Instruction No. 01/2023 of January 9

INSTRUCTION NO. 01/2023 of January 9 SUBJECT: FINANCIAL SYSTEM

• Standardized Reporting of Transactions with the Abroad

Given the need to regulate rules and procedures for reporting statistical information on transactions with the Abroad by Banking Financial Institutions, aiming to ensure the quality of the foreign exchange operations monitoring and processing system, as well as guarantee the correct definition and execution of foreign exchange policy by the Banco Nacional de Angola.

In accordance with Article 3 of Law No. 5/97, of June 27, Foreign Exchange Law, combined with the letter f) of Article 31 and paragraph 1 of Article 98 of Law No. 24/21, of October 18, Law of the Banco Nacional de Angola.

I DETERMINE:

1. Object 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, as provided in Law No. 14/21, of May 19, General Regime Law for Financial Institutions.

CONTINUED INSTRUCTION NO. 01/2023 Page 2 of 74 3. Requirements 3.1. Banking Financial Institutions must subscribe to the SWIFT FIN inform transaction reporting system, ensuring that international operations (payments and receipts) executed by them are directly communicated to the Banco Nacional de Angola, via 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, Banking Financial Institutions must comply with SWIFT completion rules, observing the following: Purpose Code / Up to 6 alphanumeric characters / Code to define the purpose of the operation / According to the Foreign Exchange Operations Classification Table. NIF (Tax Identification Number) / Text with maximum 20 characters / Tax ID of the Applicant/Beneficiary / In case of foreign exchange resident, NIF must correspond to the format issued by AGT, for Individuals or Legal Entities. Orderer/Beneficiary / Text with maximum 250 characters / Full name of the Applicant/Beneficiary of the operation. 3.3. Without prejudice to the preceding paragraph, Banking Financial Institutions must complete the fields in the "SWIFT Message Types" table, considering the Foreign Exchange Operations Classification Table attached to this Instruction, observing the following:

CONTINUED INSTRUCTION NO. 01/2023 Page 3 of 74 MESSAGE FIELD / 77B / MT 103 / /ORDERRES or BENEFRES/ISO Country Code//Purpose Code/Tax ID of Orderer or Beneficiary/ / MT 700 / 50 45A / /Name of Orderer/Tax ID of Orderer/ / /Purpose Code/Free Text

4. Expenses Subscription to the FINInform service entails no additional cost for Banking Financial Institutions.
5. Sanctions Non-compliance with the provisions of this Instruction constitutes a regulatory offense punishable under Law No. 14/21, of May 19, General Regime Law for Financial Institutions, and Law No. 5/97, of June 27, Foreign Exchange Law.
6. Revocation Instruction No. 11/2022, of September 20, is revoked, as well as all provisions contrary to 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 180 days after its publication.

PUBLISHED. Luanda, January 9, 2023. THE GOVERNOR JOSÉ DE LIMA MASSANO

CONTINUED INSTRUCTION NO. 01/2023 Page 4 of 74 ANNEX CLASSIFICATION TABLE OF FOREIGN EXCHANGE OPERATIONS

1. Introduction Considering that under Law No. 24/21, of October 18, Law of the Banco Nacional de Angola (BNA), it is BNA's responsibility to guarantee and ensure a system of information, compilation, and processing of monetary, financial, and foreign exchange statistics, as well as the preparation of the country's external balance of payments; Considering also the need to improve the quality of information provided within foreign exchange operations statistics produced in the country, as a basic tool in decision-making processes, the Banco Nacional de Angola developed the Foreign Exchange Operations Classification Table, intended to support its users, especially authorized Banking Financial Institutions operating in the foreign exchange market, their clients, and the general public, aiming to correctly classify the foreign exchange operations they carry out, making it a mandatory reference instrument for framing and registering said foreign 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. The document consists of the Classification Table, Description of Classification Categories, and Glossary. The Classification Table presents a list of seven main categories of foreign exchange operations, namely: Goods, Services, Primary Income (Income), Secondary Income (Current Transfers), Capital Account, and Financial Account, as well as the list of accounts comprising each category. The Description of Classification Categories contains definitions of 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.

CONTINUED INSTRUCTION NO. 01/2023 Page 5 of 74 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. Food Goods 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, salami, scallops, meat cuts, shellfish, lobster, crab, etc.)

CONTINUED INSTRUCTION NO. 01/2023 Page 6 of 74 A02.05 Beverages (including alcoholic and non-alcoholic beverages, etc.) A02.99 Food Goods – 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 - At airports A06.05 Navigation Supplies - Elsewhere A06.06 Non-Monetary Gold A06.99 Others B. Travel B01. Business Travel B01.01 Public Sector B01.02 Private Sector B01.99 Others B02. Personal Travel B02.01 Health Travel B02.02 Educational or Scientific Purpose Travel B03. Tourism Travel B03.01 Accommodation B03.02 Local Transport

CONTINUED INSTRUCTION NO. 01/2023 Page 7 of 74 B03.03 Other Services B03.04 Tourist packages with international travel included B03.05 Cruises B03.99 Others B04. Travel - International Payment Cards B04.01 Credit Card B04.02 Debit Card B04.03 Prepaid Card B04.99 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, River and Lacustrine Transport - Passenger C02.02 Maritime, River and Lacustrine Transport - Freight of goods C02.03 Maritime, River and Lacustrine Transport - Charter with crew C02.04 Maritime, River and Lacustrine Transport - Support and auxiliary services C02.05 Air Transport - Passenger C02.06 Air Transport - Freight of goods C02.07 Air Transport - Charter with crew C02.08 Air Transport - Support and auxiliary services

CONTINUED INSTRUCTION NO. 01/2023 Page 8 of 74 C02.09 Rail Transport - Passenger C02.10 Rail Transport - Freight of goods 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 of goods C02.15 Road Transport - Charter with crew C02.16 Road Transport - Support and auxiliary services C02.99 Transport – Others C03. Telecommunications C03.01 Telecommunication Services C03.02 Postal and Mail 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 Goods Insurance - Premiums C05.02 Goods Insurance - Claims/Compensation C05.03 Direct Insurance C05.04 Reinsurance - Premiums C05.05 Reinsurance - Claims/Compensation C05.06 Auxiliary Insurance Services C06. Financial C06.01 Banking services and other financial intermediation services - Banking intermediation services

CONTINUED INSTRUCTION NO. 01/2023 Page 9 of 74 C06.02 Banking services and other financial intermediation services - Financial "leasing" services C06.03 Banking services and other financial intermediation services - Financial intermediation services - others C06.04 Auxiliary financial intermediation services - Financial market administration C06.05 Auxiliary financial intermediation services - Brokering 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 management consulting services - Legal services C07.03 Professional and management consulting services - Accounting and auditing services C07.04 Professional and management consulting services - Management consulting services C07.05 Professional and management consulting services - Advertising services C07.06 Professional and management consulting services - Market research and opinion polling services C07.07 Professional and management consulting services - Public relations services C07.99 Professional and management consulting services – Others C08. Technical and Other Business Services C08.01 Commercial Intermediation C08.02 Operational Leasing (Leasing) Services C08.03 Ship Rental C08.04 Aircraft Rental C08.05 Railway Equipment Rental C08.06 Other Transport Equipment Rental

CONTINUED INSTRUCTION NO. 01/2023 Page 10 of 74 C08.07 Other Rental Services C08.08 Agricultural Services C08.09 Mining Services C08.10 Industrial Services C08.11 Environmental/Ecological Treatment 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, research and development C10.03 Distribution Rights of Intellectual Property - Reproduction and/or distribution rights of software C10.04 Distribution Rights of Intellectual Property - Reproduction and/or distribution rights of audiovisual content C10.05 Distribution Rights of Intellectual Property - Temporary usage rights of natural resources C10.99 Distribution Rights of Intellectual Property - Other intellectual property usage rights C11. Manufacture Services on Physical Inputs Held by Others 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;

CONTINUED INSTRUCTION NO. 01/2023 Page 11 of 74 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 on unprocessed agricultural crops and products (including vegetables, fruits, soybeans, corn, wheat, wheat-rye mixture, raw cotton, etc.); C11.14 Processing fees on 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 on unprocessed animal-origin products (including hides, raw leather, tanned leather, etc.) 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 agricultural/livestock 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, salami, scallops, meat cuts, shellfish, lobster, crab, etc.);

CONTINUED INSTRUCTION NO. 01/2023 Page 12 of 74 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.e.c. C12.01 Maintenance and repair services n.e.c. C99. Others C99.01 Other business services C99.02 Purchase and Sale and Other Services C99.03 Operating Leasing D. Current Transfers D01. Current Transfers D01.01 Maintenance of natural persons (family support) D01.02 Remittances from emigrants D01.03 Remittances from immigrants D01.04 Health D01.05 Education D01.06 Contributions to trade associations D01.07 Other current transfers D01.08 Current tax on income and wealth D01.09 Social contribution D01.10 Social benefits D01.11 Non-life insurance premium D01.12 Non-life insurance compensation/claims D01.13 Current international cooperation D01.14 Scholarships/Study grants D01.99 Other current transfers E. Income (Primary Income) E01. Employee Compensation E01.01 Wages and other remuneration paid by residents to non-residents;

CONTINUED INSTRUCTION NO. 01/2023 Page 13 of 74 E01.02 Wages and other remuneration paid by non-residents to residents; E01.99 Employee Compensation – Others E02. Direct Investment E02.01 Income from Direct Investment - Profits and dividends - Equity income and fund participations; E02.02 Income from Direct Investment - Profits and dividends; E02.03 Income from Direct Investment - Profits and dividends - Direct investor in direct investment companies; E02.04 Income from Direct Investment - Profits and dividends - Direct investment companies in the direct investor; E02.05 Income from Direct Investment - Profits and dividends - Between parent or related companies; E02.06 Income from Direct Investment - Reinvested profits; E02.07 Income from Direct Investment – Interest; E02.08 Income from Direct Investment - Interest - Direct investor in direct investment companies; E02.09 Income from Direct Investment - Interest - Direct investment companies in the direct investor (reverse investment) E02.10 Income from Direct Investment - Interest - Between parent or related companies; E03. Portfolio Investment E03.01 Income from equity participation and fund participations; E03.02 Dividends on equity excluding fund participations; E03.03 Investment income attributable to investment fund shareholders; E03.04 Reinvested profits E03.05 Dividends E03.06 Interest E04. Real Estate Investment

CONTINUED INSTRUCTION NO. 01/2023 Page 14 of 74 E04.01 Real Estate Investment E04.02 Income from Real Estate Investments 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/Study grants E05.06 Other current government transfers E06. Other income E06.01 Taxes on production and output E06.02 Subsidies on product and production E06.03 Rent/Leasing E06.04 Other investment E06.05 Interest on Deposits E06.06 Interest on Deposits - Deposit and application interest, with term <= 1 year E06.07 Interest on Deposits - Deposit and application interest, with term > 1 year E06.08 Interest on Central Government Loans E06.09 Interest on Loans from Other Sectors E06.98 Profits and dividends E06.99 Other income from financial applications F. Capital Account F01. Capital Account F01.01 Acquisition or Disposal of Non-Financial Non-Produced Assets F02. Capital Transfers F02.01 Government - Debt Forgiveness F02.02 Government - Investment Donations F02.03 Government - Other capital transfers F02.04 Other Sectors - Debt Forgiveness F02.05 Other Sectors - Investment Donations

CONTINUED INSTRUCTION NO. 01/2023 Page 15 of 74 F02.06 Other Sectors - Inheritances/Estates F02.07 Other Sectors - Donations/Gifts 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 G. Financial Account G01. Direct Investment G01.01 Equity 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

CONTINUED INSTRUCTION NO. 01/2023 Page 16 of 74 G02.01 Equity 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 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 G03.02 Deposits and applications abroad by residents, with term <= 1 year G03.03 Deposits and applications abroad by residents, with term > 1 year G03.04 Deposits and applications in Angola by non-residents, with term <= 1 year G03.05 Deposits and applications in Angola by non-residents, with term > 1 year G03.06 Insurance, pension and standardized guarantee mechanisms G03.07 Commercial credits

CONTINUED INSTRUCTION NO. 01/2023 Page 17 of 74 G03.08 Disinvestment - Proceeds from investment liquidation