Association of NationalNumbering Agencies scrl

Annual Report2009

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Contents

3 Chairman’s Report 2009

5 Objectives and mission statements of ANNA

6 General meetings – ANNA administrative review 2009

9 ANNA Service Bureau – report for 2009

10 Securities business and state of ISIN implementation –

worldwide

11 Allocation of ISIN for new financial instruments

13 Working Groups and Task Forces

16 List of members by COUNTRY as per May 2010

Appendices

20 A ISO 6166 – an outline of the standard

21 B ANNA Guidelines for ISO 6166, Version 9, November 2006

29 C Geographical division of countries

among substitute agencies as per May 2010

40 D ISO 10962 – outline of the CFI-(Classification of

financial Instruments-)Code

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Dear ANNA members and partners,

The financial year ending December 31, 2009saw continuing profound changes in the finan-cial business environment. During the 2009calendar year we witnessed the continuingfallout from the subprime mortgage crisis.This, along with other contributing factors, en-ded up leading to a global financial crisis,which resulted in a deep downturn to mosteconomies across the world. It resulted in thecollapse of large financial institutions, the bai-lout of banks by national governments anddownturns in stock markets around the world.Many economists considered this event to bethe worst financial crisis since the Great De-pression of the 1930s.

In these times of uncertainty, ANNA continuesto have its own challenges to face – which ha-ve continued to be main areas of focus of theBoard and membership as a whole. Below Iwill recap some of the key elements the ANNABoard and the ANNA membership focused onduring the course of 2009.

A significant amount of effort was put towardsmaintaining an adequate level of dialogue andcooperation with members of the ISO CentralSecretariat. A prime objective was the finali-sation and execution of the Registration Aut-hority Agreement for the ISIN standard. Alt-hough the Board were able to meet almost allrequirements of the drafted Agreement, thestart of the EU Commission investigation intoISIN Licensing practices put finalisation onhold from ISO’s perspective. These two topicswere presented in detail at both the Malta andSingapore General Meetings, in June and No-vember respectively.

The EU Commission ISIN Licensing investiga-tion must also be noted as this required sup-porting efforts not only from the ANNA Boardmembers, but also from the each of the Euro-pean based NNAs. The ANNA membershipassisted the Commission to the best of theirefforts. The results of this investigation remainunknown at the time of writing this report, butwe eagerly await the outcome to allow furtherdirection to be determined.

I believe it is also important to note the effortsput into the development of ANNA’s futurestrategy. This was first presented at the JuneGeneral Meeting to assess the membership’sreaction and canvass feedback on the con-tent. The Board subsequently revised thestrategy presentation and presented a morein-depth overview of the envisioned directionof the Association – which was well received.

The other key area of focus worth mentioningis the establishment of roles and responsibili-ties of ANNA and its members in respect ofassuming the Registration Authority role fornew standards in the process of being develo-ped, i.e. Financial Instrument Abbreviationsand Short Names and the Issuer/GuarantorIdentifier. Progress towards the appointmentof a Registration Authority is also linked to theoutcome of the EU Commission investigation– which hopefully will be public within the firsthalf of 2010.

The Board were again pleased to see themembership composition of the Associationcontinue to increase – thus further emphasi-sing the truly global nature of our mission andobjectives. The ANNA membership was plea-sed to welcome the following country as anew member of the Association:

• United Arab Emirates

Additionally, the following countries were en-dorsed by the ANNA Membership and accep-ted as new ANNA partners:

• Palestine• Armenia• Ecuador• Paraguay• Guatemala• Kazakhstan

As a result, the ANNA membership nowstands at 79 full members and 27 partners re-presenting 118 countries (two NNA partnersare representing several countries).

In June 2009, one of the ANNA Board seatswas up for election. The membership deter-

Chairman’s Report 2009

The ANNA Board of Directors

Chairman: Mr Dan Kuhnel Euroclear BelgiumVice Chairman: Mr Terry Allison London Stock Exchange United KingdomExecutive Secretary: Mr Markus Heer WM Datenservice GermanyTreasurer: Mr Samir Jaradat Securities Depository Center JordanMarketing Director: Mr Martín Paladino Caja de Valores Argentina

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mined a change of the Board composition andthe seat held by Hungary was replaced by thecandidate from Jordan. I would like to use thisopportunity to thank Gyorgy Dudas for hiscontributions to the efforts of the Board for thethree years he was a members. Additionally,this provides me with another opportunity towelcome Samir Jaradat.

As we all continue to deal with the associatedaftermath of the financial crisis, many firmsand many countries will face challenges rela-ted to their short, medium and long term stra-tegies. Whilst the ANNA Board has an agreedview of the strategic direction for ANNA – se-veral influencing factors remain open. At thisstage we can only speculate on what might beoutcome and with that, the associated im-pacts on the Association – but the Board re-mains committed to ensuring the correct pathis followed for the benefit of ANNA and itsmembers.

We will work to ensure that ISO standards andANNA’s role in financial standards is not onlymaintained but continues to develop. Stan-dards will only increase in importance as newregulatory changes are implemented to avoida repeat of the recent crisis. It is, therefore,with the necessary levels of foresight and po-sitioning that ANNA will continue to play a pi-votal role in the developing future landscape.

I look forward to the challenges that 2010 willbring to the Association.

Yours sincerely

Dan KuhnelANNA Chairman

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Objectives and mission statements of ANNA

Objectives:

1. Global promotion of ISO standards underANNA's Control as Registration Authority

• Give assistance to members• Promote National Numbering Agencies

(NNAs) involvement• Give assistance and support to market parti-

cipants with regards to standards • Full ISIN coverage where no NNA exists• Support ANNA membership• Monitor ANNA members rights and obligati-

ons• Define role of Partners and Substitute NNAs• Develop marketing strategies and increase

visibility of ANNA

2. Make available

• International Securities Identification Number(ISIN) allocation according to ISO Standard6166

• Classification of financial instruments (CFI)allocation according to ISO Standard 10962

• Dissemination of ISIN and CFI throughNNAs and ANNA Service Bureau (ASB)

• Products of the ASB: ISIN_Access (Look-upservice) and ISIN_db (Daily datafeed)

3. Quality

• Develop and proactive maintenance ofISIN- and CFI-guidelines

• Monthly reporting by ASB and other statisti-cal information

• Assure timeliness / accuracy / availability

4. Committed to work with the financial in-dustry

• ISIN- CFI- guidelines• Interaction of ANNA with the external world

Mission of ANNA:

ANNA, the "Association of National NumberingAgencies”, is fully committed to proactivelypromoting, implementing, maintaining and ma-king available, standards for securities and re-lated financial instruments, in a uniform andaccurate structure for the benefit of their homemarkets and of the securities industry as awhole.

Registration and maintenance of internationalstandards under ANNA’s responsibility, is en-acted according to rules and regulations setout by ISO, the "International Organization forStandardization”.

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ANNA General Meeting, MaltaJune 4 and 5, 2009

Dan Kuhnel in his function as Chairman presen-ted an overview of the status of action items re-sulting from the General Meeting in Hong Kongas well as of the activities of the ANNA Boardsince the last General Meeting in November2008. This meeting also included the currentstatus of discussion with ISO on the Registrati-on Authority Service Level Agreement (SLA).

He also continued to provide a status reporton action items resulting from the November08 General Meeting. Several items are eithercovered by agenda items of this meeting orare already closed.

Dan Kuhnel gave an overview of current mem-bership as well as on key areas of focus ofBoard activities during Q4 2008 and Q1/Q22009, e.g.

• Two Board Meetings were held in Frankfurtand London

• Dan Kuhnel represented ANNA in meetingswith CESR and ISO TC68/SC4/WG1 on therevision of ISO 6166 Standard while Terry Al-lison represented ANNA in another ISO WG(SC4/WG8) on ISO 16372 – IGI (Issuer andGuarantor Identifier).

Key areas of focus were among other items

• Preparation of a business plan related toISIN allocation, registration and disseminati-on principles

• Provision of guidelines to NNAs on questi-onnaires sent by the EU Commission re ISINLicensing

The Palestine Securities Exchange (Palestine)informed that they intend to apply for Partner-ship status at this meeting and apply at a laterstage for full membership.

In addition to Palestine, the Central Depositoryof Armenia (NASDAQ OMX Armenia) appliedfor Partnership.

The CSD of Ecuador, DECEVALE S.A., as wellas Bolsa de Valores y Productos de Asunción(Paraguay) also applied to have an ANNA part-ner status.

As a result of the applications, the ANNAmembership now stands at 78 full members and 27 partners representing 117 countries(two partners are representing several coun-tries).

Three new Board members / one ASB Bo-ard member

Dan Kuhnel as a member of the nominationcommittee reminded the delegates of the re-

sults of the nominations process for the ANNABoard election with five ANNA members recei-ving sufficient nominations. Therefore, theywere proposed by the nomination committeefor election: Argentina, Germany, Hungary, Jor-dan and Luxembourg.

There were no spoiled ballots, and accordingto the ballot results above, Argentina, Germa-ny and Jordan were elected as new membersof the ANNA Board effective from the close ofthe Malta General Meeting.

The mid- and long-term strategy of ANNA

Terry Allison presented the guiding principlesfor consideration by the ANNA members onthe handling of new standards for which AN-NA could apply for as possible RegistrationAuthority such as:

• Synergies with current role of NNAs for cur-rent standards

• Inherent need for substitute NNA role• Technical implementation for less complex

standards via ANNA web

Dan Kuhnel emphasized that we could notwait again for years (like for the CFI) before wehave critical mass on new standards. Therefo-re, the implementation of the SNA concept forall possible new standards needs to be deve-loped since there are several standards in thepipeline that might be ANNA labelled like theIGI (Issuer and Guarantor Identifier).

The membership finally voted on the followingresolutions:

Status and implementation of ISO Stan-dards

ISO 6166 (ISIN) incl. info on ISOTC68/SC4/WG1 (ISO 6166 revision)

Dan Kuhnel and Terry Allison gave a presenta-tion on the current status of the discussion inWG1. The task of WG1 is based on the tech-nical parts (allocation rules) of the standardmainly for Structured Products where diver-ging proposals from several countries arebeing discussed.

ISO 10962 (CFI – Classification of Financial In-struments)

We were informed that the new version of ISO10962 is currently in DIS (Draft InternationalStandard) status. The WG identified a strongneed to simplify the standard.

ISO 18773/18774 (FISN – Financial InstrumentShort Name)

Markus Heer made a presentation on the fin-dings of the FISN Task Force established after

General meetings – ANNA administrative review 2009

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the General Meeting in Hong Kong. He sum-marized the findings of the TF members aswell as the proposal for an action plan for initi-al loading as well as for on-going maintenan-ce.

ISO 16372 (IGI – Issuer & Guarantor Identifier)

Uwe Meyer, as convenor of the ISO WG8 wor-king on a new CD (Circulated draft), informedthe members on the current status of the IGI.

Marketing activities

The new edition of the Newsletter was presen-ted to the members which will also be madeavailable via the ANNA web in the public area.Comments and proposals by the members onthe content and additional items to be coveredare very welcome and should be sent to theMarketing Directors.

Financial report 2008

György Dudas presented the financial resultsof 2008.

Report from the ASB Operators

Scott Preiss gave a presentation on some vo-lume statistics as well as on some data qualityissues.

Report from the ASB Advisory Board Chair-man

We were informed by Nourredine Yous thatthere had been no activities by the ASB Boardsince the last General Meeting. The members were told that a workshop forthe Asian members and partners as well aspotential members will be organized alongwith the EGM on November 4. Invitations willbe sent in due course.

Closure

Dan Kuhnel congratulated the new ANNAPartners. He was looking forward to workingwith them on ISIN and other standards. He thanked the Malta Stock Exchange for theexcellent organisation of this very special Ge-neral Meeting and their kind hospitality. Hecontinued to thank also the Secretariat for theefforts in preparing the meeting.

ANNA Extraordinary General Meeting,Singapore November 5 and 6, 2009

26 ANNA members were present at this Extra-ordinary General Meeting and 25 additionalmembers were represented through Powers ofAttorney. This represented a 65.4% attendance,sufficient to establish the necessary quorum.

Report from the Chairman of ANNA (incl.ISO 6166 and ISO SLA status andReview of General Meeting action items,Malta June 2009

Dan Kuhnel opened his report by giving ashort summary on the workshop for membersand partners held the day before. The partici-pation was excellent with 37 delegates and anactive discussion especially on practical issuestook place. The Board will, therefore, put dueattention to offer a half-day session on practi-cal issues before every General Meeting.

Dan Kuhnel gave an overview on the status ofaction items handled at the last General Mee-ting in Malta which continue to be addressedin every Chairman’s Report.

The Chairman continued to give an overviewof activities by the ANNA Board during Q3/Q42009, e.g.Two board meetings were held. Chairman and Executive Secretary participa-ted in the latest ANNA WG2 Meeting in Ma-drid.Board members participated in several natio-nal and international industry events.

Key activities of the Board during this pe-riod were outlined, for instance:

• EU Commission Questionnaires regardingISIN Licensing

• Review and re-drafting of ISO 6166 Regis-tration Authority Agreement drafted by ISO

Agreement for ANNA Board to prepare abusiness plan (during 2009) related to thefollowing items:

• NNA ISIN allocation principles• NNA ISIN access principles• NNA ISIN dissemination principles• Assessment of requirements for Registration

Authority role for ISO 18773 and • ISO 18774 (Standard Issuer Names and Ab-

breviations)

As additional items, Dan Kuhnel covered thefollowing:

• ISO 6166 Registration Authority – statusoverview

• SC4 Working Group 1 overview (ISO 6166revision)

• Operational matters such as CESR consulta-tion, Columbian local codes and DummyISINs allocated by Australia and Ireland

Martín Paladino informed on the activities ofALARG, the Latin American Regional Group.One key item is the established linkage bet-ween the Latin American CSDs. Currently as-sistance is being given to the ANNA Partnersin Ecuador and Paraguay for the handover of

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the numbering functions. This also includesthe establishment of the linkage to the ASB.

The Securities and Commodities Authority(United Arab Emirates) applied to become afull member of ANNA which was unanimouslyendorsed by the meeting delegates.

Applications for partnership

The Bolsa de Valores Nacional, S.A. (Guate-mala) and the Kazakhstan Central SecuritiesDepository (Kazakhstan) applied to have anANNA partner status.

Both applications were unanimously endorsedby the meeting delegates.

As a result of the applications the ANNA mem-bership now stands at 79 full members and 27 partners representing 118 countries(two partners are representing several coun-tries).

ANNA Strategic Goals

Terry Allison gave a presentation on strategy:

• ANNA’s Strategic Options• ANNA’s Strategic Goals• Standards – Current Overview• ANNA Service Bureau• Guiding Principles for new standards• IPR Issues for ANNA – FISN & IGI• Regional Groups• European Reference Database• Alternative Instrument Identifier (AII) • EU Commission

He summarized his presentation with the threefollowing core items:

• The ANNA Board recognises that ANNA is ina unique position to serve the market as theRegistration Authority for its current area ofresponsibility as well as for some new stan-dards

• A cost recovery model for existing and newstandards, in line with ISO directives, is theright approach to meet the ever increasingdemands on the NNAs

• ANNA cannot take on any new standardswithout being fully aware of any claimed In-tellectual Property Rights and/or licensingconditions and associated consequences –both for ANNA and the users of the stan-dards, i.e. the market.

After some discussions the following resoluti-on sent to the ANNA members before themeeting was accepted unanimously:

• Financial Instrument Short Name (FISN) ac-cording to ISO 18773/18774 and Issuer andGuarantor Identifier (IGI) according to ISO16372.

• Beside the summary of the content of bothaforesaid draft standards, Markus Heer pro-vided an update on the activities of TaskForce 20 dealing with the implementationaspects.

Martín Paladino presented the topics of the4th edition of the Newsletter to the members.The newsletter will be available via the ANNAweb for the ANNA members. They will also beable to send it to any party that may be inte-rested in ANNA related matters.

Financial Forecast

Samir Jaradat presented the financial forecastfor 2010.

Report from the ANNA Service Bureau Ad-visory Board

Filiz Kaya (ASB Advisory Board Chairperson)gave a presentation on:

• History of the ASB in the past 8 years• Some statistics• ASB activities in 2009 and concluded with

the final question on the ASB’s role in AN-NA’s future direction

Miscellaneous

For the late spring 2010 meeting the ANNABoard seat currently held by the London StockExchange is open for election.

Uwe Meyer gave a presentation on the newlayout for the ANNA website which also inclu-ded the proposal for a new ANNA logo. Besi-des the more modern design, the website willalso include additional functionalities.

Uwe Meyer informed that the next OrdinaryGeneral Meeting will be kindly hosted by SIXTelekurs Paris/France on June 17 & 18, 2010.

The next Extraordinary General Meeting will bekindly hosted by the Lima Stock Exchange onNovember 25 & 26, 2010.

Markus HeerExecutive Secretary

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After eight years, ISIN and CFI data collectedand distributed by the ANNA Service Bureau(ASB) reached to a thundering level. As ofMarch 1, 2010, the ASB Database, which isthe sole central hub for ISINs and CFIs in theglobal securities industry, has 10.2 million (4million active) ISIN codes and 7.8 million (3.2million active) CFI codes from 79 members.The number of ISIN codes is 836.349 for equi-ties and 4.7 million for debt instruments.

While providing the global securities industrywith the services which are to collect and dis-seminate ISIN and CFI data, the main task ofthe ASB is to improve the quality of data dis-seminated to the global industry in terms ofaccuracy, timeliness, completeness and cove-rage under the ANNA’s direction. In this re-gard, ASB maintained to communicate withthe technical staff of the NNAs in order toidentify the problems and solved them as faras possible. In this framework, ASB operatorsdeveloped new software functionalities whichenable data quality transparency and also theyperiodically synchronize the ASB Database toprovide integrated and complete data to theindustry.

The ASB Advisory Board met virtually on Au-gust 26, 2009 and discussed all ASB relatedissues such as quality issues with the ASB da-tabase, ASB data obligations for NNAs, ques-tions concerning the revenue sharing. Fromthe very beginning, ASB operators expended alot of efforts to solve the quality problems andstill perpetuate to seek new ways to have thezero error data. In order to be able to minimizethe corrupt data or to have a zero error rate inthe ASB records, the establishment of an es-calation process - which is a formal process

for NNAs fulfilling the obligations regardingISIN and CFI data submission to the ASB -was discussed. Besides, establishing a centralmailbox system in order to provide more effi-cient communication among the NNAs and al-so between the NNAs and the ASB Supportteams was proposed and views were ex-changed on this proposal.

While the ASB continues to provide its ser-vices to the global securities industry properlyand improve its infrastructure according toANNA’s direction, the ASB will be following upthe future direction recommended by the AN-NA Board to streamline its service quality.

Filiz KayaChairman of the ASB Advisory Board

ANNA Service Bureau – report for 2009

ISIN- DBZurich

Telekurs Fin ance

Web ServerZurich

ISIN- DBNew York

Web ServerNew York

Standard & PoorÔs

Synchronization

NNAÔsNNAÔs

Customers

Customers

The ASB Net w ork

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Securities business and state of ISIN implementation – worldwide

Country Equities Debt instruments Investment funds Warrants TOFF* Use of ISINs Nextno. ISINs no. ISIns no. ISINs no. ISINs no. ISINs Yet not Second. Primary step

Argentina 556 5.364 24 4 - XAustralia 9.400 10.094 14.761 3.276 15.129 X N/AAustria 801 9.165 3.924 1.627 5.899 X N/AAzerbaijan 199 11 - - - XBelgium 104.386 12.701 2.719 85 - X N/ABrazil 6.469 47.725 11.506 12 16.754 X XBulgaria 1.600 134 92 - - X N/ACanada 11.516 33.474 189 1.171 - X N/AChile 317 59 110 105 - X N/AChina 2.083 3.277 95 12 822(Costa Rica 54 169 - - - XCroatia 1.400 168 130 - - XCyprus 187 62 - 17 - X N/ACzech Republic 1.023 345 179 1 6 X N/ADenmark 582 2.627 921 - - X N/AEgypt 6.420 365 28 - - X N/AEstonia 7.032 176 125 - - X N/AFinland 485 1.344 1.320 - - X N/AFrance 1.503 5.139 13.095 483 - X N/AGabon and CEMAC - 4 - - X N/AGermany 19.616 250.267 b) 9.093 225.353 113.607 X N/AGreece 306 2.094 55 - - X N/AHong Kong 374 1.817 373 13 12 XHungary 7.196 745 545 - 16.382 X N/AIceland 60 220 156 - - X N/AIndia 8.114 10.713 1.542 53 - X N/AIndonesia 407 379 744 63 - X N/AIran 341 - - - - XIreland 68 125 17.906 874 - X XIsrael 785 1.012 1.216 178 1.172 X N/AItaly 13.368 39.727 4.423 2.466 38.174 X N/AJapan 5.260 76.850 6.472 14 - X X N/AJordan 275 98 - - - X N/AKorea 387 11.906 4 11.143 17.872 X XKuwait 222 31 56 - 1.492 X N/ALatvia 60 98 39 - - X N/ALebanon 153 38 8 1 - X N/ALibya 25 - - - - XLithuania 799 369 37 - - X N/ALuxembourg 513 424 80.948 112 - X X N/AMacedonia 823 32 - - - X N/AMalaysia 971 37 108 - 132 X N/AMalta 24 109 742 14 - X N/AMauritius 618 1 9 3 XMexico 593 11.097 4.186 15 - X N/AMontenegro 435 152 - - -Morocco 84 501 304 - - X N/ANetherlands 26.188 a) a) a) - X N/ANigeria 272 - - - - XNorway 6.558 3.173 630 1.718 1.856 X N/AOman 134 10 - - - XPakistan 765 138 22 - - XPanama 54 312 16 - - X X N/APeru 377 476 11 - - XPhilippines 316 - - 2 -Poland 657 337 125 - 417 X N/APortugal 2.549 2.982 689 39 - X N/ARomania 4.465 101 56 - 1.125 X N/ARussia 3.037 1.031 409 - - - X XSaudi Arabia 139 6 - - - XSerbia 2.533 75 - - - XSingapore 752 1.116 37 173 - X N/ASlovakia 2.427 355 16 - - X N/ASlovenia 788 109 129 - - X N/ASouth Africa 1.378 1.872 2.992 420 - X N/ASpain 10.241 4.644 2.830 1.587 2.939 X N/ASri Lanka 319 1.435 1 11 - XSweden 1.998 2.990 1.187 2.053 17.012 X N/ASwitzerland 40.512 30.442 11.903 22.941 35.773 XTaiwan 1.956 2.048 56 1.161 1.900 X N/AThailand 2.304 1.632 12 464 253 X N/ATunisia 676 182 37 - - X N/ATurkey 617 428 524 - 32 X XUkraine 14.428 3.363 1.030 - 2United Arab Emirates 107 - - - - XUnited Kingdom 5.910 4.306 50.352 5.628 168.423 X N/AUSA 245.571 4.885.529 104.721 7.539 304.198 X N/AVenezuela 78 316 - - - X XClearing systems:Euroclear/Clearstream - 231.996 - - - X XTotal 595.996 5.722.649 355.969 290.831 761.383

* Traded Options and Financial Futuresa) included under equitiesb) includes Structured Products

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Type Rights Options/ Commo- Indexes Interest Curren- Cross Comments

Country Futures dities Rates cies RatesArgentina X X X Since the allocation of the ISINs is currently

done manually, it is difficult to allocate ISINs forall specific types. Moreover, there's no require-ment from the market.

Australia X X ASX does not quote or trade commodities,currency or cross-rate products. We have norequests for ISINs for indices and do not moni-tor cross-rates

Austria X X X X X We allocate ISINs upon request (norequest/need for currencies or cross rates atthe moment)

Azerbaijan We do not have such instruments, exceptequities and debt instruments.

Belgium X X X We plan to start with the options and futuresBrazil X X X X X X XBulgaria No derived financial instruments are beeing re-

gistered so far.Canada X These types of instruments do not trade in Ca-

nada with ISINs nor are they held in the Cana-dian CSD

Chile X X X Not requested by the marketChina X X X There are few requirements for allocation .Costa Rica Those instruments are not utilized in our mar-

ketCroatia X they are not recognized as traded on domestic

capital markets.Cyprus X The reasons that the CSE did not allocate

ISIN's are the following: 1) these types of fi-nancial instruments do not exist in the CypriotMarket, 2) up to now the CSE has not receivedany requests with regards to these specific ty-pes of financial instruments.

Czech Republic X The legal framework is strict on this point andthe CNB is allowed to allocate ISINs only forsome types of instrument

Denmark X X X X X X All Danish derivatives are issued throughOMX/Nasdac Stockholm

Egypt Not yet used in EgyptEstonia X X X X X XFinland X X X X X X XFrance X X X X X Euroclear France is delegating the codification

of Monep options to Euronext and Matif futu-res are not identified under the AFC referencesystem and aren't officially coded. We didn'tcodify cross rates.

Gabon and CEMAC N/AGermany X X X X X X XGreece X X Technically is feasible to allocate ISIN codes

for all instruments mentioned above, but thereis not such an interest by the local market.

Hongkong X X X X X X X No requests were received so far for ISIN oncommodities

Hungary XIcelandIndia X X X ISINs are allocated for securities which are tra-

ded in demat form only.Indonesia X They are not traded at the Stock ExchangeIran X X other type is not use in our environment.Ireland X XIsrael X X X X X We do not trade with commodities Italy X X X X X X As EMU members we are no longer in charge

of assigning Cross Rate ISINsJapan X Because local code is mainly used in Japan.Jordan X Such Issues do not exist in the Jordan Capital

MarketKorea X X X XKuwait X X Not Offered in the Kuwaiti MarketLatvia There are not registered such types of financial

instruments at Latvian Central Depository atthe moment.

Lebanon X X X other derived financial instruments do notexist.

Libya ISINs are only allocated for ordinary sharesand for listed and registered companies only

Lithuania In Lithuanian market we don’t have such kindof products.

Luxembourg no market demandMacedonia other derived financial instruments do not

exist.Malaysia X X X X XMalta We have not had such requests as yet.Mauritius X The Central Depository & Settlement Co. Ltd.

will start the clearing and settlement of trans-actions in Futures Contracts as from 7th April2010. Consequently ISINs will be allocated tothese Futures Contracts.

Mexico X X As of today, Mexican Markets have not requi-red the ISIN allocation for. We are in the proc-cess of analyzing its implementation

Allocation of ISIN for new financial instruments

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Type Rights Options/ Commo- Indexes Interest Curren- Cross Comments

Country Futures dities Rates cies RatesMontenegro Instruments do not exist in the marketMorocco X Instruments do not exist in the marketNetherlands X XNigeria They are not yet listed.Norway X X X X X X XOman Not available in the Omani marketPanama X We don’t have this financial instrumentsPakistan X Instruments are neither available in CDS nor

are they required by the market.Peru X X Derived financial instruments are not traded at

the Lima Stock Exchange. In the case of cur-rencies, we have allocated an ISIN code onlyfor our national currency (Nuevos Soles).

Philippines X Not listed or traded in PSEPoland X X X X X X XPortugal X X X X XRomania X X X X No request received yetRussia X X X X ISINs for this type of instruments are not requi-

red widly on the Russian marketSaudi Arabia X XSerbia X DERIVED FINANCIAL INSTRUMENTS HAVE

NOT YET APPEARED ON OUR MARKETSingapore XSlovakia X Allocation of ISIN for specific types of financial

instruments is not mandatory according to Slo-vak legislation.No voluntary requests by issuersto assign ISIN.

Slovenia X The reason for not allocate ISINS is bacausethis types of instruments are not issued yet.

South Africa X Current system constraints.Spain X X X X X X We do not have those instruments in our mar-

kets.Sri Lanka XSweden X X No market convention.Switzerland X X X X X X XTaiwan X X X X ISINs are allocated only for those derived fi-

nancial instruments traded at Taiwan Stock Ex-change

Thailand X X X Some instruments are not active in the ex-change..

Tunisia X Non-existent instruments in TunisiaTurkey X X X X X XUkraine X X No market demand for other instruments yetUnited Arab Emirates Commodities: ISINS will be allocated as future

step. Other derived financial instruments arenot used in the UAE market.

United Kingdom X X X X X X XUSA X X X X X X ISIN requests are not received for commodities

only for commodity options and futures.Venezuela Those financial instruments have not been de-

veloped sufficiently in the Venezuelan marketor sometimes certain instruments are negotia-ted only in the OTC Market and do not makeuse of the Central Depositary of Securities,making use of a Trust through the banking sys-tem, so the issuing companies do not requestany ISIN.If the custodian of the instruments is the Vene-zuelan Central Depositary of Securities (CajaVenezolana de Valores), an ISIN number is al-ways required.

Allocation of ISIN for new financial instruments

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Since its foundation in 1992 ANNA’s tasks ha-ve been growing constantly. In order tostructure the work of all existing Task Forces,ANNA decided to categorize the existing TaskForces into two categories:• Working Groups (WG) and• Task Forces (TF)While WG’s are permanent and looking intostrategic matters, TF’s should present their re-sults to the General Meeting in a limited pe-riod.At present three Working Groups plus two Re-gional Groups are in operation:

WG1 (Assisting Markets)

As already outlined in the Administrative Re-view for 2009, there was one application recei-ved during the past year for full membershipfrom the United Arab Emirates that was vo-ted positively at the 2nd General Meeting. Inaddition, several applications for Partnershipwere received from Armenia, Ecuador,Guatemala, Kazakhstan, Palestine andParaguay during last year.

As of 2010, the Board decided to start an ini-tiative to encourage Partners to apply for fullmembership after having been active as Part-ner NNA for some time.

The 27 ANNA Partners representing 35countries are at present:• Algeria• Armenia• Bangladesh• Belarus• Bolivia• Botswana• Cape Verde• Dominican Republic• Ecuador• El Salvador• Ghana• Guatemala• Honduras• Kazakhstan• Kenya• Mauritius• Nicaragua

• Palestine• Paraguay• Swaziland• Syria• Tanzania• UEMOA (representing Benin, Burkina Faso,

Côte d´Ivoire, Guinea-Bissau, Mali, Niger,Senegal, Togo)

• Uganda• Vietnam• Zambia• Zimbabwe

Organizations from these countries being ap-pointed as National Numbering Agencies aremainly Central Securities Depositories(CSDs) or Stock Exchanges. ANNA Membersand Partners allocate ISINs for more than 110countries. Those countries not having appoin-ted a National Numbering Agency yet arehandled by the appointed SNAs.

For 2010, ANNA has already received applica-tions for full membership from Bahrain, Ban-gladesh and Vietnam; the two latter currentlybeing Partners intending to change to the fullmembership status. Applications for Partner-ship have been received from Barbados andGeorgia. Further applications for Partnershipare likely in the near future from Mongolia andNepal.

ANNA has offered another workshop for exis-ting and future members and partners in Sin-gapore last November which was very well re-ceived. Due to the requirement by NNAs towork on practical standard related matters,ANNA will offer another workshop at thespring meeting in Paris in June 2010.

Uwe MeyerConvenor of WG1

Working Groups and Task Forces

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Update on WG2

The role of convenor for WG2 changed in Ju-ne 2009, from Nourredine Yous to Emma Har-ding. Since this date, there has been onemeeting held in Madrid, September 2009, andan additional conference call in February 2010.

The Working Group has focussed on reviewingand updating the May 2009 version of the ISINguidelines to ensure they remain aligned withthe current version of ISO 6166. Additionally,there have been many topics addressed rela-ting to guidance on ISIN allocation, and alsospecific market practices, such as - clarificati-on on use of dummy ISIN codes allocation ru-les for new instruments structured productsISIN allocation for country specific marketpractices

Several queries directed to WG2 on specificmarket practices have lead to the need forgreater awareness of country specific ISIN al-location practices. A questionnaire will be di-rected to all NNAs to identify specific allocati-on practices in order for WG2 to address allo-cation issues, or possibly the need for changeto the guidelines.

For the coming year, WG2 will continue to stri-ve for global consistency and remain accessi-ble to all members for ISIN allocation guidan-ce.

I would like to thank participants of WG2 fortheir wealth of experience and effort over thelast year; and also for their assistance in hel-ping me settle into the convenor role.

Emma HardingConvenor WG2

AMEDA & ANNA WG4 REPORT 2009

AMEDA had two regular meeting one in Ale-xandria Egypt in April, 2009 and the secondwas in Marrakech Morocco in October, 2009.

AMEDA held its first Leadership Forum rightafter the first meeting in Alexandria with morethan 100 attendants from the AMEDA regionand more than 18 speakers from all conti-nents.

Qatar Stock Exchange recently joined AMEDAand increased AMEDA members to 22 mem-bers from 19 countries.

Now NASDAQ Dubai is a subsidiary from Du-bai Financial Market and both are AMEDAmembers.

AMEDA will host the international conferenceof the CSD named CSD11 in Cape Town inSouth Africa in April, 2009 with AMEDA mem-bers being the event host.

AMEDA will have its two semi annual meetingsin Beirut in April 2010 and its next meeting willbe in Libya some time in October, 2010.

Mr. Mohamed Abdel Salam was reelected asAMEDA Chairman for a second term and Mr.Samir Jaradat as his Vice Chairman

All WG4 members are members in AMEDAand they are representing the major. So WG4by the way take share in all AMEDA activities.

AMEDA CHAIRMANMOHAMED ABDEL SALAM

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REGIONAL GROUP REPORTSANNA LATIN AMERICAN REGIONALGROUP (ALARG)

Caja de Valores S.A., as ALARG’s RegionalManager, has continued intensifying the inter-action between ANNA and the Regional NNAs.

The principal events that took place during2009 are listed below:

The Bolsa de Valores y Productos de Asunci-ón was accepted as ANNA Partner duringthe General Meeting held in Malta in June2009.In addition to the meeting that had been heldin 2008 to assist them in the designation pro-cess, a new meeting was organized in BuenosAires in 2009, during which Caja gave a pre-sentation on ANNA’s role, the structure of theAssociation, and its importance in the capitalmarket system. The ISIN and CFI Guidelines,and the hand–over process with the SNA werealso agenda items. We also agreed upon thenext steps in order to set up the numberingsystem in the Paraguayan market which wasestablished successfully.

DECEVALE S.A., the Central Securities Depo-sitory of Ecuador, had been appointed as theNNA for this country in 2008. As the designati-on of a new NNA is only the commencementof the process, and continuing with our re-sponsibilities in the region, we received the vi-sits of representatives from DECEVALE, thatalso joined ANNA during the General Meetingheld in Malta. During this one-day meeting, wereviewed their numbering system, the structu-re of the ISIN and CFI codes and assistedthem in the coordination of the subsequentsteps to be followed in the implementation ofthe Standards ISO 6166 and ISO 10962 withintheir market.

These meetings were very productive andreinforced our conviction that Regional Groupsare of great importance for easing the processtowards the adoption of numbering systems.

We are still working hard to get one of ourmain objectives in ALARG: to reach full repre-sentation in ANNA through the designation ofNNAs in all the countries of the region.

To achieve this purpose, Caja is working sideby side with the capital market institutions ofdifferent Latin American jurisdictions.

In line with this, during the Singapore Meeting,Bolsa de Valores Nacional, the Numbering

Agency for Guatemala, was accepted as anew ANNA Partner.

Moreover, during the ACSDA Leadership Fo-rum held in Santiago de Chile, Caja had theopportunity to interact with the representativefrom Bolsa de Valores de Montevideo, theUruguayan Stock Exchange, noting the impor-tance and advantages related to the designati-on of an NNA for that country. As the repre-sentatives from Bolsa de Montevideo becamevery interested in this project, and requestedmore information, Caja hosted a meeting inAugust last year.

Finally, CEVALDOM, The Dominican RepublicNNA, has already started allocating ISINCodes, and feeding the ASB database. Noproblems were found during the hand-overprocess with the SNA (CUSIP S&P).

Caja de Valores is looking forward to conti-nuing assisting the Regional NNAs in develo-ping and implementing ISIN and CFIs withinLatin America.

Eliana Sanchez Convenor of ALARG

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Caja de Valores S.A.Ms Rosana Verdi, Ms Eliana SánchezMr Haroldo Merodio, Dr. Martín Paladi-no25 de Mayo 362 – 1er SubsueloC1002ABH – Buenos AiresARGENTINATelephone: (54) 11 43 17 89 52Telefax: (54) 11 43 17 89 99E-Mail: cvsa.anna@cajval.sba.com.ar

Australian Stock ExchangeMs Karen WebbP.O. Box H224/Australia SquareSydney NSW 2000AUSTRALIATelephone: (612) 9227 0445Telefax: (612) 9227 0808E-Mail: Karen.Webb@asx.com.au

Oesterreichische Kontrollbank AGMr Gerald KraftStrauchgasse 1-31010 Vienna AUSTRIATelephone: (43) 1 531 27 2245Telefax: (43) 1 531 27 4030E-Mail: gerald.kraft@oekb.at

CJSC „National Depository Center“Mr Bakhtiyar Azizov19, Bul-bul AvenueBaku AZ 1000REPUBLIC OF AZERBAIJANTelephone: +99 412 498 7303Telefax: +99 412 5983550

SIX Telekurs BelgiumMr Dirk van TongelenPleinlaan 91050 - BrusselsBELGIUMTelephone: (32) 2 790 05 61E-Mail: dirk.vantongelen@telekurs.be

Euroclear Bank S.A./N.V.Mr Dan Kuhnel33 Cannon StreetLondon EC4M 5SBUNITED KINGDOMTelephone: (44) 207 849 0553Telefax: (44) 207 849 0132E-Mail: dan.kuhnel@euroclear.com

BM&F – BOVESPAMs Cristiana PereiraListings and Issuer Relations ExecutiveOfficerRua XV de Novembro, 275 – 5th Floor01013-001 Sao Paulo-SpBRAZILTelephone: (55) 11 2565 6150Telefax: (55) 11 2565 7151E-Mail: cpereira@bovespa.com.br

Central Depository of BulgariaMs Vesela Peneva10, Tri Usmi Str.1303 – SofiaBULGARIATelephone: (359) 9391986 Telefax: (359) 939 1998E-Mail: V.Peneva@csd-bg.bg

Czech National BankMs Jana OkrouhlaNa Prikope 28115 03 Praha 1CZECH REPUBLICTelephone: (420) 224 412 423Telefax: (420) 224 412 572E-Mail: jana.okrouhla@cnb.cz

VP Securities ServicesMr Niels W. HougaardP.O. Box 40402300 Copenhagen SDENMARKTelephone: (45) 43 58 8888Telefax: (45) 43 71 20 03E-Mail: nwh@vp.dk

MISR for Clearing, Depository& Registry (MCDR)Mr A. Magid Makram70, El Gomhoria St.P.O. Box 1536 – AttabaCairoEGYPTTelephone: (20) 2 597 1639Telefax: (20) 2 597 1656E-Mail: a.makram@mcsd.com.eg

NASDAQ OMX Tallinn / Estonian CSD Mr. Mait KivimetsTartu Mnt. 2, 14 Floor10145 TallinnESTONIATelephone: (372) 640 8800Telefax: (372) 640 8801E-Mail: mait.kivimets@nasdaqomx.com

Euroclear FinlandMr Kimmo KoskinenRegistration OfficerUrho Kekosen Katu 5 CP.O. Box 111000101 HelsinkiFINLANDTelephone: (358) 20 770 6510Telefax: (358) 20 770 6658E-Mail: kimmo.koskinen@euroclear.eu

Euroclear FranceMr Frédéric GermainDirecteur des Opérations115, Rue Réaumur75081 Paris Cedex 02FRANCETelephone: (33) 1 55 34 56 03Telefax: (33) 1 48 15 59 28E-Mail: frederic.germain@euroclear.com

Bourse de Valeurs Mobilières de l´Afrique CentralMr. Frédéric Yifomnjou PouamounHead of Central DepositoryPlace de l´Indpéndence - BP 2156LibrevilleGABONTelephone: +241 77 48 45Telefax: +241 77 38 95E-Mail: Yifomnjou@yahoo.fr

CDS Clearing and DepositoryServices Inc.Mr Mark Fabricius85, Richmond Street WestToronto, Ontario M5H 2C9CANADATelephone: (1) 416 365 8575Telefax: (1) 416 365 7691E-Mail: mfabricius@cds.ca

Depósito Central de ValoresMr. Fernando Yáñez GonzálezChief Executive OfficerAv. Apoquindo 4001, Piso 12SantiagoCHILETelephone: (56) 2 393 9010Telefax: (56) 2 393 9015E-Mail: fernando.yanez@dcv.cl

China Securities RegulatoryCommissionMs Cheng Li1019 RoomFocus Place A Dept.19 Jin Rong StreetXi Cheng DistrictBeijing 100033P.R. CHINATelephone: (86) 10 88060200Telefax: (86) 10 88061314E-Mail: chengli@csrc.gov.cn

DECEVAL S.A.Mr Jorge Hernán Jaramillo OssaCarrera 10 No. 72-33 piso 5BogotáCOLOMBIATelephone: (571) 37 65 460 Ext. 1742Telefax: (571) 3459949 E-Mail: jhjaramillo@deceval.com.co

Central de Valores – CEVALMr José Rafael Brenes VegaP.O. Box 17361000 San JoséCOSTA RICATelephone: (506) 204 4910Telefax: (506) 204 4920E-Mail: jbrenes@bolsacr.com

Central Depository and ClearingCompanyMs Vesna ZivkovicGeneral ManagerHeinzelova 62 A10000 ZagrebCROATIATelephone: (385) 1 46 07 330Telefax: (385) 1 46 77 696E-Mail: skdd@skdd.hr

Cyprus Stock ExchangeMr Nondas MetaxasGeneral ManagerLordou Vironos Avenue N° 71-731096 NicosiaCYPRUSTelephone: (357) 22 712 300Telefax: (357) 22 570 308E-Mail: info@cse.com.cy

List of members by COUNTRY as per May 2010

www.anna-web.com 17

WM DatenserviceMr. Markus HeerManaging DirectorDuesseldorfer Strasse 1660329 Frankfurt am MainGERMANYTelephone: (49) 69 27 32 242Telefax: (49) 69 23 99 72E-Mail: m.heer@wmdaten.com

Hellenic Exchanges S.AMs Dimitra TsampourianouHead of Issuer Support and ListingDept.110 Athinon Avenue104 42 AthensGREECETelephone: (30) 210 33 66 446Telefax: (30) 210 33 66 670E-Mail: d.tsampourianou@helex.gr

Hong Kong Exchanges and ClearingLtdMr Henry Law10/F, One International Finance Centre1 Harbour View Street – CentralHong KongHONG KONGTelephone: (852) 2522 11 22Telefax: (852) 2868 4084E-Mail: info@hkex.com.hk

KELER – Central Clearing House andDepository (Budapest) Ltd. Mr. György DudasAsboth u. 9-111075 Budapest HUNGARYTelephone: (36) 1 483 6116Telefax: (36) 1 342 3539E-Mail: dudas.gyorgy@keler.hu

NASDAQ OMX / Icelandic SecuritiesDepositoryMr. Sigurdur ÓlafssonLaugaveg 182Reykjavik 105ICELANDTelephone: (354) 540 55 00Telefax: (354) 540 55 19E-Mail: so@vbsi.is

Securities and Exchange Board of IndiaMr J. N. Gupta – Executive DirectorPlot No C4-A, »G” Block, Bandra KurlaComplexBandra (East)Mumbai 400 051INDIATelephone: (91) 22 26 44 99 90Telefax: (91) 22 26 44 90 18E-Mail: jng@sebi.gov.in

PT Kustodian Sentral Efek IndonesiaMs Dian Kurniasarie Head of Research DepartmentJakarta Stock Exchange BuildingTower 1, 5th FloorJl. Jend.Sudirman Kav. 52-53Jakarta 12190INDONESIATelephone: (62) 21 529 91043Telefax: (62) 21 529 91052E-Mail: dian@ksei.co.id

Tehran Securities ExchangeTechnology Management CompanyMr Houman FarajollahiInternational RelationNo 2, 6th St; Sarafraz St; Beheshti AveTehranIRANTelephone: (98) 21 2222 0062Telefax: (98) 21 2222 0088E-Mail:houman.farajollahi@tsetmc.com

The Irish Stock ExchangeMr James FergusonHead of Operations28 Anglesea StreetDublin 2IRELANDTelephone: (353) 1 617 4200Telefax: (353) 1 677 6045E-Mail: james.ferguson@ise.ie

Tel-Aviv Stock ExchangeMr Robby Goldenberg54 Ahad Ha’am St.Tel-Aviv, 65202ISRAELTelephone: (972) 3 567 76 60Telefax: (972) 3 560 70 78E-Mail: robbyg@tase.co.il

Banca d´ItaliaMr Mario PalazzoCentro Donato MenichellaLargo Guido Carli 100044 FrascatiITALYTelephone: (39) 06 479 24041Telefax: (39) 06 479 28542E-Mail: mario.palazzo@bancaditalia.it

Tokyo Stock ExchangeMr Michinori YadaHead of Information Products2-1, Nihombashi - Kabuto-ChoChuo-Ku/Tokyo 103-8220JAPANTelephone: (81) 3 3666 0141Telefax: (81) 3 3663 0626E-Mail: sicc@tse.or.jp

Securities Depository Center ofJordanMr Samir JaradatChief Executive OfficerP.O. Box 212465Amman 11121JORDANTelephone: (962) 6 567 2550Telefax: (962) 6 567 2622E-Mail: ceo@sdc.com.jo

Korea Exchange - KRXMr Jung Min SuhAssociate Bond Listing Team33, Yoido-Dong, Youngdeungpo-GuSeoul 150 - 977KOREATelephone: (822) 3774 8684Telefax: (822) 6234 2102E-Mail: listing2@krx.co.kr

Kuwait Clearing CompanyMr Ibrahim Al QadhiP.O. Box 22077Safat – 13081KUWAITTelephone: (965) 2246 7867Telefax: (965) 2246 9457E-Mail: info@maqasa.com

NASDAQ OMX Riga & Latvian Central DepositoryMr Raitis VancansHead of Clearing and Settlement,Member of the Management BoardValnu Iela 1Riga, LV 1050LATVIATelephone: (371) 67 212 431Telefax: (371) 67 229 411E-Mail: raitis.vancans@nasdaqomx.com

MidclearMr Fouad El KhouryPresident of the BoardSanayeh – Centre Aresco – 15th Floor; Justinien StreetB.P. 11-7971BeirutLEBANONTelephone: (961) 1 74 95 94Telefax: (961) 1 347 956E-Mail: fkhoury@midclear.com.lb

Libyan Stock Market Mr. Suliman S. Alshahoumy Chairman of Board of Directors andGeneral ManagerBenghazi - Islamic Building CenterAlshatea Street Hai Aljazeera (Juliana) LIBYATelephone: (218) 21 336 5050 Telefax: (218) 21 336 5025 E-Mail: alshahomy@lsm.gov.ly

Central Securities Depository ofLithuaniaMr Saulius BudzinauskasVice PresidentKonstitucijos pr. 2308105 VilniusLITHUANIATelephone: (3705) 263 85 15E-Mail: SauliusB@csdl.lt

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Clearstream BankingMr Arnaud DelestienneHead of International Markets Manage-ment42, Avenue JF Kennedy1855 LuxembourgLUXEMBOURGTelephone: (352) 243 3 2119Telefax: (352) 243 63 2119E-Mail: arnaud.delestienne@clearstream.com

Central Securities Depository ADSkopjeMr Stevan SapceskiGeneral ManagerKuzman Josifivski Pitu 11000 SkopjeREPUBLIC OF MACEDONIATelephone: (389) 2 3299 800Telefax: (389) 2 3227781 E-Mail: sapceskis@cdhv.org.mk

Bursa MalaysiaMs Jothimani K. MuniandyHead Research & External Affairs8th Floor, Exchange SquareBukit Kewangan50200 Kuala LumpurMALAYSIATelephone: (603) 2034 7350Telefax: (603) 2026 3661E-Mail: jothimani@bursamalaysia.com

Malta Stock ExchangeMs Stephanie GaleaGarrison ChapelCastille PlaceValletta CMR01MALTATelephone: (356) 21244051Telefax: (356) 25696316 E-Mail: sgalea@borzamalta.com.mt

S.D. Indeval, SA de C.V.Mr Arturo NavarroPaseo de la Reforma N°255 - 3 PisoCol. CuauhtemocMéxico 06500 D.F.MEXICOTelephone: (5255) 53 42 96 70Telefax: (5255) 57 26 67 83 E-Mail: anavarro@indeval.com.mx

Central Depository Agency ofMontenegroMr Miomir JovanovicDeputy CEONovaska Miloseva bb81000 PodgoricaMONTENEGROTelephone: (382) 81 23 17 55Telefax : (382) 81 23 17 53E-Mail: miomirj@t-com.me

MaroclearMr Rachid HaboubSecretary GeneralRoute d’El Jadida18 Cité LaiaCasablanca 20200MOROCCOTelephone: (212) 22 98 31 31Telefax: (212) 22 99 44 64E-Mail: haboub@maroclear.com

Euroclear NederlandMr Peter BakkerHerengracht 459 - 4691000 GD AmsterdamTHE NETHERLANDSTelephone: (31) 20 552 1588Telefax: (31) 20 552 1531E-Mail: peter.bakker@euroclear.com

Central Securities Clearing SystemLtdDr. Onyewuchi C. AsinobiManaging Director / CEO2/4 Customs Street, Off MarinaLagosNIGERIATelephone: +234 1 2668594Telefax: +234 1 2664058E-Mail: chikeasinobi@yahoo.com

VPSMs Vigdis DiesenP.O. Box 40051 OsloNORWAYTelephone: (47) 22 63 52 86Telefax: (47) 22 63 52 00E-Mail: vig@vps.no

Muscat Depository & SecuritiesRegistration Co.Mr. Abdulla A. Suliman Al-NabhaniGeneral ManagerP.O. Box 952 - PC. 112RuwiSULTANATE OF OMANTelephone: (968) 24 82 22 22Telefax: (968) 24 81 74 91E-Mail: Azza@msm.gov.om

Central Depository Co. of Pakistan Ltd.Mr Aftab Diwan – Chief Operating Of-ficerKarachi Stock Exchange BuildingStock Exchange RoadKarachi – 74400PAKISTANTelephone: (9221) 241 5844Telefax: (9221) 241 7728E-Mail: aftab_diwan@cdcpak.com

Bolsa de Valores de Panamá, S.A.Ms Myrna E. PalomoDeputy General ManagerP.O. Box 0823-00963Panamá 7REPUBLIC OF PANAMATelephone: (507) 269 1966Telefax: (507) 269 2457E-Mail: mepalomo@panabolsa.com

Bolsa de Valores de LimaMr Francis StenningGeneral ManagerPasaje Acuna 106 - AP 1538Lima 100PERUTelephone: (51) 1 619 3333Telefax: (51) 1 619 3350E-Mail: fstenning@bvl.com.pe

Philippine Stock Exchange, Inc.Ms Rachelle Blanch2/F PSE Centre, Exchange RoadOrtigas Centre, Pasig City 1605Metro ManilaPHILIPPINESTelephone: (632) 688 7688Telefax: (632) 634 50 31E-Mail: rcblanch@pse.com.ph

National Depository for SecuritiesKDPW S.A.Dr Iwona SrokaPresident & CEO4, Ksiazeca Street00-498 WarsawPOLANDTelephone : (48) 22 53 79 353Telefax : (48) 22 62 73 112E-Mail: kdpw@kdpw.pl

InterbolsaMr Jyrki LeppanenAvenida da Boavista, 34334100-138 PortoPORTUGALTelephone: (351) 22 615 84 00Telefax: (351) 22 610 30 29E-Mail: jtl@interbolsa.pt

Depozitarul Central S.A. (RomanianCentral Depository)Ms Adriana TanasoiuGeneral Manager & CEO25 Fagaras StreetBucharest 1ROMANIATelephone: (40) 21 408.58.38Telefax: (40) 21 408.58.14E-Mail: roclear@roclear.eu

The National Depository Center(NDC)Mr Eddie AstaninCEO13, bld. 1, Mashkova St.105062 MoscowRUSSIATelephone: (7095) 232 5573Telefax: (7095) 956 09 38E-Mail: astanin@ndc.ru

Saudi Stock Exchange - TadawulMr Ayed Al-Ayed Head of Research and DevelopmentDept. P.O. Box 60612Riyadh 11555SAUDI ARABIA Telephone: (966) 1 218 9121Telefax: (966) 1 218 9133 E-Mail: Ayed.ayed@tadawul.com.sa

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Central Securities Depository andClearing House of SerbiaMs Vida UzelacTrg Nikole Pasica No 5BelgradeREPUBLIC OF SERBIATelephone: (381) 11 3331 380Telefax: (381) 11 3331 381E-Mail: vida.uzelac@crhov.rs

Singapore Exchange Ltd.Mr Lai Kok Leong Vice President & Head, Data Services,Market Services Group 2 Shenton Way # 19-00SGX Centre 1Singapore 068804SINGAPORETelephone: (65) 623 683 44Telefax: (65) 653 664 95E-Mail: lai@sgx.com

Central Securities Depository SR, Inc.Ms Dagmar KopunkovaUl. 29. Augusta 1/A814 80 BratislavaSLOVAKIATelephone: (421) 2 5939 5125Telefax: (421) 2 5296 8755E-Mail: sekretariatGR@cdcp.sk

KDD – Central Securities Clearing Corp.Mr Iztok KlemencTivolska Cesta 481542 LjubljanaSLOVENIATelephone: (386) 5614 88 27Telefax: (386) 5614 88 59E-Mail: iklemenc@kdd.si

JSE LtdDr Jannie ImmelmanSenior General Manager Listing DivisionPrivate Bag X991174Sandton 2146SOUTH AFRICATelephone : (27) 11 520 7702Telefax : (27) 11 520 8702E-Mail : janniel@jse.co.za

Comisión Nacional del Mercado de Valores (CNMV) Mr José M. AlonsoC/ Marqués de Villamagna, 328001 MadridSPAINTelephone: (34) 91 585 1537Telefax: (34) 91 585 1630E-Mail: alonso@cnmv.es

Colombo Stock ExchangeMr Rajeeva BandaranaikeAssistant General Manager - Clearing &Settlement # 4-01 West BlockWorld Trade Center Echelon SQColombo 00100SRI LANKATelephone: (94) 11 23 56 430Telefax: (94) 11 24 40 396E-Mail: rajeeva@cse.lk

Euroclear Sweden ABMs Annette NyströmManager Operations - Account & AssetBox 7822103 97 StockholmSWEDENTelephone: (46) 8 402 91 12Telefax: (46) 8 20 46 91E-Mail: annette.nystrom@euroclear.eu

SIX Telekurs LtdMr Nourredine YousMember of Senior ManagementPostfach 80218005 ZurichSWITZERLANDTelephone: (41) 1 279 5450Telefax: (41) 1 446 7122E-Mail: nourredine.yous@six-group.com

Taiwan Stock Exchange CorporationMs Rebecca ChenSenior Vice President of Trading Dept.10/F – 7, Xinyi Road, Section 5TaipeiREPUBLIC OF CHINA (TAIWAN)Telephone: (886) 2 8101 3021Telefax: (886) 2 8101 3683E-Mail: 0047@twse.com.tw

Thailand Securities Depository Co,Ltd.Mrs Kongkeaw PiamduaythamThe Stock Exchange of Thailand Buil-ding62, Rachadapisek Road, KlongtoeyBangkok 10110THAILANDTelephone: (66) 2229 2900Telefax: (66) 2654 59 15E-Mail: contact.tsd@set.or.th

SticodevamMr Maher ZouariGeneral Manager92-94, Avenue Hédi Chaker (8th Floor)1002 Tunis BelvédèreTUNISIATelephone: (216) 71 286 211Telefax: (216) 71 286 842E-Mail: maher.zouari@sticodevam.com

TakasbankMs Filiz Kaya – Head of Intl. DeptMerkez Mah. Merkez Cad. N° 6Sisli 34381 – IstanbulTURKEYTelephone: (90) 212 315 2187 Telefax: (90) 212 315 2214E-Mail: fkaya@takasbank.com.tr

National Depository of UkraineMs. Olga DolgopolovaDirector of Numbering Department3, B. Grinchenka Str.Kiev 01001UKRAINETelephone: (38044) 279 1278Telefax: (38044) 279 6075E-Mail: number@ndu.gov.ua

Securities & Commodities Authority –ESCAMr Abdullah Salem Al-TurifiP.O. Box 33733Hamdan StreetAbu DhabiUNITED ARAB EMIRATESTelephone: (971) 2 627 7888Telefax: (971) 2 627 4600E-Mail: obaidshz@sca.ae

London Stock ExchangeMr Terry Allison10 Paternoster SquareLondon EC4M 7LSUNITED KINGDOMTelephone: (44) 207 797 1924Telefax: (44) 207 410 6848E-Mail: tallison@londonstockexchange.com

Standard & Poor’sCUSIP Global ServicesMr Jim Taylor55 Water Street, 45th FloorNew York/N.Y. 10041UNITED STATES OF AMERICATelephone: (1) 212 438 4007Telefax: (1) 212 438 6581E-Mail:jim_taylor@standardandpoors.com

Bolsa de Valores de Caracas, C.A.Mr Enrique RosalEdificio Atrium – Calle SorocaimaEntre Av. Tamanaco y Av. VenezuelaA.P. 62724 – A El Rosal1000-A-CaracasVENEZUELATelephone: (58) 212 905 5703Telefax: (58) 212 905 5721E-Mail: erosal@bolsadecaracas.com

ANNA Secretariat c/o WM DatenserviceMr Uwe MeyerDuesseldorfer Strasse 1660329 Frankfurt am MainGERMANYTelephone : (49) 69 27 32 226Telefax : (49) 69 27 32 7226E-Mail: secretariat@anna-web.com

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Appendix A: ISO 6166 – an outline of the standard

Securities - International securities identifi-cation numbering system (ISIN)

Introduction The standard provides a uniform structure for anumber, known as the ISIN, that uniquely iden-tifies securities. It details organisations, knownas National Numbering Agencies (NNA’s) thatare responsible for issuing the ISIN in eachcountry. In those countries where no NNA is inoperation, three NNA’s have agreed, on a re-gional basis, to act as Substitute NumberingAgency (SNA). Details of these are included inAppendix C. The following NNAs are designa-ted as SNA:– CUSIP Service Bureau (US) for the Americas– Wertpapier-Mitteilungen (Germany) for Eas-

tern Europe, Asia-Pacific and Africa– National Depository Center NDC (Russia) for

countries of AECSD (Association of EurasianCentral Securities Depositories) providedagreement has been given by the Supervizo-ry Authorities of respective countries

– Telekurs Finanz (Switzerland) for remainingcountries

ISINISIN consists of a total of 12 characters as follows:

The first two digits are reserved for the alpha-2country code as issued in accordance with theinternational standard ISO 3166 of the countrywhere the issuer of securities, other than debtsecurities, is legally registered or where it hasits legal domicile. For debt securities, the rele-vant country is the one of the ISIN – allocatingNNA. In the case of depository receipts, suchas ADRs, the country code is the one of the or-ganisation who issued the receipt instead ofthe one who issued the underlying security.

The next nine digits are taken up by the localnumber of the security concerned. Where thenational number consists of fewer than ninecharacters, zeros are inserted in front of thenumber so that the full nine spaces are used.

The final space is a check digit computed ac-cording to the modulus 10 “Double-Add-Dou-ble” formula.

Who issues the ISIN In the case of securities, other than debt secu-rities, where a NNA recognised by ANNA ope-rates, this organisation issues the ISIN for se-curities whose issuer is registered or domiciledin the country where the NNA operates. Fordebt securities the NNA who issues the ISIN is

either one of the international securities clea-ring organisations or the responsible NNA inaccordance with ISO 6166.

ISIN structurew w Country code

2 digitsalphabetical

w w w w w w w w w NSIN*9 digitsalpha-numerical

w Check digit1 digit numerical

*National Securities Identification Number

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Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

1. Introduction The standard ISO 6166 describes the structureof the ISIN codes and which organizations areallowed to allocate ISIN codes to which secu-rities.

The aim of the guidelines is to obtain a uni-form process among the various NationalNumbering Agencies for the allocation of ISINcodes.

This document is a live document which shallbe reviewed periodically.

1.1 General definition of fungibility Set of goods which are equivalent, substituta-ble, and interchangeable and which are not in-dividualized.

Since securities can be individualized by num-bers or through a registered form, we will usethe following definition.

1.2 Definition of fungibility in the securitiesindustry

Fungible means that a security ranks pari pas-su in all respects with a different version of thesame security and can be exchanged into theother form and vice versa at any time. Thefungible securities will be identified by oneISIN.

1.3 Rights potentially attached to fungiblesecurities

– Right to sell– Right to vote– Right to receive a payment (coupon,

redemption) on the same date– Right to participate in a corporate action

in the same way– Right for any holder to hold any form

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2. EXCEPTIONS

Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

2.1 Specific cases relating to Should the securities be considered as fungible in thisfungibility case?

2.1.1 Different market places YES, if the security is tradeable in different market places.

2.1.2 Rights difference between YES, if it is only a technical difference.different market places in Technical differences are already managed by depositories case of corporate action, and clearing organization for their deliveries.payment interest/dividends NO, if the securities are lodged in different codes to

distinguish the different rights between holders of the variousmarket places.

2.1.3 Subsequent tranches YES, if the securities have identical terms and may be used to settle trades in either tranches, forms or markets without any delay because of possible actions.

NO, in other cases until the assimilation.

2.1.4 Securities issued in bearer YESand registered form fullyexchangeable

2.1.5 Securities issued in bearer NOor registered form not fullyexchangeable

2.1.6 Change of issue from bearer NO, if the holder does not have the same rights until theto registered form or from exchange.registered to bearer form at the initiative of the issuer

2.1.7 Representative certificates YES, in France it is allowed to rematerialize French securities to bedelivered in some foreign countries. Euroclear France acts in sub-stitution to the issuer and in fact replaces the dematerialized secu-rities by a materialized form. Holders of representative certificateshave the same rights than the previous ones.

Where share certificates are issued, two general rules will apply:

NO, if dematerialized (i.e. German, Swiss, Dutch certificates) or materialized (i.e. IDR, ADR) secondary paper is issued.

YES, if no secondary paper is issued. An NNA may assign a “Dummy“ (i.e. “Q“ range of ISIN's) ISIN for use within their local market.

2.1.8 Corporate actions YES, if the securities confer to the new holders the same rights as to the previous ones (e.g. subscription of shares with the same rights as the old shares).

YES, if the securities confer to the new holders the same rights as to the previous ones (e.g. subscription of shares with the same rights as the old shares).

NO, if the new shares are not fully exchangeable or if anexchange or a future assimilation is required. Another code permits a distinction between the old and the new securities and the rights attached to those.

2.1.9 Partly paid/fully paid/nil paid NO, until the full payment if an additional payment is required.

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Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

2.2 Special cases relating to assignment rules

2.2.1 Allocation of ISIN's in terms Debt instruments cum and ex warrant(s) must be registered of debt instruments, issued separately by the depository bank. Accordingly, the financial with warrant(s) (i.e.cum of instruments should get at least 3 ISINs:technical cum) - 1 for the debt instrument cum warrant(s)

- 1 for the debt instrument ex warrant(s)- 1 for each warrant

N.B.: If several kinds of warrants are attached, the number of ISINs assigned increases accordingly. Moreover, ail the above ISINs have the same prefix as the one used for the related debt instruments as stipulated in ISO 6166.

2.2.2 Issues composed of both The assignment rules for international issues have beena domestic and an integrated in the fifth edition of the ISO 6166 standard.international tranches lf domestic and international tranches are not fungible, then two

ISINs should be assigned.- Criteria of non-fungibility: transfer restrictions- Domestic means: depot in one country upon issuance.

2.2.3 Partial reimbursement of There is no need to allocate new ISINs, even if the payment capital when repayment effects a change of denomination amount.equally to all holders atthe same time

2.2.4 Issues with different Sharesdenominations If different categories of shares were issued, then each value

should receive its own ISIN. If certificates consist of multiple of shares, only one ISIN should be assigned.

BondsOnly one ISIN for different denominations if fungible.

2.2.5 Taxable/Non-taxable Tax considerations may not affect the allocation rules of ISINs,securities if the securities are fungible.

Special case: Different tranches of Italian debt securities subject topro rata temporis taxation under the provisions of Legislative De-cree 239 of 1 April 1996 (LD 239/96) are only fungible, and can on-ly bear the same ISIN, if the issue price, redemption price, issuedate and redemption date to be used for tax purposes are identi-cal (e.g. through application of Article 11 (2) of LD 239/96).“

2.2.6 ISINs for rights ISINs should be allocated for rights (according to ISO 6166).

2.2.7 Depository receipts The rules for debt securities have to be applied.representing a debt security

2.2.8 Issues with 2 or more Tranches with different issue prices get different ISINs upon tranches issuance, but have to be assimilated after the first coupon

payment.

2.2.9 Warrants issued by foreign When such branches have no separate legal entity the ISIN-prefixbranches of banks will be the one of the headquarters country. If the branch is a se-

parate legal entity (i.e. within a specific local market), the countryof the branch should be considered for the allocation and the pre-fix accordingly (e.g. warrants issued by foreign bank branches).

2.2.10 Issues of the European Financial instruments issued by the European Union but not rela-Union ting to a specific EU country jurisdiction (e.g. European indices,

European interest rates etc.) would be allocated an ISIN with EU-prefix by WM Datenservice.

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Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

2.2.11 Preferred shares Preferred shares issued in unit form (that are being treated asdebt) will be assigned the relevant ISIN by the NNA located in theissuer’s country of incorporation and set up as equity.

Preferred shares issued in nominal form (that are being treated asdebt) will be assigned an XS ISIN (if being held directly with theICSDs) and set up as bond.

Preferred shares that are being treated as equity will be assignedthe relevant ISIN by the NNA located in the issuer’s country of in-corporation and set up as equity.

2.2.12 RegS/144A debt issues The RegS and/or 144A portion is deposited with a US CSD (only),it will bear the US prefix.

The RegS and/or 144A portion is deposited with EuroclearBank/Clearstream Banking, it will bear an XS-ISIN.

In case of a bifurcated structure or split note, a minimum of 2 andmaximum of 4 unique ISINs will be allocated by the relevant num-bering agency in accordance with the place of deposit as descri-bed in Annex A entitled "ISIN allocation rules for debt instrumentsissued under rule 144A and Regulation S” which forms an integralpart of these guidelines.

2.2.13 RegS/144A for warrants When RegS/144A rules apply to warrants they will exceptionallybear a US prefix without reference to the country of the issuer, asthis is normally the case for instruments referenced under the ca-tegory "Rights".

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3.1 Currencies

3.2 Indexes

3.3 Interest rates

3.4 Commodities

3.5 Traded Options

3.6 Financial Futures

The ISIN should bear the pre-fix of the issuer country in ca-se of sin-gle currency. ln caseof cross rates, the prefixshould correspond to the issu-er country of the fixed curren-cy of the ratio:

Stock exchange indexes: Theallocation of ISINs should oc-cur with the prefix of the do-micile of the exchange. Otherreferential indexes: The alloca-tion of ISINs should occur withthe prefix of the country of thecalculating agent.

Referential interest rates asdefined by term and currency,used in the financial sectorand calculated by financial in-stitutions.The ISIN should bear the pre-fix of the originator's country.

One ISIN per good and ex-change, even if several ex-changes exist in the samecountry. The different qualitydegrees within the same goodshould not be taken into ac-count.The description should includethe name of the concernedstock exchange (by means ofMIC-code).

Each contract defined by expi-ration month, striking priceand underlying instrumentswill get an ISIN. The ISIN getsthe prefix of the country of theexchange issuing the specificderivative instrument.

Each contract defined by expi-ration month, striking priceand underlying instrumentswill get an ISIN. The ISIN getsthe prefix of the country of theexchange issuing the specificderivative instrument.

Swiss Francs CH0002748082

FT-SE 100 Index GB0001383545IBEX 35 ES0SI0000005

6-Month MIBOR ES0S00000075PIBOR FR00039811333-Month LlBOR GB0009950436

Aluminium Alloy GB0009950659Five tons of ES0SM0032018 “Navel-Navelina“, 2-5 calibre, firstcategory, washed, unwaxed andpacked.

All contracts traded at the Euro-next.liffe should bear the prefix“GB“.

All contracts traded at the Euro-next.liffe should bear the prefix“GB“.

Example:

3. Financial Instruments other than Securities

Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

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Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

Event and Definition ISIN rules for paperless securities ISIN rules for physical certificates

4.1 Change of No change of ISIN for securities A new ISIN only if the old securitycountry already existing was exchanged for a new onedomicileDomicile ofcompanyheadquarterschangesto anothercountry

4.2 Merger ISINs of shares of the former ISINs of shares of the formerMerger by companies must become inactive companies must become inactiveabsorption: after a certain period after a certain periodOne of thecompaniesincorporatesthe other(s)which legallydisappear

Merger by A new ISIN has to be allocated for A new ISIN has to be allocated foramalgamation: the stock of the new company and the stock of the new company andThe two com- the former ISINs must become the former ISINs must becomepanies merge inactive inactiveto form a newlegal entity after N.B. In both cases, for bonds,a certain period a new ISIN is created only it the old

certificates are exchanged fornew ones

4.3 Assimilation The ISIN of the new stock has to The ISIN of the new stock has toEvent, which become inactive when old and new become inactive when old and newmakes the use shares become fungible unless a shares become fungible unless aof an existing re-use is planned re-use is plannedseparate ISINsuperfluous.For example:full dividendrights for newshares, call ofoutstandingamount on part-ly paid shares

4.4 Redemption The ISIN has to become inactive The ISIN has to become inactiveRepayment of after redemption date, unless the after redemption date, unless thecapital debt bonds are in default bonds are in defaultsecurities orredeemable N.B. For convertible bonds, at the N.B. For convertible bonds, at theshares (fully end of the conversion period, when end of the conversion period, whenredeemed) last conversion day is after the maturity last conversion day is after the maturity

4.5 BankruptcyForced liquida-tion of a com-pany – Full or partial compen- The ISIN has to become inactive The ISIN has to become inactivesation ofshare- after deletion of the company in after deletion of the company inholders/creditors the register of commerce the register of commerce

4. Consequences of corporate actions

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Event and Definition ISIN rules for paperless securities ISIN rules for physical certificates

– Discontinua- The ISIN has to become inactive The ISIN has to become inactivetion of the after deletion of the company in after deletion of the company inlegal the register of commerce the register of commerceproceedingsbecause of lack of assets

4.6 Change ofshare capitalChange ofissued capital(issued stock)of a company A new ISIN has only to be allocated A new ISIN has only to be allocated– Increase by for stocks with different rights for stocks with different rights

issue ofadditionalstock

– Increase by The ISIN code remains unchanged A new ISIN is required in case ofchange of exchange of the old certificatesthe nominalvalue

– Decrease by The ISIN code remains unchanged A new ISIN is required in case ofchange of exchange of the old certificatesthe nominalvalue

4.7 Liquidation The ISIN has to become inactive The ISIN has to become inactiveVoluntary dis- after deletion of the company in after deletion of the company insolvement of the register of commerce the register of commercea company

4.8 Change of – For shares: – For shares:name The ISIN code remains unchanged A new ISIN is allocated for shares Renaming of a except in the United States. in case of exchange of the old company certificates

– For debt securities: – For debt securities:The ISIN code remains unchanged If the bonds have to be exchanged except in the United States. for new certificates, the ISIN must

be changed.

4.9 Stock split The ISIN code is changed only if A new ISIN is required in case ofnecessary for technical reasons. exchange of the old certificates

4.10 Reverse split The ISIN code is changed only if A new ISIN is required in case of Consolidation necessary for technical reasons. exchange of the old certificates

4.11 Renewal of Not applicable. No new ISIN will be allocated in such coupons a case provided that the certificate

does not need to be exchanged.

Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

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Event Definition Allocation rules

4.12 Official In case of official stripping, the issue The ISIN should bear the prefix of the stripping designates the underlying issue as country in which the stripper is legally Separate eligible for stripping and appoints strip domiciled.trading of dealers.registeredinterest andprincipal of securities.

4.13 Unofficial Unofficial stripping are generally The ISIN should bear the prefix of the stripping issued by a Trust or SPV (special country in which the stripper is legally

purpose vehicle) which repackages domiciled.the underlying issue without the In this case, evidence of ownership is in the form of a certificate issued by the Trust or the SPV. The certificates are not the primary obligation of the issuer of the underlying security and in the event of default of the Trust or the SPV no claim can be made by certificate holders against assets of the issuer of the underlying bond in order to recoup their principal and interest.

5. RE-USE OF ISIN CODESAs a general rule, ISINs should never be re-used. Where this is unavoidable, such a re-use shall not oc-cur before expiration of a 10-Years-period following the inactivation of the ISIN (e.g. after the maturity da-te of bonds, or bankruptcy date of the issuer in case of shares for instance). This rule applies to all kindsof financial instruments, except for options, futures and other short term money market instruments forwhich the re-use may occur one year after the expiration date.

6. NUMBERING AGENCIES NOT IN LINE WITH THE GUIDELINESThe Letter of Understanding will govern all ISIN allocations. Should this not be possible for certain events,the long term goal should be to come in line with the guidelines as soon as practical.

7. BANKING INSTRUMENTS/FACILITIESAll banking instruments or facilities such as:– Bills for discount– Bank loans– Credit facilities (overdraft, revolving)– Documentary credits– Collection items, etc…are outside of the scope of the ISO-6166 standard and should not be identified by ISIN codes.

Appendix B: ANNA Guidelines for ISO 6166, Version 9, November 2006

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Appendix C: International Securities Identification Numbers (ISIN) Geographical division ofcountries among substitute agencies as per May 2010Countries which have a national numbering agency are in bold.

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

Afghanistan AF XThe transitional Islamic State of Afghanistan

Åland Islands AX X

Albania AL XPeople’s Socialist Republicof Albania

Algeria DZ XPeople’s Democratic Republicof Algeria

American Samoa AS X

Andorra AD X

Angola AO X Includes Cabinda LandanaPeople’s Republic of Angola

Anguilla AI X

Antarctica AQ X The territory of 60 south latitude

Antigua and Barbuda AG X Includes RedondaPrevious entry: Barbuda

Argentina AR XArgentine Republic

Armenia AM X

Aruba AW X

Australia AU X Includes Lord Howe Island, Commonwealth of Australia Macquarie Islands, Ashmore

and Cartier Islands

Austria AT XRepublic of Austria

Azerbaijan AZ X

Bahamas BS X Turks and Caicos not includedCommonwealth of the Bahamas

Bahrain BH XState of Bahrain

Bangladesh BD XPeople’s Republic of Bangladesh

Barbados BB X

Belarus BY X

Belgium BE XKingdom of Belgium

Belize BZ X

Benin BJ X Previous entry: Dahomey DYRepublic of Benin Numbering by Cote d’Ivoire

Bermuda BM X

Bhutan BT XKingdom of Bhutan

Bolivia BO XRepublic of Bolivia

Bosnia and Herzegovina BA X

Botswana BW XRepublic of Botswana

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Bouvet Islands BV X Also called BouvetoyaNumbering Agency is Norway

Brazil BR X Includes Rocas, Fernando de Federative Republic of Brazil Noronha Archipelago, Trinidad,

Ilhas Martim Vaz and San Pe-dro e Sao Paulo

British Indian Ocean Territory IO X Chagos Archipelago

Brunei Darussalam BN X

Bulgaria BG XPeople’s Republic of Bulgaria

Burkina Faso BF X Previous entry: Upper VoltaNumbering by Cote d’Ivoire

Burundi BI XRepublic of Burundi

Cambodia KH X

Cameroon CM X Previous entry: Cameroon, Republic of Cameroon United Republic of

Canada CA X

Cape Verde CV X Previous entry: Cape VerdeRepublic of Cape Verde Islands. Includes Boa Vista,

Brava, Fogo, Maio Sal, SantoAntao, Sao Nicolau, Sao Tiagoand Sao Vicente

Cayman Islands KY X Includes Grand Cayman, Cay-man Bracand Little Cayman

Central African Republic CF X

Chad TD X ISIN alloation by Central Republic of Chad African Republic

Chile CL X Includes Easter Island, Juan Republic of Chile Fernandez Islands, San Felix

and Sala y Gomez

China CN X See also Taiwan, People’s Republic of China Province of China

Christmas Island CX X Australian Christmas Island

Cocos (Keeling) Islands CC X

Colombia CO X Includes San Andres yRepublic of Colombia Providencia, Malpelo Islands,

Roncador Bk., Serrana Bk. andSerranilia Bk.

Comoros KM X Previous entry: Comoro Isl.Federal Republic of Comoros Includes Anjouan, Grande Co-

more Moheli and other Islands

CongoThe Democratic Republic of CD X

Congo CG X ISIN alloation by Central People’s Republic of the Congo African Republic

Cook Islands CK X

Costa Rica CR X Includes Cocos IslandsRepublic of Costa Rica

Cote d’Ivoire CI X Previous entry: Ivory CoastRepublic of Cote d’Ivoire

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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Croatia HR X

Cuba CU XRepublic of Cuba

Cyprus CY XRepublic of Cyprus

Czech Republic CZ X

Denmark DK XKingdom of Denmark

Djibouti DJ X Previous entry: French AfarsRepublic of Djibouti and Issas AI AFI

Dominica DM XCommonwealth of Dominica

Dominican Republic DO X

Ecuador EC X Includes Galapagos IslandsRepublic of Ecuador (Archipelago Colon)

Egypt EG XArab Republic of Egypt

El Salvador SV XRepublic of El Salvador

Equatorial Guinea GO X Includes Rio Muni, Bioko, Republic of Equatorial Guinea Annobon Corisco, Elobey Chi-

co and Elobey Grande;ISIN allocation by Central Afri-can Republic

Eritrea ER X

Estonia EE X

Ethiopia ET XPeople’s Democratic Republicof Ethiopia

Falkland Islands (Malvinas) FK X Includes West Falkland andEast Falkland, South Georgiaand South Sandwich Islands

Faroe Islands FO X

Fiji FJ X Includes Viti Levu and RotumaRepublic od Fiji Islands

Finland FI XRepublic of Finland

France FR XFrench Republic

French Guiana GF XDepartment of Guiana

French Polynesia PF X Includes Society Archipelago,Tuamotu Archipelago, Marque-zas Islands, Gambier Islands,Austral Islands and ClippertonIslands

French Southern Territories TF X Includes Kerguelen Islands,Amsterdam, St. Paul, CrozetIsland (ile des Apotres, ile auxCochons, ile de la Possesion,ile des Pinqouins, ile d l’Est)

Gabon GA X ISIN allocation by Central Gabonese Republic African Republic

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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Gambia GM XRepublic of Gambia

Georgia GE X

Germany, Federal Republic of DE – XX –

Ghana GH XRepublic of Ghana

Gibraltar GI X

Greece GR X Includes Aegean Islands, Hellenic Republic Ionian Islands, Dodecanese Is-

lands, Crete and Mount Athosautonomous area

Greenland GL X NNA via Denmark

Grenada GD X Includes Southern GrenadineIslands

Guadeloupe GP X Includes Grande Terre, BasseTerre, Marie Galante, Les Saintes, Iles de la PetiteTerre, Désirade, Saint Barthélé-my and NorthernSt. Martin

Guam GU X

Guatemala GT XRepublic of Guatemala

Guernsey GG X ISIN allocation by GB

Guinea GN XRepublic of Guinea

Guinea-Bissau GW X Numbering by Cote d’IvoireRepublic of Guinea-Bissau

Guyana GY XRepublic of Guyana

Haiti HT XRepublic of Haiti

Heard and McDonald Islands HM X

Holy See VA X(Vatican City State)

Honduras HN X Includes Swan IslandsRepublic of Honduras

Hong Kong HK X Also called Hisiangkang andXianggang

Hungary HU XRepublic of Hungary

Iceland IS XRepublic of Iceland

India IN X Includes Amindivis,Republic of India Laccadives, Minicoy, Andaman

Islands, Nicobar Islands and Sikkim

Indonesia ID XRepublic of Indonesia

Iran IR X Previous entry: IranIslamic Republic of Iran

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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Iraq IQ XRepublic of Iraq

Ireland IE X

Isle of Man IM x ISIN allocation by GB

Israel IL XState of Israel

Italy IT XItalian Republic

Jamaica JM X Includes Morant Cays and Pe-dro Cays

Japan JP X

Jersey JE X ISIN allocation by GB

Jordan JO XHashemite Kingdom of Jordan

Kazakhstan KZ X

Kenya KE XRepublic of Kenya

Kiribati KI X Includes Fanning Islands, Wa-shington Island and ChristmasIsland in the Line Islands, OceanIslands, Phoenix Island (Birnie,Gardner, Hull, McKean, PhoenixSydney, Canton and Enderbury)

Korea, Democratic People’s KP XRepublic of Korea

Korea KR XRepublic of Korea

Kuwait KW XState of Kuwait

Kyrgyzstan KG X

Lao People’s Democratic LA XRepublic

Latvia LV X

Lebanon LB XLebanese Republic

Lesotho LS XKingdom of Lesotho

Liberia LR XRepublic of Liberia

Libyan Arab Jamahiriya LY X Previous entry: LibyaSocialist People’s Libyan ArabJamahiriya

Liechtenstein LI X ISIN allocation by CHPrincipality of Liechtenstein

Lithuania LT X

Luxembourg LU XGrand Duchy of Luxembourg

Macao MO X Previous entry: Macao. Alsocalled Ao-men

Macedonia MK X

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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Madagascar MG XDemocratic Republic of Madagascar

Malawi MW XRepublic of Malawi

Malaysia MY X Includes Peninsular Malaysia,Sabah and Sarawak

Maldives MV XRepublic of Maldives

Mali ML X Numbering by Cote d’IvoireRepublic of Mali

Malta MT XRepublic of Malta

Marshall Islands MH X Previously part of entryRepublic of Marshall Islands Pacific Islands

Martinique MQ XDepartment of Martinique

Mauritania MR XIslamic Republic of Mauritania

Mauritius MU X Includes Rodriques, AgalegaIsland and Cargados Carajos

Mayotte YT X

Mexico MX XUnited Mexican States

Micronesia FM X Caroline Islands except the Federated States of Micronesia Palau Islands Group (Republic

of Palau). Includes Yap, Truk,Ponape, Kosrae. Previouslypart of the Pacific Islands entry

Moldova MD XRepublic of Moldova

Monaco MC X Numbering AgencyPrincipality of Monaco is France

Mongolia MN XMongolian People’s Republic

Montenegro ME X

Montserrat MS X

Morocco MA XKingdom of Morocco

Mozambique MZ XPeople’s Republic of Mozambique

Myanmar MM X Previous entry: Burma

Namibia NA XRepublic of Namibia

Nauru NR XRepublic of Nauru

Nepal NP XKingdom of Nepal

Netherlands NL XKingdom of Netherlands

Netherlands Antilles AN X Includes Aruba, Bonaire, Saba,Curaçao, St. Eustachius andSouthern St. Martin

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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New Caledonia NC X Includes Isle of Pines, LoyaltyIslands, Huon Islands, BelepArchipelago, Chesterfield Is-lands and Walpole

New Zealand NZ X Includes Antipodes Islands,Auckland Islands, Bounty Is-lands, Campell Island, Kerma-dec Islands, Chatham Islandsand Snares Islands

Nicaragua NI XRepublic of Nicaragua

Niger NE X Numbering by Cote d’IvoireRepublic of Niger

Nigeria NG XFederal Republic of Nigeria

Niue NU X

Norfolk Island NF X

Northern Mariana Islands MP X Includes Mariana IslandsMariana Islands except Guam. Previously part Commonwealth of the Northern of the entry Pacific Islands

Norway NO XKingdom of Norway

Oman OM X Includes Kuria Muria IslandsSultanate of Oman

Pakistan PK XIslamic Republic of Pakistan

Palau PW X Previously part of the entryRepublic of Palau Pacific Islands

Palastinian PS XTerritory, occupied

Panama PA XRepublic of Panama

Papua New Guinea PG X Includes Bismarck Archipelago, Louisiade Archipe-lago, Admiralty Islands, d’Entre-casteaux Islands, Northern So-lomon Islands (Bougainville, Bu-ka etc.), Trobriand Islands, NewBritain, New Ireland, Woodlarkand associated Islands

Paraguay PY XRepublic of Paraguay

Peru PE XRepublic of Peru

Philippines PH XRepublic of Philippines

Pitcairn PN X Includes Henderson, Ducie andOeno. Previous entry: PitcairnIsland

Poland PL XRepublic of Poland

Portugal PT XPortuguese Republic

Puerto Rico PR X

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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Qatar QA XState of Qatar

Réunion RE X Includes Ile Europa, BassasDepartment of Réunion da India, Juan de Nova,

Ile Glorieuse and Ile Tromelin

Romania RO X

Russian Federation RU X -XX-

Rwanda RW XRwandese Republic

Saint Barthélemy BL X

St. Helena SH X Includes Ascension, Gough Is-land, Inaccessible, NightingaleIslands and Tristan da Cunha

St. Kitts and Nevis KN X Previous entry:St. Kitts-Nevis-Anguilla

Saint Lucia LC X Previous entry: St. Lucia

Saint Martin MF X

St. Pierre and Miquelon PM XTerritorial entity of St. Pierreand Miquelon

Saint Vincent and the Grenadines VC X Includes Northern GrenadineIsland

Samoa WS X Previous entry:Independent State of Western SamoaWestern Samoa

San Marino SM XRepublic of San Marino

Sao Tome and Principe ST XDemocratic Republic ofSao Tome and Prinicipe

Saudi Arabia SA XKingdom of Saudi Arabia

Senegal SN X Numbering by Cote d’IvoireRepublic of Senegal

Serbia RS X

Seychelles SC X Includes Alphonse, Bijoutier,Republic of Seychelles St. François Islands, St. Pierre

Islet, Cosmoledo Island, Ami-rantes, Aldabra, Farquhar andDesroches

Sierra Leone SL XRepublic of Sierra Leone

Singapore SG XRepublic of Singapore

Slovakia SK X

Slovenia SI X

Solomon Islands SB X Includes Southern Solomon Is-lands primarily Guadalcanal,Malaita, San Cristobal, Santa Isabel, Choiseul

Somalia SO XSomalia Democratic Republic

South Africa ZA X Includes Walvis Bay, MarionRepublic of South Africa Island and Prince Edward Is-

land

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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South Georgia GS Xand the South Sandwich Iskands

Spain ES XKingdom of Spain

Sri Lanka LK XDemocratic SocialistRepublic of Sri Lanka

Sudan SD XRepublic of the Sudan

Suriname SR XRepublic of Surinam

Svalbard and Jan Mayen SJ X Includes Bear Islands.Islands (Bjornoy) NNA via Norway

Swaziland SZ XKingdom of Swaziland

Sweden SE XKingdom of Sweden

Switzerland CH – XX –Swiss Confederation

Syrian Arab Republic SY X

Taiwan TW X Includes Penghu (Pescadores)Republic of China Islands

Tajikistan TJ X

Tanzania TZ X Includes Zanzibar and PembaUnited Republic of

Thailand TH XKingdom of Thailand

Timor-Leste TL X

Togo TG X Numbering by Cote d’IvoireTogolese Republic

Tokelau TK X Previous entry: Tokelau Island

Tonga TO XKingdom of Tonga

Trinidad and Tobago TT XRepublic of Trinidad and Tobago

Tunisia TN XRepublic of Tunisia

Turkey TR XRepublic of Turkey

Turkmenistan TM X

Turks and Caicos Islands TC X

Tuvalu TV X Includes Funafuti, Nanumanga,Nui Nanomea, Nurakita, Niutao,Nukufetau, Nukulaelae and Vai-tupu

Uganda UG XRepublic of Uganda

Ukraine UA X

United Arab Emirates AE X

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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United Kingdom GB X Includes Orkney, Shetland United Kingdom of Great Britain Islands and Northern Ireland

United States US – XX –United States of America

United States Minor Outlying UM X Includes Baker Islands, JarvisIslands, Johnston Atoll, King-man Reef, Midway Islands, Pal-myra Islands and Wake Island.Previously partially covered bythe United States MiscellaneousPacific Islands (PU)

Uruguay UY XEastern Republic of Uruguay

Uzbekistan UZ X Substitute Numbering Agencyis Russia

Vanuatu VU XRepublic of Vanuatu

Vatican City State (Holy See) VA X

Venezuela VE XRepublic of Venezuela

Viet Nam VN X Previous entries: DemocraticSocialist Republic of Vietnam Republic of Vietnam (VD) and

Republic Vietnam

Virgin Islands (British) VG X Includes Anegada, Jost VanDyke Tortola and Virgin Gorda.Previous entry: British Virgin Is-lands

Virgin Islands (U.S.) VI X Includes Saint Croix, Saint Virgin Islands of the United John, Saint Thomas.States Previous entry: United States

Virgin Islands

Wallis and Futuna Islands WF X Includes Iles Wallis (Uvea) andIle de Hoorn (Futuna, Alofi)

Western Sahara EH X Previous entry: Spanish Sahara

Yemen, Republic of YE X

Zambia ZM XRepublic of Zambia

Zimbabwe ZW XRepublic of Zimbabwe

Substitute Agencies

CUSIPEntity (Short name in English) Alpha-2 Service WertpapierOfficial Name in English code Bureau Mitteilungen Telekurs NDC Russia Remarks

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Appendix D: ISO 10962 – outline of CFI-(Classification of financial instruments-)Code

The CFI code has been developed to adress a num-ber of problems which have concerned the financialcommunity in the past years. Among others the follo-wing problems have affected the financial communi-ty:

• lack of consistent and uniform approach togrouping financial instruments

• use of similar terminology for instruments having significantly different features in thedifferent countries

• inability to group securities in a consistent mannerleading to reports of holdings being categorizeddifferently.

The benefits of the new code are:• Definition and description for an internationally va-

lid system to classity financial instruments• provision of a set of codes to be used by all mar-

ket participants in an EDP environment and per-mission of electronic communication between par-ticipants

• improved understanding of the characteristics offinancial instruments resulting in to a better under-standing by investors.

The structure of the CFI code:The CFI reflects characteristics that are defined whena financial instrument is issued and remain unchan-ged during its entire lifetime. The CFI consists of six alphabetical characters: The first character indicates the highest level of clas-sification (categories).

Categories:Equities (E)Debt instruments (D)Entitlements (Rights) (R)Options (O)Futures (F)Others/Miscellaneous (M)

The second character indicates specific groupswithin each category:

Groups e.g. for equities:

SharesPreferred sharesConvertible preferred sharesUnits, i.e. unit trusts/mutual funds etc.OthersThe third to the sixth characters indicate the mostimportant attributes of each group:

Attributes e.g. for equities:Voting rightOwnership/transfer restrictionsPayment statusForm

Report on CFI developments Requests from some countries (such as the US andSwitzerland as well as from some industry organizati-ons) have required ISO TC68/SC4/WG6 to reconve-ne and discuss these requests for a possible revisionof ISO Standard 10962.

After 2 meetings in May and October 2005, WG6 ca-me up with some additions to some of the catego-ries, groups and attributes of the CFI.

The proposals for revision have been presented tothe members of ANNA and will now be circulatedamong the ISO members for voting. After approve-ment by the ISO member countries a revised newversion of the standard will be published.

The new version of the standard was voted positivelyby the ISO members and should therefore be publis-hed in a few months.

Main changes that will be introduced are:

Two new categories:

Structured Products (S)Referential instruments (T) such as currencies, com-modities, interest rates, indices

Some new groups will also be added for examplefor debt instruments:

Asset-backed securitiesMortgage-backed securitiesMunicipal bonds

Finally some attributes will be updated or addedunder the different groups to provide further granula-rity.

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CFI introduction (as of May 2010)Country CFI allocation since Planned forArgentina 2003Armenia ? We planed start during 2010 Australia ? 2011/2012Austria 1999Azerbaijan Apr 08Belarus 2008Belgium 1997Bolivia ? We will start when any user, institution or company request us to al-

locate. Brazil 1998Bulgaria 1997Canada 2008Chile 2005China ? ResearchingCosta Rica 2006Croatia 2001Cyprus 2007Czech Republic 1996Denmark 2002Egypt 2005El Salvador ? By the second semester of 2010Estonia 2000Finland 2000France 2005Gabon and CEMAC countries 2007Germany 1997Greece Nov. 2003Hong Kong 2005Hungary 2003Iceland Jan. 2005India ? under finalisation.Indonesia June 2008Iran Nov. 2006Ireland Dec. 2007Israel Dec. 2005Italy 2001Japan Jan. 2007Jordan Mar 2007Kenya 2004Korea 2002Kuwait 3rd quarter 2007Latvia 1997Lebanon ? In the near future.LibyaLithuania 2004Luxembourg March 2007 incl. XS-ISINs for which CB has allocated ISINMacedonia Jan. 2004Malaysia ?Malta Dec. 2006Mauritius Dec. 2004Mexico ? Indeval is planning to start at the end of the year 2010Montenegro Nov 07Morocco 2006Netherlands Dec 2008Nigeria 2008Norway 1999Pakistan ? We will review upon request. Currently there is no demandPanama 2005Peru ? No date fixedPhilippines ? Under study, no definite time being set to implement.Poland 1997Portugal 1997Romania 2003Russia 2001Saudi Arabia Oct. 2007Serbia Nov. 2001Singapore ? We are in the process of reviewing thisSlovakia 2001Slovenia 2004South Africa Mar 2008Spain 1997Sri Lanka ? No plans yetSweden ? when the new version is available.Switzerland 2001Syria ? we are currently study our CSD system to know the ability of the

system to put the CFI code and we will contact you ASAPTaiwan May 2006Thailand ?Tunisia 2003Turkey 2000UEMOA ? Maybe next yearUkraine 1999United Arab Emirates ? as a future stepUnited Kingdom 1999USA 1996Venezuela 2001Vietnam Jan 09International Clearing Systems:Euroclear/Clearstream June 2008

Appendix D: ISO 10962 – outline of CFI-(Classification of financial instruments-)Code