Formula A

Where

A is the score under paragraph 2.3.1 of the Ownership scorecard

B is the Deemed Value for all Black Participants in the Measured Entity determined using Formula 3 above

C is the Time-Based Graduation Factor of the Economic Interest compliance target outlined below:

•     10% for the first year after the Current Equity Interest Date.

•     20% for the second year after the Current Equity Interest Date.

•     40% from the first day of the third year after the Current Equity Interest Date to the last day of the fourth year after the Current Equity interest Date.

•     60% from the first day of the fifth year after the Current Equity Interest Date to the last day of the sixth year after the Current Equity Interest Date.

•     80% from the first day of the seventh year after the Current Equity Interest Date to the last day of the eighth year after the Current Equity Interest Date.

•     100% from the first day of the ninth year after the Current Equity Interest Date to the last day of the tenth year after the Current Equity Interest Date.

D is the Target for Economic Interest of Black People (25%) as per the Amended Codes (Gazette 36928, 11 October 2013).

E is the Weighting  points allocated to the applicable measured Ownership indicator in paragraph 2.3.1 of the Ownership scorecard.

Formula B

Where

A is the score under paragraph 2.3.1 of the Ownership scorecard.

B is the percentage Economic Interest in the Measured Entity of Black Participants measured using the Flow Through Principle.

C is the target for Economic Interest of Black People (25%) as per the Amended Codes (Gazette 36928, 11 October 2013).

D is the Weighting points allocated to the applicable measured  Ownership indicator in paragraph 2.3.1 of the Ownership scorecard.