANNA Service Bureau Ø NNA – National Numbering Agency Ø SNA – Substitute Numbering Agency Ø ISO – International Standards Organisation ANNA numbers the world Uwe Meyer – 02/11/06

anna’s mission ANNA (the "Association of National Numbering Agencies"), is fully committed to proactively promoting, implementing, maintaining and making available, standards for securities and related financial instruments, in a uniform and accurate structure for the benefit of the securities industry as a whole. Registration and maintenance of international standards is organized according to rules and regulations set by ISO (International Organization for Standardization). ANNA numbers the world Uwe Meyer – 02/11/06

history of anna Ø Founded in 1992 under Belgian law Ø Association is governed by the “Articles of Incorporation” Ø To promote the use of ISINs as the standard method of uniquely identifying financial instruments Ø 22 members who worked on the concept of standardising ISIN assignment methodology Ø ANNA was then appointed as Registration Authority and Maintenance Agency for ISO 6166 (ISIN) Ø 1995 – ANNA appointed Maintenance Agency for ISO 10962 (CFI – Classification of Financial Instruments) ANNA numbers the world Uwe Meyer – 02/11/06

membership categories Ø ANNA members: - Hold one share in ANNA with the right to vote at GMs - Are subject to annual fees as agreed by the General Meeting - Potential members get assistance by ANNA in implementing ISIN in their countries - Have to supply their ISINs via the ANNA Service Bureau Ø ANNA Partners: - Are not shareholders of ANNA (no voting right at GMs) - Do not have to pay annual fees - Partners get assistance by ANNA in implementing ISIN and in support during daily ISIN business - Have to supply ISINs to their Substitute Numbering Agency ANNA numbers the world Uwe Meyer – 02/11/06

anna membership 1992: 22 Founding members + 1 Bulgaria 1993: + 2 Mexico, Portugal 1994: + 10 Argentina, Brazil, Greece, Indonesia, Panama Peru, Singapore, Slovakia, South Korea, Thailand 1995: + 6 Costa-Rica, Estonia, India, Poland, Turkey, Venezuela 1996: + 4 Ireland, Sri Lanka, Hungary, Pakistan 1997: + 6 Cyprus, Iran, Latvia, Malaysia, Romania, Taiwan ANNA numbers the world Uwe Meyer – 02/11/06

1998: + 3 Croatia, Egypt, Tunisia 1999: + 6 Israel, Philippines, Russia, Slovenia, Ukraine, Yugoslavia 2000: + 1 Kuwait 2001: 2002: + 1 Chile + 2 Iceland, Morocco 2003: + 1 Lebanon 2004: + 1 Jordan 2005: + 1 China 67 ANNA members as of Dec. 31, 2005 ANNA numbers the world Uwe Meyer – 02/11/06

Algeria Bangladesh Botswana Cameroon Cape Verde El Salvador Ghana Honduras Kenya Lithuania * * * anna partners Macedonia * * * Mauritius Nicaragua Swaziland Tanzania UEMOA Uganda Zambia Zimbabwe * * * * Hand-over process for ISIN numbering has been finalized ANNA numbers the world Uwe Meyer – 02/11/06

Ø membership criteria Appointment of a single National Numbering Agency (NNA) by all Supervising Authorities for the Financial Market Ø Coordination of hand-over process between NNA and SNA according to determined criteria (national and international markets) : - Regulatory frame e. g. National Numbering System; allocation of ISINs for all types of Financial Instruments - Functional / operational and support requirements e. g. information provision on new issues and corporate actions; documentation - IT-technical infrastructure - Content provision: agreement on information profile - Standardisation: implementation of existing and future international standards e. g. MIC; establishment of National Working Groups Ø NNA could then apply for ANNA membership ANNA numbers the world Uwe Meyer – 02/11/06

documents governing annas members (rights & obligations) ISO Standard 6166 (ISIN) and ISO 10962 (CFI) and Guidelines to both standards ANNA´s Articles of Incorporation Letter of Understanding (Lo. U) ISIN Quality Management Concept ANNA numbers the world Uwe Meyer – 02/11/06

annas articles of incorporation Ø Ø Ø ANNAs objects and purposes e. g. - Maintenance and promotion of ISO 6166 - Dissemination of ISINs to members and the industry Capital and shares Membership e. g. - only National Numbering Agencies are eligible for membership - only one member per country Administration (e. g. Board of Directors, Committees etc. ) Supervision General Meetings ANNA numbers the world Uwe Meyer – 02/11/06

letter of understanding Ø Ø Ø Complements and specifies certain provisions of the Articles Regulates relation between ANNA and its members Adherence to ISO 6166 and guidelines - Codification of all financial instruments - If NNA could not codify a financial instrument, this should be executed by SNA Dissemination of data - ANNA may disseminate data of NNAs to members, vendors, endusers and other entities with whom necessary agreements have been concluded Membership - includes regulations in case of breaches of Lo. U ANNA numbers the world Uwe Meyer – 02/11/06

isin Quality management Ø Ø Ø Quality Criteria: - Timeliness (prior to first trading session; upon request within 24 hours) - Completeness (at least all mandatory fields of ISIN record) - Coverage (all existing instruments, notwithstanding listed or not; ISINs for traded securities should be allocated automatically) NNA Operations: - Daily ISIN file transmission to ASB regardless content or not Customer support: - First level support: Responsible NNA - Second level support: ASB ANNA numbers the world Uwe Meyer – 02/11/06

characteristics of Working groups / task forces Ø Working Groups: Permanent Oriented on strategical matters (e. g. new members) Ø Task Forces: Temporary Should present results to the General Meeting in a limited period ANNA numbers the world Uwe Meyer – 02/11/06

Working groups (Wg´s) Wg 1 Ø Ø Ø Title of the WG: Assisting Markets Convener: U. Meyer, Wertpapier-Mitteilungen, Germany Members: Substitute Numbering Agencies (SNA´s) Scope: Support of numbering agencies who are yet not ANNA members or Partners in implementing an ISIN numbering system in their countries Results: Since its founding in 1992, 45 new numbering agencies have multiplied number of ANNA members by 3. Nearly all of of them (97%) have started ISIN allocation or are in the process of implementing the ISIN shortly. ANNA numbers the world Uwe Meyer – 02/11/06

Working groups (Wg´s) Wg 2 Ø Ø Title of the WG: ISIN Quality and Guidelines Convener: D. Ooghe, Euroclear Scope: - Maintenance and development of ISIN guidelines - Development and maintenance of CFI guidelines. - Solutions for individual ISIN allocation topics Results: - WG has prepared updates on ISIN Guidelines. Version 9 has been prepared and will be voted at the upcoming EGM. In addition the WG has prepared CFI guidelines which are at present not subject for revision. ANNA numbers the world Uwe Meyer – 02/11/06

Working groups (Wg´s) Wg 4 Ø Title of the WG: Emerging ANNA members Ø Convener: F. Kaya, Takasbank, Turkey Ø Scope: - Support of members who are representing emerging markets - Exchange ideas and discuss specific topics related to these markets and make proposals to GM Ø Results: - Working Group will be reestablished and will reconvene during the next months. ANNA numbers the world Uwe Meyer – 02/11/06

evolution of the anna service bureau Ø Initiated in Nov 2000 – launched in July 2001 Ø Jointly operated by Telekurs Finanz and Standard & Poor’s on behalf of ANNA Ø Illustrated ANNA’s commitment to supporting the move towards Straight-Through-Processing Ø ASB acts as a central hub to receive and consolidate ISIN and CFI data from ANNA members and partners Ø ANNA – ASB relationship is governed by the “Service Level Licence Agreement” ANNA numbers the world Uwe Meyer – 02/11/06

evolution of the anna service bureau Ø Each NNA enters into an agreement with ANNA – A Letter of Understanding Ø outlines members responsibilities and tasks vis-à-vis the ANNA Service Bureau Ø As of 31 Oct, the ASB contained: Ø 4, 401, 204 ISINs of which 3, 002, 018 are active Ø 2, 775, 334 CFIs of which 1, 596, 778 are active ANNA numbers the world Uwe Meyer – 02/11/06

anna service bureau – service offering The ASB provides the following benefits and features: Ø Fully supported , robust ISIN products and services in multiple media (database and web query tools) and frequencies (including daily); Ø Efficient worldwide customer and data quality support; Ø Centralised administration; Ø Redundant database storage and disaster recovery; Ø Global, proactive technology and communication support ANNA numbers the world Uwe Meyer – 02/11/06

anna in the 21 st century Ø Membership has increased by over 300% in 14 years Ø 67 full member NNAs Ø full membership rights on all ANNA business Ø 19 partner agencies (smaller NNAs in the process of establishing ISIN codification system) Ø no financial responsibility to ANNA, therefore no shareholder Ø required to assign and provide ISINs and CFIs to ANNA indirectly via a full member Ø Global ISIN coverage in excess of 200 countries Ø 2 additional NNAs joining as full members at upcoming meeting ANNA numbers the world Uwe Meyer – 02/11/06

ANNA numbers the world Uwe Meyer – 02/11/06

anna’s objectives Global Promotion of ISO standards under ANNA’s authority as the appointed Registration Authority Ø Ø Ø Assistance to members and partners Promote NNA involvement/participation Assistance in developing new standards Address areas where no ISIN coverage exists Enforce ANNA members’ rights and obligations Assistance to implement ISIN/CFI locally ANNA numbers the world Uwe Meyer – 02/11/06

anna’s objectives Make information available Ø Ensure ISIN coverage by NNAs Ø Ensure accurate application of standards according to guidelines Ø Ensure CFI allocation together with ISIN Ø Make ISIN and CFI available to all markets and other NNAs Ø Timely and accurate population of the ANNA Service Bureau ANNA numbers the world Uwe Meyer – 02/11/06

anna’s objectives Quality Ø Ensure ISIN and CFI guidelines are followed by NNAs Ø Continual monitoring of ASB datafeeds and identify areas of improvement through statistical reporting Ø Ensure continued focus by each ANNA member/partner on: Accuracy Ø Timeliness Ø Coverage Ø Cross Referencing Ø ANNA numbers the world Uwe Meyer – 02/11/06

anna’s objectives Proactive Maintenance of standards through work with the global financial industry Ø Regular review of ISIN and CFI guidelines Ø Improve interaction/communication amongst NNAs and with external ISIN/CFI users directly Ø Ensure involvement in regulatory changes impacting ISIN and/or CFI: Introduction of ISIN in Germany, Austria and France Ø Mi. FID (EU) Ø Giovannini Barriers Ø SC 4 ISO 6166 review Ø ANNA numbers the world Uwe Meyer – 02/11/06

Further information available: www. anna-web. com ANNA numbers the world Uwe Meyer – 02/11/06