Instruction No. 11/2022 of September 20

INSTRUCTION NO. 11/2022 of September 20 SUBJECT: EXCHANGE POLICY

• Standardized Reporting of Transactions with the Outside World

Given the need to regulate the rules and procedures for statistical information reporting by Banking Financial Institutions, aiming to ensure the quality of the monitoring and processing system for exchange operations, as well as guarantee the correct definition and execution of exchange policy by the Banco Nacional de Angola. In accordance with Article 3 of Law No. 5/97, dated June 27, the Exchange Law, combined with paragraph f) of Article 31 and paragraph 1 of Article 98 of Law No. 24/21, dated October 18, the Banco Nacional de Angola Law. I HEREBY DETERMINE:

1. Subject Matter This Instruction establishes the rules and procedures that Banking Financial Institutions must observe when reporting statistical information to the Banco Nacional de Angola.
2. Scope This Instruction applies to Banking Financial Institutions under the supervision of the Banco Nacional de Angola, hereinafter referred to as "Commercial Banks", provided for in Law No. 14/21, dated May 19, the General Regime of Financial Institutions Law.

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 2 de 75 3. Requirements 3.1. Commercial Banks must subscribe to the SWIFT FIN inform transaction reporting system, aiming to ensure that international operations (payments and receipts) executed by them are directly communicated to the Banco Nacional de Angola, through copies of MT103 - Customer Payments and Cheques, MT202 - Financial Institution Transfers, and MT700 - Documentary Credits and Guarantees messages. 3.2. For the purposes of the preceding paragraph, Commercial Banks must comply with SWIFT completion rules, observing the following: 3.3. Without prejudice to the preceding paragraph, Commercial Banks must complete the fields in the "SWIFT Message Types" table, taking into account the Exchange Operations Classification Table, attached to this Instruction, observing the following: Data Structure | Type of Data | Description | Business Rules Purpose Code | Up to 3 alphanumeric characters | Code to define the purpose of the operation | According to the Exchange Operations Classification Table Tax ID (NIF) | Text with a maximum of 20 characters | Tax ID of the Applicant/Beneficiary | In the case of a resident under exchange rules, the Tax ID must correspond to the format issued by the AGT, for individuals or legal entities Orderer/Beneficiary | Text with a maximum of 250 characters | Full name of the Applicant/Beneficiary of the operation | -

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 3 de 75 4. Costs Subscription to the FINinform service does not entail any additional cost for Banking Financial Institutions. 5. Penalties Non-compliance with the provisions established in this Instruction constitutes a regulatory offense punishable under Law No. 14/21, dated May 19, the General Regime of Financial Institutions Law, and Law No. 5/97, dated June 27, the Exchange Law. 6. Repeal Instruction No. 20/15, dated December 9, is hereby repealed, as well as all provisions contrary to those set forth in this Instruction. 7. Doubts and Omissions Doubts and omissions resulting from the interpretation and application of this Instruction are resolved by the Banco Nacional de Angola. 8. Entry into Force This Instruction enters into force 30 (thirty) days after its publication. PUBLISHED Luanda, September 20, 2022 THE GOVERNOR JOSÉ DE LIMA MASSANO MESSAGE FIELD 77B 26T MT 103 Tax ID of Orderer or Beneficiary Purpose Code MT 700 50 45A /Name of Orderer/Tax ID of Orderer/ /Purpose Code/Free Text

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 4 de 75 ANNEX I EXCHANGE OPERATIONS CLASSIFICATION TABLE

1. Introduction Considering that under Law No. 24/21, dated October 18, the Banco Nacional de Angola Law (BNA), it is the BNA's responsibility to guarantee and ensure a system for information, compilation, and processing of monetary, financial, and exchange statistics, as well as the preparation of the country's external balance of payments. Considering further the need to improve the quality of information provided regarding exchange operation statistics produced in the country, as a basic tool in the decision-making process, the Banco Nacional de Angola developed the Exchange Operations Classification Table, which aims to support its users, especially authorized Banking Financial Institutions operating in the exchange market, their clients, and the general public, to correctly classify the exchange operations they conduct. The Banco Nacional de Angola and Banking Financial Institutions operating in the exchange market must routinely refer to the Exchange Operations Classification Table for framing and recording exchange operations. This document also seeks to standardize the classification of operations for registration purposes and serve as an aid in compiling Balance of Payments statistics. In addition to this introduction, the document comprises the Classification Table, Description of Classification Categories, and a Glossary. The Classification Table presents the list of seven main categories of exchange operations, namely: Goods, Services, Primary Income, Secondary Income (Current Transfers), Capital and Financial Account, and Complementary Operations, including the list of accounts comprising each category. The Description of Classification Categories contains definitions for classification categories and their respective accounts. Finally, a Glossary is presented, containing an alphabetical list of terms related to this domain, along with their respective definitions.

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 5 de 75 2. Classification Table A. General Goods A01. Raw Materials and Inputs A01.01 Platinum A01.02 Crude Oil A01.03 Refined Petroleum Products A01.04 Diamonds A01.05 Steel A01.06 Coal A01.07 Iron Ore A01.08 Copper (processed and unprocessed copper, including copper wire, electrical cables, etc.) A01.09 Metals (including cobalt, nickel, manganese ore/concentrate, zinc, zinc concentrate, etc.) A01.10 Processed Mineral Products (including cement, lime, etc.) A01.11 Electricity A01.12 Water A01.13 Unprocessed Animal-Origin Products (including hides, raw leather, tanned leather, etc.) A01.99 Raw Materials and Inputs – others A02. Foodstuffs A02.01 Processed Agricultural Crops and Products (including sugar, peanut butter, corn flour, cotton yarn, etc.) A02.02 Unprocessed Agricultural Crops and Products (including vegetables, fruits, soybeans, corn, wheat, wheat-rye mixture, raw cotton, etc.) A02.03 Livestock (including cattle, sheep, goats, horses, ostriches, small animals, chickens, pigs, etc.) A02.04 Processed and unprocessed meat and fish (including sausages, frankfurters, pork pieces, shellfish, lobster, crab, etc.) A02.05 Beverages (including fruit juices, alcoholic and non-alcoholic beverages, beer, wine, spirits, soft drinks, etc.)

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 6 de 75 A02.99 Foodstuffs – Others A03. Capital Goods A03.01 Capital goods (including industrial boilers, equipment, etc.) A04. Medicines or Related Products A04.01 Medicines A04.02 Chemical products (including sulfuric acid, soap, powdered detergent, uranium oxide, etc.) A04.99 Medicines or related products – others A05. Parts and Accessories A05.01 Goods exported via the country's Post Office A05.02 Scrap metal A05.99 Parts and Accessories – others A06. Others A06.01 Triangular Trade Goods - Triangular trade purchase A06.02 Triangular Trade Goods - Triangular trade sale A06.03 Navigation Supplies - In ports A06.04 Navigation Supplies - In airports A06.05 Navigation Supplies - Elsewhere A06.06 Non-Monetary Gold A06.99 Others B. TRAVELS B01. Business Travels B01.01 Public Sector B01.02 Private Sector B01.99 Others B02. Personal Travels B02.01 Health Travels B03. Personal Travels B03.01 Travels for Educational or Scientific Purposes

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 7 de 75 B04. Personal Travels - Travel and Tourism B04.01 Accommodation B04.02 Local Transport B04.03 Other Services B04.04 Tourist packages with international travel included B04.05 Cruises B04.99 Others B05. Personal Travels - International Payment Cards B05.01 Credit Card B05.02 Debit Card B05.03 Prepaid Card B05.99 Others C. SERVICES C01. Government C01.01 Embassies and Consulates C01.02 Maintenance of Angolan Embassies, Consulates and Representations Abroad C01.03 Remittances from Angolan Embassies, Consulates and Representations Abroad C01.04 Maintenance of Foreign Embassies, Consulates and Representations of International Institutions in Angola C01.05 Remittances from Foreign Embassies, Consulates and Representations of International Institutions in Angola C01.06 Military Expenses C01.99 Government – others C02. Transport C02.01 Maritime, Riverine and Lacustrine Transport - Passenger C02.02 Maritime, Riverine and Lacustrine Transport - Freight C02.03 Maritime, Riverine and Lacustrine Transport - Charter with crew C02.04 Maritime, Riverine and Lacustrine Transport - Support and auxiliary services C02.05 Air Transport - Passenger C02.06 Air Transport - Freight C02.07 Air Transport - Charter with crew C02.08 Air Transport - Support and auxiliary services C02.09 Rail Transport - Passenger C02.10 Rail Transport - Freight C02.11 Rail Transport - Charter with crew C02.12 Rail Transport - Support and auxiliary services C02.13 Road Transport - Passenger C02.14 Road Transport - Freight C02.15 Road Transport - Charter with crew C02.16 Road Transport - Support and auxiliary services C02.99 Transport – others

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 8 de 75 C03. Telecommunications C03.01 Telecommunication Services C03.02 Postal and Courier Services C03.03 Information Technology Services C03.04 Information Services - News agency services C03.05 Information Services - Database and other information services C03.99 Information or news services – others C04. Construction C04.01 Construction Abroad C04.02 Construction in Angola C04.99 Construction – Others C05. Insurance C05.01 Cargo Insurance - Premiums C05.02 Cargo Insurance - Claims/Compensation C05.03 Direct Insurance C05.04 Reinsurance - Premiums C05.05 Reinsurance - Claims/Compensation C05.06 Auxiliary Insurance Services C06. Financial Services C06.01 Banking and other financial intermediation services - Banking intermediation services C06.02 Banking and other financial intermediation services - Financial "leasing" services C06.03 Banking and other financial intermediation services - Other financial intermediation services C06.04 Auxiliary financial intermediation services - Financial market administration C06.05 Auxiliary financial intermediation services - Brokerage and related services C06.06 Auxiliary financial intermediation services - Others C06.99 Financial Services - others C07. Commercial Services C07.01 Research and development services C07.02 Professional and business management consulting services - Legal services C07.03 Professional and business management consulting services - Accounting and audit services C07.04 Professional and business management consulting services - Management consulting services C07.05 Professional and business management consulting services - Advertising services C07.06 Professional and business management consulting services - Market research and opinion polling services C07.07 Professional and business management consulting services - Public relations services

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 9 de 75 C07.99 Professional and business management consulting services – others C08. Technical and Other Business Services C08.01 Commercial Intermediation C08.02 Operating Leasing Services C08.03 Ship Rental C08.04 Aircraft Rental C08.05 Rail Equipment Rental C08.06 Other Transport Equipment Rental C08.07 Other Rental Services C08.08 Agricultural Services C08.09 Mining Services C08.10 Industrial Services C08.11 Environmental/Ecological Processing Services C08.12 Architecture and Urban Planning Services C08.13 Engineering Services C08.14 Technical Consulting Services C08.15 Technical Assistance, C08.16 Prospecting or Specialized Studies Services C08.99 Technical Services – others C09. Personal, Cultural, Sports and Recreational Services C09.01 Audiovisual and Related Services C09.99 Personal, Cultural, Sports and Recreational Services – others C10. Intellectual Property C10.01 Intellectual Property Rights C10.02 Distribution Rights of Intellectual Property - Distribution rights resulting from franchising, marketing and research and development C10.03 Distribution Rights of Intellectual Property - Reproduction and/or distribution rights for software C10.04 Distribution Rights of Intellectual Property - Reproduction and/or distribution rights for audiovisual works

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 10 of 75 C10.05 Distribution Rights of Intellectual Property - Temporary rights for the use of natural resources C10.99 Distribution Rights of Intellectual Property - Other intellectual property usage rights C11. Services for Physical Input Manufacturing Held by Third Parties C11.01 Processing fees on materials (except gold, platinum, crude oil, refined petroleum products, precious stones, steel, coal, copper and iron ore) C11.02 Processing fees on gold C11.03 Processing fees on platinum C11.04 Processing fees on crude oil C11.05 Processing fees on refined petroleum products C11.06 Processing fees on precious stones C11.07 Processing fees on steel C11.08 Processing fees on coal C11.09 Processing fees on iron ore C11.10 Processing fees on copper (processed and unprocessed copper, including copper wires, electrical cables, etc.) C11.11 Processing fees on metals (including cobalt, nickel, manganese ore/concentrate, zinc, zinc concentrate, etc.) C11.12 Processing fees - Processed agricultural crops and products (including sugar, peanut butter, corn flour, cotton yarns, etc.) C11.13 Processing fees - Unprocessed agricultural crops and products (including vegetables, fruits, soybeans, corn, wheat, wheat-rye mixture, raw cotton, etc.) C11.14 Processing fees - Chemical products (including sulfuric acid, soap, powdered detergent, uranium oxide, etc.) C11.15 Processing fees - Processed mineral products (including cement, lime, etc.) C11.16 Processing fees - Unprocessed animal-origin products (including hides, raw leather, tanned leather, etc.)

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 11 of 75 purchased by non-residents where there will be no physical export, except commercial transactions C11.17 Processing fees on scrap metal C11.18 Processing fees on agro-pastoral production animals (including cattle, sheep, goats, horses, ostriches, small animals, chickens, pigs, etc.) C11.19 Processing fees on processed and unprocessed meat and fish (including sausages, frankfurters, scallops, pork pieces, shellfish, lobster, crab, etc.) C11.20 Processing fees on beverages, both alcoholic and non-alcoholic (including beer, wine, spirits, soft drinks, juices, etc.) C11.99 Processing fees – Others C12. Maintenance and repair services n.i.e. C12.01 Maintenance and repair services n.i.e. C99. Others C99.01 Other business services C99.02 Purchase and Sale and Other Services C99.03 Operating Lease D. CURRENT TRANSFERS D01. Current Transfers D01.01 Maintenance of individuals (family support) D01.02 Remittances from emigrants D01.03 Remittances from immigrants D01.04 Health D01.05 Education D01.06 Contributions to professional associations D01.07 Other current transfers D01.08 Current tax on income and wealth D01.09 Social contribution D01.10 Social benefits

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 12 of 75 D01.11 Non-life insurance premium D01.12 Non-life insurance claims/compensation D01.13 Current international cooperation D01.14 Scholarships D01.99 Other current transfers E. INCOME (RETURNS) E01. Employee Compensation E01.01 Wages and other remuneration paid by residents to non-residents E01.02 Wages and other remuneration paid by non-residents to residents E01.99 Employee Compensation – Others E02. Direct Investment E02.01 Direct Investment Income - Profits and dividends - Capital participation income and fund participations E02.02 Direct Investment Income - Profits and dividends E02.03 Direct Investment Income - Profits and dividends - Direct investor in direct investment companies E02.04 Direct Investment Income - Profits and dividends - Direct investment companies in the direct investor E02.05 Direct Investment Income - Profits and dividends - Between parent or related companies E02.06 Direct Investment Income - Reinvested profits E02.07 Direct Investment Income - Interest E02.08 Direct Investment Income - Interest - Direct investor in direct investment companies E02.09 Direct Investment Income - Interest - Direct investment companies in the direct investor (reverse investment) E02.10 Direct Investment Income - Interest - Between parent or related companies

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 13 of 75 E03. Portfolio Investment E03.01 Income from capital participation and fund participations E03.02 Dividends on equity excluding fund participations E03.03 Investment income attributable to mutual fund shareholders E03.04 Reinvested profits E03.05 Dividends E03.06 Interest E04. Real Estate Investment E04.01 Real estate investment E04.02 Real Estate Investment Income E05. Government E05.01 Current tax on income and wealth E05.02 Social contribution E05.03 Social benefits E05.04 Current international cooperation E05.05 Scholarships E05.06 Other current government transfers E06. Other income E06.01 Taxes on production and output E06.02 Subsidies on products and production E06.03 Rent E06.04 Other investment E06.05 Deposit Interest E06.06 Deposit Interest - Interest on deposits and applications with term <= 1 year E06.07 Deposit Interest - Interest on deposits and applications with term > 1 year E06.08 Central Administration Loan Interest

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 14 of 75 E06.09 Other Sector Loan Interest E06.98 Profits and dividends E06.99 Other financial application income F. CAPITAL ACCOUNT F01. Capital Account F01.01 Acquisition or Disposal of Non-Produced Non-Financial Assets F02. Capital Transfers F02.01 Government - Debt Forgiveness F02.02 Government - Investment Grant F02.03 Government - Other capital transfers F02.04 Other Sectors - Debt Forgiveness F02.05 Other Sectors - Investment Grant F02.06 Other Sectors - Inheritances F02.07 Other Sectors - Donations F02.08 Other Sectors - Other capital transfers F02.09 Acquisition of Real Estate/Real Estate Assets F02.10 Life Insurance Provision F02.11 Blocked Funds F02.12 Personal Capital Transfers F02.99 Capital Transfers – others F03. Financial Account – Loans F03.01 Disbursement of Loans Granted/Received F03.02 Repayment of Loans Granted/Received F04. Financial Account – Guarantees F04.01 Execution of bank guarantee F05. Financial Account – Capital Repatriation F05.01 Capital Repatriation

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 15 of 75 G. FINANCIAL ACCOUNT G01. Direct Investment G01.01 Capital participation and fund participation G01.02 Company Formation Capital (Includes Partial Realization) G01.03 Capital Increase G01.04 Merger and acquisition G01.05 Acquisition or disposal of Shares and Participations between Resident and Non-Resident Investors G01.06 Acquisition abroad of Shares and Participations by Resident Investors (> 10%) G01.07 Acquisition in Angola of Shares and Participations by Non-Resident Investors (> 10%) G01.08 Disposal abroad of Shares and Participations by Resident Investors (>10%) G01.09 Disposal in Angola of Shares and Participations by Non-Resident Investors (>10%) G01.10 Liquidation or Dissolution of Companies G01.11 Reinvestment of Profits (Includes Reserves Retained in the Company) G01.12 Debt instruments - Loans G01.13 Debt instruments - Loans granted to the direct investor by the direct investment company G01.14 Debt instruments - Loans obtained by the direct investment company from the direct investor G01.99 Others G02. Portfolio Investment G02.01 Capital participation and fund participation G02.02 Company Formation Capital (Includes Partial Realization) G02.03 Capital Increase G02.04 Acquisition or disposal of Shares and Participations between Resident and Non-Resident Investors

CONTINUAÇÃO DO INSTRUTIVO N.º 11/2022 Página 16 of 75 G02.05 Acquisition abroad of Shares and Participations by Resident Investors (< 10%) G02.06 Acquisition in Angola of Shares and Participations by Non-Resident Investors (< 10%) G02.07 Disposal abroad of Shares and Participations by Resident Investors (<10%) G02.08 Disposal in Angola of Shares and Participations by Non-Resident Investors (<10%) G02.09 Liquidation or Dissolution of Companies G02.10 Reinvestment of Profits (Includes Reserves Retained in the Company) G02.11 Debt securities - Loans G02.12 Debt securities - Loans granted to the portfolio investor by the portfolio investment company G02.13 Debt securities - Loans obtained by the portfolio investment company from the portfolio investor G02.99 Others G03. Other Investments G03.01 Currency and Deposits