HARAMBEESACCO

HARAMBEE CO-OPERATIVE SAVINGS & CREDIT SOCIETY LTD.(Registered as a credit society)

Tel: 343766/343815/343822/343823/343827/343830/343861311047/318399/315989/315990/315991/315992

Fax No. 2216326When replying please quote:

P.O. Box 4781500100 - G.P.O.

NAIROBI

Ref. No. HAR/ADM/Nomination Corr./2015and date

16th March 2016

TO ALLNAIROBI ELECTORAL ZONES YEAR 2016HARAMBEE SACCO DELEGATES

Dear All,

REF: INVITATION TO SUBMIT APPLICATIONS FOR NOMINATION AS 2016BOARD AND SUPERVISORY COMMITTEE ELECTION CANDIDATES

The manner in which Savings and Credit Co-operative Societies (Saccos) in Kenya are ledand managed drastically changed with the passing of the Sacco Societies Act, 2008 andthe Sacco Society (Deposit-Taking Sacco Business) Regulations, 2010 and especially theDeposit Taking Saccos i.e. those that offer Front Office (FOSA) services to their members.

In this regard, See. 4(2)(a) of the said Regulations requires that persons proposed to serveas directors and senior management in a deposit-taking Sacco should meet therequirements of the 'fit and proper test'. This is as set out in Forms 1 & 2 in the FirstSchedule to these Regulations. To ensure adherence with this requirement, deposit-takingSaccos are expected by the Sacco Societies Regulatory Authority (SASRA) to createNomination Committees. Nomination Committees are expected to provide a mechanismof vetting candidates for elections to the Board and Supervisory Committee to ensurecompliance with the said requirements.

Harambee Sacco has defined clearly the criteria for election of Board and SupervisoryCommittee members in Clauses 49 and 75 respectively of the Society's By-Laws. To thisend the Board and Supervisory Committee Electoral process were amended to ensure

Page -1- of 2

that the process will involve submission of 'Applications for Nomination as Board orSupervisory Committee Election Candidates', by eligible and interested delegates.

In line with the above, the Society is now receiving applications for nomination fromeligible delegates who are interested to vie for Board and Supervisory Committeepositions at the forthcoming Annual Delegates Meeting (ADM) 2016. In this regard, thereare five (5)vacancies that candidates can apply to be nominated for. Four (4)vacancies inthe Board, that is three (3)by rotation and one (1)vacant position; and one (1)vacancy inthe Supervisory Committee by rotation.

The applications should be made in the prescribed format, (interested candidates shoulddownload the prescribed forms from the Society's website - www.harambeesacco.com)and should be submitted to the Office of the Chief Executive Officer (CEO) at HarambeeCo-op Plaza, 4th £loorby close of business (5.00p.m.) on 8th April 2016.

Delegates submitting nominations should ensure that they sign the register provided forin the Chief Executive Officer's office indicating that their applications have beenreceived. Additionally, the envelope as well as the application for nomination shouldclearly indicate the vacancy that the delegate is applying to be nominated for i.e. eitherBoard or Supervisory Committee.

Upon receipt of the applications, the ominations Committee will vet the applications foradherence with the requirements of the said 'Fit and Proper Test', as well as therequirements laid down in Section 49, 50(a) and (b) and 75 of the Society's By-Laws.Names of qualifying candidates will then be submitted to the Returning Officer forpresentation at the Society's Annual Delegates Meeting (ADM) 2016.

We look forward to receiving your applications by the set date.

Yours faithfully,FOR HARAMBEE C - PERATIVE SOCIETYLTD,

PETERN. NDEGWACHIEF EXECUTIVE

NB: Forms to be downloaded

I. Appendix 1 - Prescribed Format For Submission of Applications forNomination as Board Or Supervisory Committee Election Candidates

II. Appendix 2 - Nominations Process and Criteria as set out in Sections 49, 50 (a) &(b), 51, 52, 53 and 75 of the Society By-Laws

Page - 2 - of 2