ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - Distribution Finalisation Announcement

Distribution Finalisation Announcement

Ashburton MidCap ETF
(Formerly RMB MidCap Exchange Traded Fund)
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
(Incorporated in the Republic of South Africa)
(Date of incorporation: 15 August 2012)
Share Code: ASHMID
ISIN: ZAE000215349

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton MidCap
ETF to holders of Ashburton MidCap ETF Securities, the manager and trustees (namely ASHBURTON
Management Company RF (Proprietary) Limited and Standard Chartered Bank) have resolved to make a
quarterly distribution to holders of Ashburton MidCap ETF securities for the quarter ended 31 March
2016. The distribution will amount to 4.74 cents (R0.0474) per Ashburton MidCap ETF security and is
constituted as follows:

Local dividend per security:

    -   Gross local dividend of 4.74 cents (R0.0474) per security to holders who are exempt from
        Dividend Tax
    -   Net local dividend of 4.0290 cents (R0.04029) per security to holders who are not exempt from
        Dividend Tax

Foreign dividend per security:

    -   No foreign dividends are included in the distribution for the period under consideration.

Payment will be effected on 11 April 2016 to all holders of Ashburton MidCap ETF securities recorded in
the register on 08 April 2016.

Additional information:

The dividend distribution as outlined above is subject to the Dividends Tax that was introduced with effect
from 1 April 2012. The dividend, as defined in the Income Tax Act of 1962, is payable from dividends
accumulated in the fund. The South African Dividend Tax rate of 15% has been applied. There are
18,000,000 RMB Mid Cap securities in issue. The total distribution amount payable is R 853,200.00.
Ashburton MidCap ETF Income Tax number is 0036/883/26/2.

A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
investor/investment-range/exchange-traded-funds/ashburton-midcap-etf

01 April 1 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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