SATRIX COLLECTIVE INVESTMENT SCHEME - Notification to Investors Change in the Underlying Investment Security and Name of Fund

Notification to Investors – Change in the Underlying Investment Security and Name of Fund

SATRIX COLLECTIVE INVESTMENT SCHEME IN SECURITIES
SATRIX MSCI WORLD FEEDER PORTFOLIO
JSE Code: STXWDM
NSX code: SXNWDM
ISIN: ZAE000246104
("Satrix MSCI WORLD")

A portfolio in the Satrix Collective Investment Scheme, registered
as such in terms of the Collective Investment Schemes Control Act,
45 of 2002


NOTIFICATION TO INVESTORS – CHANGE IN THE UNDERLYING INVESTMENT
SECURITY AND NAME OF FUND

The mandate of the Satrix MSCI World Feeder Portfolio ("Satrix MSCI
World ETF") is to track, as closely as possible, the value of the
MSCI World Index in ZAR. The MSCI World Index is a broad global
equity index that includes large and mid-cap companies across 23
developed market countries. It covers approximately 85% of the free
float-adjusted market capitalisation in each country.

To replicate the index performance, the portfolio currently invests
in the iShares Core MSCI World UCITS ETF ("the underlying fund").
Effective 22 September 2025, the underlying fund of the Satrix MSCI
World Feeder Portfolio switched from the iShares Core MSCI World UCITS
ETF (IWDA) to the Amundi MSCI World UCITS ETF(MWRD).
As with the iShares Core MSCI World UCITS, the Amundi MSCI World UCITS
ETF also seeks to replicate, as closely as possible, the performance
of the MSCI World Index. Both the iShares Core MSCI World UCITS ETF
and the Amundi MSCI World UCITS ETF are Irish-domiciled funds,
compliant with UCITS legislation and reinvest dividend and interest
income back into the fund.
The Satrix MSCI World Feeder Portfolio will continue to experience
the same standards in respect of accountability of the underlying fund
to the regulator, and the distribution experience by investors will
remain unchanged.
The current Total Expense Ratio (TER) of the iShares MSCI World is
0.20%, compared to the Amundi ETF with a TER of 0.12%.
By implementing this change in the underlying fund, the investors
would be getting the same exposure to the MSCI World Index in ZAR at
a lower cost. The lower TER obtained from investing in the Amundi MSCI
World UCITS ETF enables the portfolio to track the Index more
efficiently, and investors will receive a closer index tracking
experience net of fees while also receiving a cost saving. The
compounding effect of lower fees can result in significant growth over
the long term.
Given that there is no change to the mandate and or benchmark of the
portfolio, a ballot to investors was not required, and FSCA approval
to implement the change was obtained on 9 September 2025.
The name of the portfolio will be changed from Satrix MSCI World
Feeder Portfolio to Satrix MSCI World Feeder ETF. The long name will
also change from, Satrix MSCI World Feeder to Satrix MSCI World ETF
effective 15 October 2025.

Other than the changes mentioned above, the short-name, alpha code
and ISIN will remain unchanged, and the instrument will remain in the
same sector and retain its trading and financial reference data
history.

Salient dates                                            Date
Declaration date                               Tuesday, 30 September    2025
Finalisation date                                Tuesday, 07 October    2025
Last day to trade in old long name               Tuesday, 14 October    2025
Termination of trading in old long name        Wednesday, 15 October    2025
Trading in new long name                       Wednesday, 15 October    2025
Record date                                       Friday, 17 October    2025
Long name updated on shareholder accounts         Monday, 20 October    2025



30 September 2025


Sponsor
Vunani Sponsors

NSX Sponsor
Cirrus Securities (Pty) Ltd
A Member of the Namibian Stock Exchange

Date: 30-09-2025 10:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.