1NVEST ETFs LIMITED - ETFBND-Cash Payment

ETFBND-Cash Payment

1NVEST SA BOND ETF (“ETFSBOND”) (being a portfolio under the STANLIB ETF Collective
Investment Scheme registered in the Republic of South Africa in terms of Collective Investment
Schemes Control Act, 45 of 2002 (“CISCA”)


Share Code: ETFBND

Abbreviated Name: ETFSBOND

ISIN: ZAE000265625

("ETFSBOND")


CASH PROCEEDS IN RESPECT OF FRACTIONAL ENTITLEMENTS AND APPLICABLE RATE

1. Background

   Holders of 1NVEST SA BOND ETF participatory interests (“Security”) were advised that the JSE
   Limited (“JSE”) has approved an application by the manager of the STANLIB ETF Collective
   Investment Scheme (“the Manager”) to proceed with a consolidation of Securities in ETFSBOND
   (“the Consolidation”). Reference is made to the CONSOLIDATION OF PARTICIPATORY
   INTERESTS announcement dated 09 and 19 December 2022.

   In terms of the Consolidation, the Manager will reduce the number of Securities that an investor
   holds and accordingly increase the value of each Security. The portfolio value of each investor will
   therefore remain unchanged.

2. Effective date

   The effective date of the Consolidation was 28 December 2022.

3. CASH PROCEEDS AND FRACTIONAL ENTITLEMENTS

   In accordance with the JSE Listings Requirements, and reference in paragraph 6 of the
   CONSOLIDATION OF PARTICIPATORY INTERESTS announcement fractional entitlements be
   rounded down to the nearest whole number and the aggregated fractions will be paid out in cash.
   This amount has been determined with reference to the Net Asset Value price in Rand of
   ETFSBOND on the JSE on Wednesday, 28 December 2022, ZAR102.47542 (10247.52400 cents
   per units), being the first day on which ETFSBOND shares traded ex the event.

   Record date in respect of the Consolidation                                Friday, 30 December
                                                                              2022

   Accounts of dematerialised holders will have their Consolidated Security Tuesday, 03 January
   updated and allocation of fraction payments on                            2023

4. EXAMPLE OF FRACTIONAL ENTITLEMENT

   This example assumes that an ETFSBOND Shareholder holds 100 ETFSBOND shares at the close
   of business at the Record Date. The rounding convention described above is then applied and the
   ETFSBOND Shareholder will be entitled to 81.441 shares in respect of the 100 ETFSBOND shares
   held by them as at the Record Date. The ETFSBOND Shareholder will thus receive 81 shares and
   a cash payment for the fractional entitlement of 0.441 x ZAR102.47542 = ZAR45.19166.
Johannesburg
29 December 2022

Sponsor
The Standard Bank of South Africa Limited

Date: 29-12-2022 05:09:00
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