TAKE NOTICE THAT pursuant to section 4 (2) of the Securities Act No. 41 of 2016 as amended by Act No.21 of 2022 (hereinafter referred to as the “Securities Act”) the Securities and Exchange Commission (hereinafter referred to as the “Commission”) hereby exempts any natural or legal person operating in the Capital Markets without a licence from the operation of the Securities Act which make it an offence for such persons to operate in the Capital Markets without a Commission issued licence.