AN EXAMPLE OF THE BAILMENT PROCESS

Patrick Jurt (Grant & Thornton in Zurich) checking of LBMA Bar numbers, with Raphael Pfyl (ViaMat) at ViaMat Security Vaults in Kloten, Zurich.

ViaMat Security staff placing seal numbers on individual pallets.

Simon Heapes (AFE Director) personally verifying bar numbers against refiner's good delivery bar list.

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Independent Auditor sighting and verifying individual bars

Placing 1000 oz (32kg) 'good delivery' silver bar into sealable pallet

'Good Delivery' silver bar with LBMA refinery Hallmark and bar number

Pallet of bars prior to closing, locking and sealing

AFE's Philip Judge with 400 oz (12.g kg) gold 'good delivery' bar

AFE locked away 5 metric ton
of allocated silver bars and tens of 1000's more oz's of gold

Independent Auditor from Grant Thornton, Zurich  in attendance during bailment of silver bars

Philip Judge holding a 400oz gold 'Good Delivery Bar'
alongside several ton of silver bars during AFE's
bullion bailment at ViaMat Securities, Zurich

AFE Chairman, Graham Daniels stands next to security audited 'sealed' pallets
during silver bailment