INSTRUCTION No. 08/2024 of 9 December
SUBJECT: FINANCIAL SYSTEM

• Registration and Verification of the Beneficial Owner
  Considering that there is a need to ensure compliance with legislation and regulations on the prevention of money laundering and terrorist financing in line with internationally accepted best practices; Considering the need to register and verify the beneficial owners, individuals who, in fact, control or have an economic interest in the Financial Institutions under the supervision of the National Bank of Angola and its managers, as well as in legal persons related to them; Under the provisions of article 51 (1) (b) and article 169 (4), both of Law No. 14/21, of 19 May, Law on the General Regime of Financial Institutions, together with article 3 (9) of Law No. 05/20, of 27 January, Law on the Prevention and Combating of Money Laundering, of the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction, of article 21 and article 98 (1), both of Law no. 24/21, of 18 October, Law of the National Bank of Angola. I HEREBY DETERMINE:

1. Object
   This Instruction establishes the rules and procedures for the Registration and Verification of Beneficial Owners of Financial Institutions under the supervision of the National Bank of Angola, hereinafter referred to as Institutions, and their managers.

2. Scope
   This Instruction applies to Financial Institutions under the supervision of the National Bank of Angola, provided for in Law No. 14/21, of 19 May, Law on the General Regime of Financial Institutions.

3. Beneficial Owner Registration
   3.1. Institutions shall report detailed information on the natural or legal persons
   who have, directly or indirectly, control or a significant economic interest in them when they are set up and whenever there are changes to their ownership structure, control, or management.
   3.2. For the purposes of the provisions of the previous subparagraph, control or
   significant interest is understood to be the holding of qualified holdings or non-qualified holdings, which, directly or indirectly, enable them to exert considerable influence on the management of the institution.
   3.3. For the purposes of paragraph 3.1., the Institutions shall report the following
   information:
   a) Personal Identification or updated Certificate of Incorporation of the beneficial owners; b) The percentage of equity interest or voting rights that the beneficial owner has in the entity; c) The type of control exercised, directly or indirectly, by the beneficial owner, including shareholding, control of votes, the right to appoint or dismiss members of the management bodies and/or enforcement, or other forms of significant influence; d) A diagram or description of the ownership structure, showing how the beneficial owners are linked to the entity; e) the identification of any intermediary entities or trusts through which the beneficial owner controls or has an interest in the entity; and, f) Shareholders' Agreements entered into, if applicable.

4. Information Reporting
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4.1. The Institutions shall report the information requested under this
Instruction, in aggregate form, through the e-mail dro_organizacao@bna.ao, in Excel format, annually, until April 30 (thirty), under the terms of Annex I, attached to this Instruction.
4.2. For the purposes of the provisions of the previous sub-point, the Institutions
shall submit a declaration duly signed by the Chairman of the Management Body, confirming that the information provided is accurate and complete, in accordance with Annex II of this Instruction.
5. Transitional Provisions
The Institutions must submit to the National Bank of Angola, within 30 (thirty) days, the history of the beneficial owners from the date of their incorporation.
6. Sanctions
Failure to comply with the provisions set out in this Instruction constitutes a misdemeanor punishable under the terms of Law No. 14/21, of 19 May, Law on the General Regime of Financial Institutions and Law No. 5/20, of 27 January, Law on Preventing and Combating Money Laundering, the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction
7. Doubts and Omissions
Doubts and omissions arising from the interpretation and application of this Instruction are settled by the National Bank of Angola.
8. Entry into Force
This Instruction shall enter into force on the date of its publication. BE IT BE PUBLISHED Luanda, 9 th December 2024. THE GOVERNOR MANUEL ANTÓNIO TIAGO DIAS

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9. ANNEX I
10. Information of the Beneficial Owner
    INFORMATION OF THE BENEFICIAL OWNER

PERSONAL IDENTIFICATION PROOF

1 Name Identity Card / Passport
2 Date of birth
3 Address
4 Nationality(ies)/ citizenships
5 Criminal record

PROFESSIONAL DATA PROOF

6 Current occupation
Have you held public office in Angola and abroad? (If yes, list the positions and provide proof) Are you related to people who have already held public positions in Angola or abroad? (If yes, list the persons and the positions and submit proof) SOURCE OF FUNDS PROOF Origin of funds for the establishment of the Financial Institution Other Participations in the financial system (directly or through intermediary) Other sources of income (in Angola and abroad) 12 Declaration of assets 13 Certificate of non-debtor 14 % of shares in entities abroad 15 % of shares in the Financial Institution Other PROOF Do you have relationships (direct or indirect) in high-risk jurisdictions? (If so, which ones? Do you have relationships with entities or companies abroad? (If so, which ones?) What is the destination of the results/dividends of the participation in the financial institution? Do you have shareholders' agreements at the financial institution? (If so, how many, and submit evidence) Has a relationship with members of the financial institution's corporate bodies 21 Identification of related parties Do you have relationships with entities or companies abroad

Have you ever been convicted of a financial crime?
24 Other information you consider relevant:
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11. ANNEX II
12. Veracity Statement of the Information Provided
    I, [Full Name], bearer of identification document No. [Document Number], issued by [Issuing Body], in my position as Chairman of the Board of Directors of [Name of Entity], with registered office at [Full Address], registered with XX/taxpayer xx under No. [Registration Number], hereby declare for the purposes that:
13. All information provided concerning the beneficial owners of [Name of Entity],
    including but not limited to names, ownership percentages, addresses, and other related information, is true, complete, accurate, and current to the best of my knowledge.
14. I understand that omission, misrepresentation, or incomplete information may
    result in legal sanctions, including, but not limited to, financial penalties, suspension of activities, or criminal liability, as established by applicable law.
15. I also declare that I am aware of my ongoing obligations to update the
    information provided, within the stipulated legal deadline, in case of changes in the data previously submitted. Place and date: [City], [Day] of [Month] of [Year] [Signature] [Full Name] [Job Title/Position] [Entity Name]

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