/ 30 April 1999

Fund managers and the funds they

administer

Absa Fund Managers

Absa Aggressive Fund of Funds

Absa Balanced Fund

Absa Financial & Industrial Index Fund

Absa General Fund

Absa Growth Fund of Funds

Absa Income Fund

Absa International Fund

Absa Money Market Fund

Absa Specialist Growth Fund

African Harvest Management Co

African Harvest Rainmaker Fund

African Harvest Renaissance Fund

Allan Gray Unit Trust Management

Allan Gray Equity Fund

BOE Unit Trust Management Co

BOE Bond Fund

BOE Emerging Focus Fund

BOE Global Fund

BOE Growth Fund

BOE Income Fund

BOE Managed Fund

BOE Money Market Fund

BOE Value Fund

Brait Management Company

Brait Accelerated Fund

Brait Ffindi Fund

Brait Growth Fund of Funds

Brait International Growth Fund of Funds

Brait Managed Fund

Brait Money Market Fund

Brait Phambili Fund

Brait Superhighway Fund

Commercial Union Unit Trust Management Company

Commercial Union Growth Fund

Commercial Union Income Fund

Community Growth Management Co

Community Growth Fund

Community Growth Gilt Fund

Coronation Management Company

Coronation ALSI 40 Tracker Fund

Coronation Balanced Fund

Coronation Consumer Growth Fund

Coronation Financial Growth Fund

Coronation High Growth Fund

Coronation International Growth Fund

Coronation New Era Growth Fund

Coronation Optimum Growth

Coronation Specialist Bond Fund

Coronation Specialist Growth Fund

Fedsure Unit Trusts Management Company

Fedsure Balanced Fund of Funds

Fedsure Flexible Fund of Funds

Fedsure Financial Services Fund

Fedsure General Equity Fund

Fedsure Gilt Fund

Fedsure Global Fund

Fedsure Growth Fund

Fedsure Income Fund

Fedsure Index Fund

Fedsure Managed Bonus Fund

Fedsure Money Market Fund

Fedsure Multi Fund of Funds

Oasis Crescent Fund

Fedsure Pioneer Fund

Fedsure Value Fund

Fedsure Wealth Specialist Fund

Fleming Martin Management Co

Fleming Martin Acorn Growth Fund

Fleming Martin Bond Fund

Fleming Martin Balanced Fund

Franklin Templeton Management Co

Franklin Bond Fund

Franklin Equity Fund

Franklin Growth & Income Fund

Franklin Microcap Fund

Guardbank Management Corporation

Guardbank Capital Focus Fund

Guardbank Global Fund

Guardbank Growth Fund

Guardbank Income Fund

Guardbank Industrial Fund

Guardbank Money Market Fund

Guardbank Prosperity Fund

Guardbank Resources Fund

Guardbank RSA Equity Fund

Guardbank RSA Small Cap Fund

Guardbank Stability Fund

Investec Management Company

Investec Commodity Fund

Investec Emerging Companies Fund

Investec Equity Fund

Investec Fund of Funds

Investec Gilt Fund

Investec Growth Fund

Investec High Income Fund

Investec Index Fund

Investec Managed Fund

Investec Microcap Fund

Investec Money Market Fund

Investec Opportunity Fund

Investec Value Fund

Investec Worldwide Fund

Marriott Unit Trust Management Co

Marriott Equity Unit Trust

Marriott Global Income Fund

Marriott Income Unit Trust

Marriott Property Equity Unit Trust

Mcubed Capital Unit Trust Management Company

Mcubed Balanced Fund

Mcubed Growth Fund

Mcubed International Fund of Funds

Metropolitan Unit Trust Management Company

Metropolitan General Equity Fund

Metropolitan Resources Unit Trust

Metropolitan Gilt Fund

Metropolitan Money Market Fund

Metropolitan New Generation Fund

Metropolitan Prudential Fund

Nedcor Bank Management Company

Nedbank Entrepreneur Fund

Nedbank Growth Fund

Nedbank Managed Fund

Nedbank Synchro Fund

NIB Management Company

NIB Syfrets Balanced Fund

NIB Syfrets Emerging Companies Fund

NIB Syfrets Flexible Fund

NIB Syfrets Gilt Fund

NIB Syfrets Growth Fund

NIB Syfrets Income Fund

NIB Syfrets Intellectual Capital Fund

NIB Syfrets Lifetime Asset Accumulator Fund

NIB Syfrets Lifetime Wealth Creator Fund

NIB Syfrets Lifetime Income Provider Fund

NIB Syfrets Maximum Income Fund

NIB Syfrets Mining & Resources Fund

NIB Syfrets Prime Select Fund

NIB Syfrets Selected Opportunities Fund

NIB Syfrets Universal Opportunities Fund

NIB Syfrets Value Fund

NIB Private Asset Unit Trust Management Company

NIB Syfrets Defensive Equity Fund

NIB Syfrets High Yield Income Fund

NIB Syfrets International Fund

NIB Syfrets Strategic Equity Fund

Old Mutual Unit Trust Managers

Old Mutual Consumer Fund

Old Mutual Financial Services Fund

Old Mutual Flexible Fund

Old Mutual Gilt Fund

Old Mutual Global Technological Fund

Old Mutual Global Equity Fund

Old Mutual Gold Fund

Old Mutual Growth Fund

Old Mutual High Yield Opportunity Fund

Old Mutual Income Fund

Old Mutual Industrial Fund

Old Mutual Investors Fund

Old Mutual Mining Fund

Old Mutual Money Market Fund

Old Mutual Sentinel Fund

Old Mutual Small Companies Fund

Old Mutual Top Companies Fund

Old Mutual Value Fund

Prestasi Unit Trust Managers

Prestasi SA Tracker

PSG Management Company

PSG Balanced Fund

PSG Gilt Fund

PSG Growth Fund

PSG Money Market Fund

PSG Opportunities Fund

RMB Fund Managers

RMB Asset Allocator Fund of Funds

RMB Balanced Fund

RMB Consumer Fund

RMB Equity Fund

RMB Financial Services Fund

RMB Gilt Fund

RMB Maximum Income Fund

RMB Money Market Fund

RMB Performance Fund of Funds

RMB Strategic Opportunities Fund

RMB Top 40 Index

RMB Value Fund

FNB Growth Fund

FNB Balanced Fund

Regal Treasury Unit Trust Management Company

Regal Treasury Balanced Fund

Sage Unit Trusts

Sage Financial Services Fund

Sage Fund

Sage Gilt Fund

Sage Global Fund

Sage Money Market Fund

Sage Performance Fund

Sage Resources Fund

Sage SciTech Fund

Sanlamtrust Managers

Sanlam Aggressive Fund of Funds

Sanlam Diversified Fund of Funds

Sanlam Empowerment Equity Fund

Sanlam Europe Growth Fund

Sanlam Finance & Service Fund

Sanlam Future Trends Fund

Sanlam Gilt Trust

Sanlam Global Trust

Sanlam Income Trust

Sanlam Index Trust

Sanlam Industrial Trust

Sanlam Managed Prudential Fund of Funds

Sanlam Mining Trust

Sanlam Money Market Fund

Sanlam Prime Growth Trust

Sanlam Provider Trust

Sanlam Select Trust

Sanlam Technology Fund

Sanlam Trust

Sanlam Value Fund

Southern Unit Trusts Management Company

Southern Bond Fund

Southern Core Fund

Southern Equity Fund

Southern Global Fund

Southern Income Fund

Southern Managed Fund

Southern Pure Specialist Fund

Southern Mining Fund

Standard Bank Fund Managers

Standard Bank Aggressive Fund of Funds

Standard Bank Balanced Fund of Funds

Standard Bank Conservative Fund of Funds

Standard Bank Emerging Companies Fund

Standard Bank European Growth Fund

Standard Bank Extra Income Fund

Standard Bank Financial Services Fund

Standard Bank Gilt Fund

Standard Bank Gold Fund

Standard Bank Growth Fund

Standard Bank Index Fund

Standard Bank Industrial Fund

Standard Bank International Fund

Standard Bank Managed Fund

Standard Bank Managed Flexible Fund

Standard Bank Mining & Resources Fund

Standard Bank Money Market Fund

Standard Bank Mutual Fund

Standard Bank Science & Technology Fund