Applications done online must be done via the link www.kenyaipos.co.ke.

On the home page, the Applicant will be required to key in their CDSC number and ID number or Passport number depending on what they used to open the CDS account.

The system already contains the Applicants details as held by CDSC. These details are automatically displayed on the screen once you enter your ID number or Passport number and CDS number. Applicants who do not have CDS accounts will need to open the account with their preferred Stock Broker (Agent). Applicants who apply for the shares without opening the CDS account will get their allocation in certificate form. The limitation of getting shares in certificate form is that in the event that you want to sell the shares you will have to open a Cds account and mobilize your shares. For the shares to be sold they will have to be in a Cds account and not in certificate form. It is therefore advisable to open a Cds account before making the application.

The Applicant cannot be able to change details as they are captured from the CDSC records. In the even that an applicant notices an error in the way the details are captured, they should make sure that these details are corrected at the CDSC through the broker.

(Please note that online applications are only for individual investors. Joint Applications and Applications for companies have to be done manually.) After keying in the ID or Passport number and the CDSC number, the system will prompt the applicant for the following details;

1. The number of shares applied for
2. The mode of refund incase of over-subscription. Applicants will have three options. Getting the refunds directly in their bank accounts, in which case they will need to fill in bank details, getting the refunds through the authorized broker or getting the cheque via mail.
3. The Broker (Agent) where the applicant will make the payment. Applicants will make payment to the broker that they select.

After submitting the application, a summary of details will be displayed on the screen. The Applicant will be given the option to print or email the details.

Please note that the Application will remain pending till payment is made to the Broker (Agent). It is advisable to save a copy of the Application summary for reference.

Safaricom IPO Application Procedure: Manual Application

Applicants who choose to apply manually must fill in the application form with their broker or the brokers' authorized agent.

Applicants are required to fill in the following details;

1. ID number or Passport number depending on what they used to open the Cds account
2. Citizenship status and country of residence.
3. Postal details including the postal code
4. Cds account number
5. The number of shares applied for
6. Option for receipt of allocated shares, refund and future dividends. Applicants have the option of getting the allocated shares through the Cds account or in certificate form. Refunds can be sent directly to the Applicant's Bank account; a cheque can be sent to the authorized broker or mailed to the applicant's post office box.
7. The Applicant's signature. Its very important as an applicant to remember the signature that you used because in the even that you get the allocation in certificate form, you will be required to mobilize your shares by filling in a Cds mobilization form, which you have to sign using the same signature used in the original application.
8. Applications for companies will require a company stamp or seal on the application form.

Please note that applications may be rejected for the following reasons.

1. If the full amount for the application is not received
2. Missing or illegible name of primary or joint applicant
3. Missing or illegible identification number
4. Missing or illegible address
5. Missing residence and citizenship indicators (for primary applicant) or missing residency for tax purposes for corporate investors
6. Missing or inappropriately signed application form. This includes
   • Primary signature missing from signature box 1
   • Joint signature missing from signature box 2( if applicable)
   • Two directors or company director and company secretary have not signed in case of a corporate application
7. Number of shares does not comply with the rules set out i.e.:
   • Fewer than 2000 offer shares are applied for incase of retail investors
   • Offer shares not in multiples of 100
   • Fewer than 100,000 shares are applied for in the case of Qualified Institutional Investors
   • Offer shares not in multiples of 10,000 in the case of Qualified institutional investors
8. Amount as payment for number of shares applied for is less than the correct calculated amount.
9. Authorized cheque has unauthenticated alterations
10. Cheque is not signed, or dated or if the amount in figures and words do not tally

The offer is expected to close on 23rd of April 2008. Announcement of allocation details will be done on Friday, 30th May 2008. CDS Accounts will commence allotments and electronic credit on or about Wednesday, 4th June 2008. By Monday, 9th June, Share certificates, Electronic Refunds and Refunds Cheques where applicable will be dispatched.

The Safaricom Shares will commence trading at the NSE at 10.30 a.m. on Monday, 9th June 2008.