FSB Press Release 10 October 2014 FINANCIAL SERVICES BOARD WARNS THE PUBLIC TO EXERCISE CAUTION IN DEALING WITH DISCOUNT MART CLEANING SERVICES CC TRADING AS DMC HOLDINGS (DMC) AND/OR MR ABDOOL YOUNUS KARIM Subsequent to the media release dated 08 September 2014 issued by the Financial Services Board (FSB) warning the public to refrain from conducting any financial services business or investing funds with Discount Mart Cleaning Services CC trading as DMC Holdings (DMC) and/or Mr Abdool Younus Karim, it has been brought to the Registrar of Financial Services Providers’ (“Registrar”) attention that DMC is advising its shareholders that the Registrar has instructed it to dispose of the properties by way of auction or private sale and refund the shareholders’ investments. The Registrar is vehemently denying issuing at any stage such instruction and/or any arrangement related to the disposing of DMC properties. However, FSB is currently conducting an investigation, which is on-going, into the affairs of DMC and its associated institutions. Please be advised that the Registrar has referred the matter to National Consumer Commission (“NCC”) for consideration since property syndication falls within its jurisdiction. Any queries or concerns regarding this matter must be referred to Andile Mange of the NCC who can be contacted on [email protected]. The FSB reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSB on either the toll free number (0800110443) or on the website www.fsb.co.za as to whether or not such institution or person is authorised to render financial services. -EndsEnquiries: Ms Tembisa Marele Communications Specialist Financial Services Board Email address: [email protected] Telephone: 012 428 8025/083 754 2052