Network Capital Limited — Estate Account Opening Form

Estate Account Opening Form — Step 1

Estate Details and Legal Authority

ⓘ

This account is for administering investments belonging to a deceased person’s estate. All administrators/executors must complete KYC, and probate documentation must be verified before activation.

Application Role and Estate Identity

Applicant Role*

BeneficiaryAdministrator / ExecutorGuardian

Application Date*

Names of Administrators / Executors*

Name of Client / Estate*

Full Name of Deceased*

Deceased Date of Birth

Date of Death*

Nationality / Nationalities

Probate / Legal Authority

Authority Document Type*

Letters of AdministrationProbate / Last WillCourt Order

Probate / LA Reference Number*

Probate Registry / Court*

Date Issued*

Estate TIN / Tax ID

Upload Letters of Administration / Probate / Will*

⬆

Click to upload or drag and drop

PDF/JPG/PNG · Probate document will be verified

Upload Death Certificate*

⬆

Click to upload or drag and drop

Certified copy preferred

Upload Newspaper Publication / Obituary*

⬆

Click to upload or drag and drop

Clear publication page or obituary notice

Letter appointing Network Capital as Stockbroker*

⬆

Click to upload or drag and drop

Signed by all administrators/executors

Power of Attorney, if applicable

⬆

Click to upload or drag and drop

Required where another person is authorised to manage the estate account

Estate Account Opening Form — Step 2

Administrator / Executor 1 Details

Personal Details

Title*

Surname*

Other Names*

Date of Birth*

Gender*

MaleFemale

Marital Status

Nationality / Nationalities*

Place of Birth

State of Origin

LGA

Mother's Maiden Name*

Spouse Name, if applicable

TIN

Contact and Identification

Residential Address (Not P.O. Box)*

Mailing Address

Home Telephone

Office Telephone

Mobile*

Email Address*

Residence Permit No. (if applicable)

ID Type*

International PassportDriver's LicenceNational ID CardINEC Voter Card

ID Number*

Issue Date*

Expiry Date*

Place of Issue

Administrator 1 Passport Photograph*

⬆

Click to upload or drag and drop

Current clear passport photo

Administrator 1 ID Front*

⬆

Click to upload or drag and drop

Front of the valid identity document

Administrator 1 ID Back

⬆

Click to upload or drag and drop

Back of the valid identity document

Administrator 1 Proof of Address*

⬆

Click to upload or drag and drop

Utility bill, bank statement or rental agreement

Administrator 1 Signature Specimen*

⬆

Click to upload or drag and drop

Clear signed specimen

Estate Account Opening Form — Step 3

Administrator 1 Employment, Funds and Bank

Employment Details

Business / Occupation

Appointment Date

Business / Employer Name

Business / Employer Address

Approx. Annual Income

Currency

Estate Bank Account Details

⚠

Settlement proceeds should be paid only to the verified estate bank account or other account lawfully approved by the administrators and accepted by Compliance. Third-party payments are not permitted.

Bank Name*

Branch

Bank Account Number*

Nigerian bank account must be exactly 10 digits

Confirm Bank Account Number*

Bank Account Name*

Administrator 1 BVN*

BVN must be exactly 11 digits

Bank Sort Code

Bank Reference in the Name of the Estate*

⬆

Click to upload or drag and drop

Bank reference letter or banker confirmation

Estate Account Opening Form — Step 4

Additional Administrators / Executors

ⓘ

Where there is more than one claimant, administrator or executor, each person should provide KYC information, passport photograph, valid ID, proof of address and signature specimen.

Number of Administrators / Executors*

1234

Estate Account Opening Form — Step 5

Signature Mandate and Authorisation

Signature Mandate

How should mandates be executed?*

Sole SignatoryAny Two SignatoriesAll SignatoriesCustom Mandate

Mandate Wording*

Authorised Representatives

Representative 1 Name*

Designation *

Rep 1 Signature Specimen*

⬆

Click to upload or drag and drop

Signature image or signed specimen

Rep 1 Passport Photo

⬆

Click to upload or drag and drop

Optional if already uploaded

Representative 2 Name

Designation

Rep 2 Signature Specimen

⬆

Click to upload or drag and drop

Signature image or signed specimen

Rep 2 Passport Photo

⬆

Click to upload or drag and drop

Optional if already uploaded

Attestation

Accuracy Attestation

I/We attest that all information provided in this Estate Account application is true, accurate and complete. I/We undertake to notify Network Capital Limited immediately where any change occurs, including changes to administrators, executors, authorised representatives, contact details, bank details, mandate or legal authority.

Name, signature and date will be captured at submission / execution stage.

Estate Account Opening Form — Step 6

PEP, Investment Profile and Source of Funds

PEP and Political Position Checks

Are you a Politically Exposed Person or Affiliated with a Politically Exposed Person?*

YesNo

Are you a Politically Exposed Person or Affiliated with a Politically Exposed Person?*

YesNo

Investment Profile

Expected Initial Investment / Portfolio Value

Time Horizon

Risk Type

Would you like to create a NASD Account?

YesNo

Source of Funds / Estate Assets Explanation

Estate Account Opening Form — Step 7

Legal Disclosures, Indemnity, Terms and Charges

Declarations and Agreements

1. Risk Disclosure Statement

1. General Risk Warning: This document complies with NGX rules governing dealing members. The statement is not an exhaustive list of all risks of trading in the Nigerian Capital Market.

2. Nature of Risk: There are varying degrees of risk for different instruments. Do not invest unless you fully understand the risks involved and whether an investment is appropriate given your experience, objectives, financial resources, and all other conditions.

3. Capital Risk: An investor is at risk of losing 100% of their investment. Prices fluctuate, sometimes drastically. The value of a security may become insignificant and losses may be incurred rather than profits.

4. Currency Risk: Fluctuations in exchange rates may affect profit or loss in foreign currency denominated transactions.

5. Market Risk: Transactions in markets within and outside Nigeria may expose you to additional risks. Such markets may offer different or diminished investor protection.

6. Fee Awareness: Seek proper clarification of all fees commissions and charges before issuing a trading instruction. These will affect your net profit or increase your loss.

7. Execution Only: Network Capital Limited acts as an execution-only stockbroker and not a financial adviser. We only execute BUY and SELL mandates on the floor of the NGX.

Confirmation: I/We confirm that I/We have read and understood this Risk Disclosure Statement and any questions have been answered by Network Capital Limited to my/our satisfaction.

2. Electronic Instruction and Email Indemnity*

I/We request that Network Capital Limited may receive and act on properly authenticated instructions sent through the communication channels registered for this account. I/We acknowledge the operational risks of delay, interception, corruption, impersonation and unauthorised access, and undertake to notify Network Capital Limited immediately when a registered channel or device is compromised.

This indemnity applies only to electronic-instruction risk. It is not consent for marketing and does not waive rights that cannot lawfully be waived.

I/We accept the electronic-instruction and email indemnity terms stated above.

3. Terms and Conditions

Office Hours: 8:00 AM to 5:00 PM on each Business Day in Nigeria.

Market Hours: The market is open from 9:00 AM to 4:00 PM Nigeria time.

Mandate Deadline: Mandates received after the close of the market will be treated on the following market day.

Execution Only: Network Capital Limited executes mandates on a best-efforts basis. Network Capital Limited cannot guarantee execution on a particular day, even at the market price.

Settlement: The Nigerian market operates on T+1 settlement. Proceeds are credited to your registered bank account within one business day via CSCS Direct Settlement.

Fees: Brokerage is charged up to a maximum of 1.35%. SEC fee applies on purchases. NGX fee and CSCS fee apply on sales. Stamp Duty is 0.08%. CSCS Trade Alert is ₦6 per SMS alert. VAT applies only to applicable charge components as shown on the contract note.

AML Compliance: All transactions are subject to the Money Laundering (Prevention and Prohibition) Act 2022. Network Capital Limited is required to report suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU).

Payments: All deposits must come directly from the clients own bank account. Proceeds are paid only to the registered bank account on file. No third-party payments.

Confidentiality: The Client agrees to keep confidential any information about Network Capital Limited. Network Capital Limited will not divulge client information to any third party except as required by law.

Termination: Either party may terminate with 3 days written notice provided no outstanding transactions remain to be settled.

Governing Law: This agreement is governed by the Laws of the Federal Republic of Nigeria.

Amendment: The client agrees to be bound by any review changes or amendments to these terms from time to time.

I/We have read understood and agree to be bound by the Terms and Conditions of Network Capital Limited as stated above and as may be amended from time to time.

4. Privacy Notice Acknowledgement — Nigeria Data Protection Act 2023*

Network Capital Limited processes information required to assess and administer this account, comply with securities, anti-money-laundering and other legal obligations, execute transactions, manage risk, prevent fraud and provide requested services. The applicable lawful bases include contract, legal obligation and legitimate interests as described in the NETCAP Privacy Notice (version 2026-07).

The notice explains the information collected, purposes, recipients, cross-border safeguards where applicable, retention criteria and data-subject rights. Privacy enquiries, access, correction, restriction, objection, withdrawal or erasure requests may be sent to the Data Protection Officer at dpo@networkcapitalltd.com. A complaint may also be submitted through the Nigeria Data Protection Commission.

Required KYC and account-administration processing is not based on marketing consent. Regulatory retention or another lawful basis may limit immediate deletion.

I/We acknowledge that I/we have read the referenced Privacy Notice and understand the required processing described above.

Optional Marketing Preferences

These choices are optional, unticked by default and do not affect account-opening eligibility. I/We may withdraw or object at any time through the Data Protection Officer.

Email newsletters, investor education and service promotions SMS investor education and service promotions WhatsApp investor education and service promotions

Third-Party Information Notice*

Where I/we provide information about a next of kin, reference, representative, beneficiary or another person, I/we confirm that the person has been informed or will be informed using NETCAP's Third-Party Privacy Notice, unless a documented legal exception applies.

I/We confirm the third-party notice obligation stated above.

Applicable Charges

Applicable Charges - Equity Sales

Fee	Rate	Type
NGX Fee	0.3% of Consideration	STATUTORY
Brokerage Fee	Max 1.35% of Consideration	MAXIMUM
CSCS Trade Alert	₦6 per SMS alert	STATUTORY
Stamp Duty	0.08% of Consideration	STATUTORY
CSCS Fee	0.3% of Consideration	STATUTORY
VAT on Brokerage	7.5% of Brokerage	STATUTORY
VAT on NGX Fee	7.5% of NGX Fee	STATUTORY
VAT on CSCS Fee	7.5% of CSCS Fee	STATUTORY
VAT on CSCS Trade Alert	7.5% of CSCS Trade Alert	STATUTORY

Applicable Charges - Equity Purchases

Fee	Rate	Type
SEC Fee	0.3% of Consideration	STATUTORY
Brokerage Fee	Max 1.35% of Consideration	MAXIMUM
CSCS Trade Alert	₦6 per SMS alert	STATUTORY
Stamp Duty	0.08% of Consideration	STATUTORY
VAT on Brokerage	7.5% of Brokerage	STATUTORY
VAT on CSCS Trade Alert	7.5% of CSCS Trade Alert	STATUTORY

Charges are subject to statutory/regulatory changes and will be reflected on the contract note. Brokerage fee shown is the maximum permitted rate.

Estate Account Opening Form — Step 8

CSCS, Document Checklist and Authorised Review

CSCS Direct Settlement Account Setup

Pre-filled from estate and administrator details where available. Compliance should verify before submission to CSCS.

Account Name / Estate Name*

Date of Birth / Date of Death

Address*

Phone 1

Email

BVN

Bank Name

Bank Account Number

Bank Branch

Stockbroking Firm

Member Code

FOR AUTHORISED STAFF USE ONLY — completed after submission

Document Status Complete IncompleteRisk Rating: Low / Medium / High

CSO Name

CSCS A/C No.

Clearing House Number

Relationship Officer

Signature and Date

Compliance Approval

Signature and Date

Approving Officer

Signature and Date