CLOUD ATLAS (RF) (PROPRIETARY) LIMITED - Rebalancing Of The Ami Series Big 50 Ex-Sa Index - AMIB50

Rebalancing Of The Ami Series Big 50 Ex-Sa Index  - AMIB50

Cloud Atlas (RF) Proprietary Limited
The Cloud Atlas Collective Investment Scheme in Securities
AMI Big50 ex-SA ETF
JSE code: AMIB50
ISIN: ZAE000242582
(“AMI Big50 ex-SA”)

A portfolio in the Cloud Atlas Collective Investment Scheme in
Securities, registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002.

REBALANCING OF THE AMI series BIG 50 EX-SA INDEX

Notice is hereby provided to holders of AMI Big50 ex-SA securities
that the AMI series index – AMI Big50 ex-SA, which the securities
track, has undergone a rebalance which is effective from close of
business on 30 June 2017.

These changes were applied to the securities portfolio on 23 June
2017.

SALIENT DETAILS
   - The index has been adjusted to provide constituents in the bottom
     percentile with a greater allocation of the index weighting. The
     previous index weighting of the bottom 25 constituents was 13.22%
     and is now 20%. This adjustment was done with no impact on
     tradability of the index.
   - Country capping has been introduced at a country level, so that
     no country, regardless of number of listings, exceeds 30% of the
     index weight. The only impacted country was Morocco, whose
     weighting reduced from 35.4% to 29.1%.
   - Seven constituents with a combined weighting of 3.7% have been
     replaced with constituents with a combined weighting of 3.9%.
   - Index changes are due to market movements.

SUMMARY OF CHANGES

              Additions                       Removals
Index    RIC: Sc.Frigor Brass De
AMIB50                                0.81% Namibia Breweries   1.50%
              Tunis
              Kenya Re-Insurance
                                      0.24% Delice Holding      0.17%
              Corp.
               Carthage Cement        0.74% Turnstar Holdings   0.37%

               Forte Oil              0.84% Elswedy Electric    0.96%
               Glxsk.Consumer                 Poulina Group
                                      0.21%                     0.20%
               Nigeria                        Holdings
               Onatel Bf              0.60% Total Nigeria       0.32%

               Cal Bank               0.43% Athi River Mining   0.18%

Total                                 3.88%                     3.70%

Full portfolio composition can be viewed on the Cloud Atlas website:
www.cloudatlasinvesting.com.


30 June 2017

Sponsor
Vunani Corporate Finance

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