GRINDROD INDEX TRACKER MAN RF PTY LTD - Changes to the name of the scheme, the manager and the portfolios - PTXSPY, PTXTEN, PREFTX, LVLTRX, DIVTRX

Changes to the name of the scheme, the manager and the portfolios - PTXSPY, PTXTEN, PREFTX, LVLTRX, DIVTRX

Grindrod PropTrax SAPY
Share code: PTXSPY ISIN: ZAE000101911
("PropTrax SAPY")

Grindrod PropTrax Ten
Share code: PTXTEN ISIN: ZAE000155362
("PropTrax TEN")

Grindrod PrefTrax
Share code: PREFTX ISIN: ZAE000185658
("PrefTrax")

Grindrod LowVolTrax
Share code: LVLTRX ISIN: ZAE000190112
("LowVolTrax")

Grindrod DivTrax
Share code: DIVTRX ISIN: ZAE000190104
("DivTrax")

(collectively “the Portfolios”)

in the CoreShares Index Tracker Collective Investment Scheme (formerly
Grindrod Index Tracker Collective Investment Scheme)(“the Scheme”)
registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF)
Proprietary Limited (formerly Grindrod Index Tracker Managers Proprietary
Limited)(“the Manager”)

CHANGES TO THE NAME OF THE SCHEME, THE MANAGER AND THE PORTFOLIOS

Investors are hereby advised that a decision has been made by Grindrod Bank
Limited (“Grindrod Bank”) to independently brand its exchange traded product
offering under the CoreShares name. The name ‘CoreShares’ is derived from
the growing trend to structure an investment portfolio using a ‘Core-
Satellite’ approach. Index investments should form the majority – or core
– of a portfolio, ensuring broad market exposure, reduced costs and lower
manager risk. The rebranding will provide a fresh and energetic position
for the Grindrod Bank ETF business going forward with simplicity and
transparency being at the forefront. Globally the ETF and passive investment
management markets continue to thrive and are major areas of growth.
Therefore the following changes should be noted:
-   The change of the name of the Scheme from Grindrod Index Tracker
    Collective Investment Scheme to CoreShares Index Tracker Collective
    Investment Scheme with the abbreviated name CoreShares;
-   The change of the name of the Manager from Grindrod Index Tracker
    Managers (RF) Proprietary Limited to CoreShares Index Tracker Managers
    (RF) Proprietary Limited;
-   The change of the names of the Portfolios, as follows:
    -   Grindrod Property SAPY Exchange Traded Fund to CoreShares Property
        SAPY Exchange Traded Fund, the long name of which will be CoreShares
        PropTrax SAPY;
    -   Grindrod Property Top Ten Exchange Traded Fund       to   CoreShares
        Property Top Ten Exchange Traded Fund, the long name of which will
        be CoreShares PropTrax Ten;
    -   Grindrod Preference Share Exchange Traded Fund to CoreShares
        Preference Share Exchange Traded Fund, the long name of which will
        be CoreShares PrefTrax;
    -   Grindrod S&P SA Low Volatility Exchange Traded Fund to CoreShares
        S&P SA Low Volatility Exchange Traded Fund, the long name of which
        will be CoreShares LowVolTrax; and
    -   Grindrod S&P SA Dividend Aristocrats Exchange Traded Fund to
        CoreShares S&P SA Dividend Aristocrats Exchange Traded Fund, the
        long name of which will be CoreShares DivTrax.


The following dates should be noted with regard to the name change of the
Portfolios:

        Last date to trade:                    Thursday, 30 April 2015
        New name effective                     Monday, 4 May 2015
        Record date:                           Friday, 8 May 2015

The share code and ISIN as well as the abbreviated names of each of the
portfolios remains unchanged.

For further information on CoreShares’ exchange traded fund products,
including daily net asset values and regulatory documents, go to
www.coreshares.co.za

15 April 2015

Sponsor
Grindrod Bank Limited

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