August 2018 Volume 1, No. 1 Newsletter Many Lives. Many Futures In this issue:

Member Statements Pg 1 Shares and Pg 1 Member Statements Dividends The management team is currently sharing updated member statements. For Data Migration Pg 1 members yet to receive their statements, we would like to assure you that these will be sent to your emails by 24th August 2018. Member Survey Pg 1 Going forward, we are committed to sending you quarterly statements of all Human Resource Pg 2 your accounts with the SACCO. Update Loan Guarantee Pg 2 Savings Shares And Dividends The Board of Directors had a conclusive closure of the valuation issue Deposits Pg 2 which in turn informs the SACCO’s current shareholding.

Investment Corner: Pg 2 As earlier communicated, following the share allocation, new share CiplaQCIL certificates will be circulated to all members. We will also send out revised statements reflecting dividends and bonuses once the audits for the period; October 1st to December 31st, 2017 are finalized.

Data Migration As Management works on finalizing the data migration for the new Management Information System (MIS) platform, MS Navision Dynamics 2016, we encourage those yet to submit their bio data forms, to update their membership information with the SACCO so that it’s correctly captured in the system.

This will enable us to serve you better and ensure better responsiveness to your needs.

Member Survey The management team and Board of Directors send their gratitude to all those that participated in the Customer satisfaction survey.

This survey was successfully closed and, in our endeavor, to offer better service delivery, your views and expectations of the SACCO will be taken into consideration.

1 SteadFin Newsletter June 2018 - Issue 1 Human Resource Update Kindly note that one of our staff, Mr. Alex Mulindwa resigned from the SACCO for greener pastures. We wish him all the best in his future endeavors.

Alex was serving as our Head of Operations. Any pending matters or requests for assistance that you wanted him to handle can be addressed to the CEO via email: bmukasa@ steadfin.com

We are also finalising the Head of Finance and Investment recruitment. The successful candidate will be announced soon.

Loan Guarantee Savings

To ensure equality and equity in service delivery to our membership, we encourage loan applicants to have at least 35% of the loan amount in savings. This aimed at promoting a savings culture in the SACCO and mitigating our credit risk.

Our Financial Advisors are ready to offer further guidance and financial advice on how best to achieve this.

Deposits Members are kindly reminded to notify us when they make direct bank deposits as this will allow us keep track and make timely updates to your accounts.

SteadFin SACCO Bank details are: Bank : BARCLAYS BANK (U) LTD Account name : STEADFIN SACCO LTD Account Number : 6005660058

Investment Corner: CiplaQCIL IPO

CiplaQCIL, a Ugandan-based pharmaceutical company that CiplaQCIL joins 16 other listed companies on the stock manufacturers antiretrovirals (ARVs) and artemisinin-based market, other Local companies on the bourse include combination therapies (ACTs) to combat malaria has been , Stanbic, Bank of Baroda, Group, listed on the Uganda Securities Exchange (USE). Cipla priced DFCU Bank, Uganda Clays, British American Tobacco its Initial Public Offering (IPO) at 256.5 shillings per share on Uganda and National Insurance Corporation. August 14th, with an implied equity value of US$ 250 – 280M, and 100% secondary split. SteadFin is ready to provide financing for qualified members that might be interested in this IPO. TIMETABLE: Date (2018) Activity Mon 13th Aug Share price and official prospectus released Aug 14 – 28 Purchase (Only two weeks) Fri Aug 10th Price and allocations announced For more information; Sept 20th Share Allotment please call: 0392002559 or email: [email protected] Sept 28th Trading Commences

2 SteadFin Newsletter June 2018 - Issue 1