Dear Client,

Moriah Global had another good month. For October it grew with 1.83% in USD, nett of all fees and for the year to date (ytd) 7.05%. In ZAR this is 6.32% for October, nett of all fees and for the year to date (ytd) 10.18%!

We expect good growth for at least the next 12 months.

Friendly greetings

Andre Delport