Free Float Share

Individual. Shares held by individuals, excluding those held by members of the

directorate and senior management personnel, and their family members or relatives, and

excluding those shares held by individuals whose holdings are explicitly considered as

strategic investments.

Investment funds and unit trusts. Shares held by investment funds, open-ended funds

and unit trusts, including passive index funds and shares held by ETFs.

Securities Company. Shares held by brokerages and other non-strategic investors for

the purposes of underwriting, trading and clearing of trades.

Annuity Fund. Shares of annuity funds, except shares of companies held by their own

annuity.

Insurance Company. In principle, shares held by insurance companies are included in

the float-adjusted circulation, unless the holdings are deemed strategic in nature.

Social Security Fund. Shares held by all types of social security funds, but excluding

shares held by those social security funds that exert significant management influence on

the company.