TOTALGAZ SOUTHERN AFRICA (PTY) LTD

Sec File Pag tion ref: e 1 : HR of 5 Ad 021 min IE S s fu s f! u e e e c r d tc :ie d J e e a s n : i 0 2 s 3 0 s 0 u 3 e d a t e d : " A A e u u rtt s $ $ io o o rr n :i % n R e o #d # H S 1 a i

STAFF LOAN POLICY

$#es "o &$$ e' $o%ees o! (YZ #

SCOPE/OBJECTIVE: The sco e o! "h#s o$#c% &

Personal loans &ill onl' (e granted &$ere t$ere is a serious need or &$ere emergenc' relief is re)uired due to circumstances t$at could not $a e (een foreseen (' t$e em!lo'ee or &$ere emergenc' relief is re)uired#

TOTALGAZ SOUTHERN AFRICA (PTY) LTD

Sec File Pag tion ref: e 2 : HR of 5 Ad 021 min IE S s fu s f! u e e e c r d tc :ie d J e e a s n : i 0 2 s 3 0 s 0 u 3 e d a t e d : " A A e u u rtt s $ $ io o o rr n :i % n R e o #d # H S 1 a i A!!lications must (e made in &riting on t$e loan a!!lication form* signed and t$en sent to t$e H#R# de!artment# +oans ma' not e,ceed t$e em!lo'ee-s net salar' for one mont$# A loan agreement &ill (e dra&n u! and t$e interest rate and re!a'ment terms &ill (e sti!ulated# Re!a'ments are to (e deducted in accordance &it$ t$e loan agreement from t$e em!lo'eessalaries and must (e re!a'a(le &it$in . mont$s# /$e' s$ould not e,ceed 100 of t$e em!lo'ee-s mont$l' net remuneration#

TOTALGAZ SOUTHERN AFRICA (PTY) LTD

Sec File Pag tion ref: e 3 : HR of 5 Ad 021 min IE S s fu s f! u e e e c r d tc :ie d J e e a s n : i 0 2 s 3 0 s 0 u 3 e d a t e d : " A A e u u rtt s $ $ io o o rr n :i % n R e o #d # H S 1 a i is t$e res!onsi(ilit' of t$e em!lo'ee to !ro ide !roof 1 su!!orting documentation to su(stantiate It t$e loan a!!lication# +oans &ill onl' (e !rocessed once a &ee2 3&ill (e !aid &it$in 4 da's5# Pa'ment &ill not (e made until t$e loan agreement $as (een signed and returned to t$e H#R# 6e!artment# /$ere is interest on !ersonal loans* at t$e current !rime lending rate# Interest is fi,ed for t$e loan re!a'ment !eriod and does not fluctuate &it$ t$e !rime lending rate#

TOTALGAZ SOUTHERN AFRICA (PTY) LTD

Sec File Pag tion ref: e 4 : HR of 5 Ad 021 min IE S s fu s f! u e e e c r d tc :ie d J e e a s n : i 0 2 s 3 0 s 0 u 3 e d a t e d : " A A e u u rtt s $ $ io o o rr n :i % n R e o #d # H S 1 a i loan agreements and su!!orting documentation &ill (e filed on t$e em!lo'ee-s !ersonal file# All Administration &ill ensure t$at all loans re!a'ments 78S/ (e !rocessed on t$e Pa'roll s'stem to ensure t$at salar' deductions are made and t$at t$e correct fringe (enefit ta, entries are raised# A mont$l' reconciliation is conducted (' t$e Human Resources 6e!artment to ensure t$at loans are reco ered as !er loan agreement# +oans e)ual to1or greater t$an R10 000 or to 7A9:;7 mem(ers must (e a!!ro ed (' t$e 7#6# 9o loan &ill (e granted if t$ere is a (alance outstanding on a !re ious loan#

TOTALGAZ SOUTHERN AFRICA (PTY) LTD

Sec File Pag tion ref: e 5 : HR of 5 Ad 021 min IE S s fu s f! u e e e c r d tc :ie d J e e a s n : i 0 2 s 3 0 s 0 u 3 e d a t e d : " A A e u u rtt s $ $ io o o rr n :i % n R e o #d # H S 1 a i cooling off !eriod of t$ree 335 mont$s in (et&een loans &ill a!!l'# A Lo&)s &*e +#,e) &" "he -#sc*e"#o) o! '&)&+e'e)" # All loans must (e !aid in full* including interest on termination of em!lo'ment#