Approval of Benefit and Contribution Changes

NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY Safeguarding the Nation's Wealth

Enquiries: C.E. Swart

TO: PRINCIPAL OFFICERS OF ALL MEDICAL AID FUNDS

CIRCULAR LETTER: PI/MA/3-4/10/2011

DATE: OCTOBER 4, 2011

RE: APPROVAL OF BENEFIT AND CONTRIBUTION CHANGES

This letter serves to inform all funds that, in anticipation of the benefit and contribution changes to be implemented for the year 2012, the Registrar is required to properly check, and if necessary, investigate and resolve issues of concern with a fund before approval of the proposed changes can be granted.

As time is required to achieve this objective, all funds are hereby informed to submit their benefit and contribution changes by October 31, 2011, for their changes to be implemented effective January 1, 2012.

Medical Aid Funds are hereby requested to apply for approval before implementing any rule, benefit or contribution changes.

Implementation of the above mentioned changes without the Registrar's approval is in contravention of Section 31 of the Medical Aid Funds Act, (Act No. 23 of 1995).

You are furthermore requested to contact Mr. Christopher Swart at telephone number +264-61-290 5212 should you need further clarity on issues raised in this letter.

Yours sincerely,

[Signature]

Phillip N. Shiimi Registrar: Medical Aid Funds

Tel: +264 61 290 5000, Fax: +264 61 290 5158, PO Box 21250, Windhoek, Namibia, 154 Independence Ave, Sanlam Centre, www.namfisa.com.na