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FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE ESTATE OF THE LATE

ANNE EXAMPLE

(IDENTITY NO. XXX) AND PAUL EXAMPLE (IDENTITY NO. XXX) TO WHOM THE DECEASED WAS MARRIED
IN COMMUNITY OF PROPERTY OF XXX, CAPE TOWN WHO DIED ON 13 JANUARY 2016

ESTATE NUMBER: 011118/2015

LIQUIDATION ACCOUNT

ASSETS

IMMOVABLE PROPERTY - AWARDED AS PER DISTRIBUTION ACCOUNT

ERF XX, SALT RIVER, CAPE TOWN (XXX, SALT RIVER), MEASURING 670
SQUARE METRES IN EXTENT 1 2,100,000.00 2,100,000.00

Held by T1111/XX

XXX, CAPE TOWN

CLAIMS IN FAVOUR OF THE ESTATE -

AWARDED AS PER DISTRIBUTION ACCOUNT

ABSA BANK BALANCED INVESTMENT NO: 0099 2 200,000.00

STANDARD BANK SAVINGS ACC: 9999 3 112,000.00 312,000.00

CLAIMS IN FAVOUR OF THE ESTATE - COLLECTED

ABSA BANK CURRENT ACC: 0000 4 50,000.00 50,000.00

TOTAL ASSETS R 2,462,000.00

LIABILITIES

ADMINISTRATION COSTS

Advertisement costs for creditors:

Government Gazette 5 40.60

Cape Times 6 625.86

Advertisement costs for Liquidation and Distribution account:

Cape Times 7 625.86
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Master's fees as per tariff 600.00

Executor's remuneration @ 3.50% on R2,462,000.00 86,170.00

VAT @ 14.00% on Executor's remuneration 12,063.80

CONVEYANCER - CONVEYANCING FEES 8 19,990.00 120,116.12

TOTAL LIABILITIES 120,116.12

ESTATE DUTY 0.00

BALANCE FOR DISTRIBUTION 2,341,883.88
R 2,462,000.00

RECAPITULATION STATEMENT

Total cash and assets collected as cash (assets 4) 50,000.00

Total administration expenses and claims 120,116.12

Cash shortfall to be paid by PAUL EXAMPLE 70,116.12

120,116.12 120,116.12

DISTRIBUTION ACCOUNT

Balance brought forward from Liquidation Account 2,341,883.88

SPECIAL BEQUESTS

To PAUL EXAMPLE (surviving spouse), Widower 1,150,000.00

ERF XX, SALT RIVER

CLAUSE 5 OF THE LAST WILL AND TESTAMENT
(Item No. 1) 1,050,000.00

ABSA BANK - BALANCED INVESTMENT NO: 0099

(Item No. 2) 100,000.00

THE RESIDUE

To PAUL EXAMPLE (surviving spouse)

A 1/2 share of the estate by virtue of the marriage in community of

property to the deceased 1,170,941.94

The residue of the estate in terms of the undermentioned Will 20,941.94

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In compliance with Regulation 5(1)(e)(iii) note that the above residue

awards consists of exactly the same assets listed below and is inherited
in the fraction indicated next to the heir's name above:

STANDARD BANK - SAVINGS ACC: 9999 (Item No. 3) 112,000.00

Cash shortfall -70,116.12

Surviving spouse's balance of special bequest(s) listed

above in terms of marriage in community of property to
the deceased 1,150,000.00

1,191,883.88

The above-mentioned awards are made in terms of the Last Will and
Testament of the Deceased dated 16 November 2015 and subject to any
conditions contained therein.

2,341,883.88 2,341,883.88

INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD 13 JANUARY 2016 TO 29 FEBRUARY 2016

None

FOR THE PERIOD 1 MARCH 2016 TO 14 MARCH 2016

None

FIDUCIARY ASSETS ACCOUNT

None

ESTATE DUTY

PLEASE NOTE: The calculations and the account number references below
are quoted as per the prescribed Estate Duty Return Form (Rev.267).

ACCOUNT 1

Total Assets as per FIRST AND FINAL Liquidation Account 2,462,000.00

LESS: Surviving Spouse's 1/2 share in terms of the marriage in community

of property 1,231,000.00 1,231,000.00

TOTAL OF ACCOUNT 1 R 1,231,000.00

ACCOUNT 2
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None

TOTAL OF ACCOUNT 2 R 0.00

ACCOUNT 3

Total Liabilities as per Liquidation Account 120,116.12

LESS: Surviving spouse's 1/2 share in terms of the

marriage in community of property 60,058.06

60,058.06 60,058.06
PLUS: Cash legacy(ies)/special bequest(s) accruing to the surviving spouse
(Section 4(q)) 1,150,000.00

A fraction of the residue/the residue is inherited by the surviving spouse

and requires detailed calculations:

Total of Account 1 of the Estate Duty Return 1,231,000.00

PLUS: Total of Account 2 of the Estate Duty Return 0.00

LESS: Liabilities as calculated above 60,058.06

GROSS DUTIABLE ESTATE: 1,170,941.94

LESS: Special bequests and cash legacies to all
beneficiaries 1,150,000.00

100% of residue (which excludes special bequests and

cash legacies) to surviving spouse 20,941.94

PLUS: Value of other assets/rights accruing to surviving spouse

(Section 4(q)) 20,941.94

NOTE: In terms of The Taxation Laws Amendments Act, No. 17 of 2009, the
Section 4A rebate is rolled over for use in the future estate of the surviving
spouse in this estate.

TOTAL OF ACCOUNT 3 1,231,000.00

SUMMARY

Value of all property of the Deceased - as per Account 1 1,231,000.00

PLUS: Value of deemed property of the Deceased - as per Account 2 0.00

1,231,000.00
LESS: Deductions claimed - as per Account 3 1,231,000.00

DUTIABLE AMOUNT R 0.00

NO ESTATE DUTY PAYABLE

EXECUTOR'S CERTIFICATE
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I, the undersigned, hereby declare that to the best of my knowledge and belief
this account is a true and proper account of the Liquidation and Distribution of
this estate and that all the assets, liabilities and income subsequent to the
date of death have been disclosed herein.

__________________________________________________________
ANDREAS SPRINGER
DATED at CAPE TOWN on 14 March 2016