Directive No. 02-DMA-2019, dated October 24

DIRECTIVE NO. 02/DMA/2019 Page 1 of 1 GOVERNOR DIRECTIVE NO. 02/DMA/2019 SOURCE: Markets and Assets Department (DMA)

DATE 24/10/2019 SUBJECT: BNA Base Interest Rate – BNA Rate, Interest Rates for Permanent Facilities for Lending and Liquidity Absorption Whereas it is necessary to adjust the interest rates for the Permanent Facilities for Lending and Liquidity Absorption, regulated under Notice No. 11/2011 of October 20; In accordance with the decisions of the extraordinary session of the Monetary Policy Committee, held on October 23, 2019; This Directive hereby establishes the following:

1. The BNA Base Interest Rate – BNA Rate – remains at 15.50% per annum;

2. The Interest Rate for the Permanent Liquidity Absorption Facility with a maturity of 7 (Seven) days (FAL7) is 10.00% per annum;

3. The Interest Rate for the Overnight Permanent Liquidity Absorption Facility (FAO) remains at 0.00% per annum;

4. The interest rates are subject to periodic review by the National Bank of Angola;

5. Doubts and omissions arising from the interpretation and application of this Directive shall be clarified by the Markets and Assets Department.

6. Directive No. 08/DMA/2017, dated December 1, is hereby revoked.

7. This Directive enters into force immediately. Luanda, October 25, 2019. MARKETS AND ASSETS DEPARTMENT

Tânia Patrícia de Oliveira Mendes Lopes -Director-