SATRIX COLLECTIVE INVESTMENT SCHEME - Listing Of The Satrix S&P 500 Feeder Portfolio (The Portfolio) And The Scheme Referencing The S&P 500 Index-STX500

Listing Of The Satrix S&P 500 Feeder Portfolio (“The Portfolio”) And The Scheme Referencing The S&P 500 Index-STX500

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX S&P 500 FEEDER PORTFOLIO
JSE Code: STX500
ISIN: ZAE000246641
("Satrix 500" or the "ETF")

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

Listing Of The Satrix S&P 500 Feeder Portfolio (“The Portfolio”) And
The Scheme Referencing The S&P 500 Index On The Main Board Of The Jse
Limited (“Jse”) In The Exchange Traded Fund Sector

This announcement is issued for information purposes only relating to
the listing of the portfolio on the JSE.

1. Introduction

-   The Satrix S&P 500 Feeder Portfolio participatory interests
    provide the investor with exposure to the S&P 500 by investing in
    the iShares Core S&P 500 UCITS ETF (“underlying fund”)
    securities. The S&P 500 Index measures the performance of the
    large capitalisation sector of the US equity market. The S&P 500
    is widely regarded as the best single gauge of large-cap U.S.
    equities. There is over USD 7.8 trillion benchmarked to the
    index, with index assets comprising approximately USD 2.2
    trillion of this total. The index includes 500 leading companies
    and captures approximately 80% coverage of available market
    capiltalisation.



2. Listing approval


Approval for the listing of the participatory interest in the
portfolio was granted by the JSE on 26 June 2017


3. Summary of the offer

3.1. Issuer

      The Satrix S&P 500 Feeder Portfolio, a portfolio in the Satrix
      Collective Investment Scheme in Securities, registered in terms
      of the Collective Investment Schemes Control Act, No 45 of 2002.

3.2. ISIN ZAE000246641

3.3. Share code:        STX500

3.4. Long name: Satrix S&P 500 Feeder Portfolio
3.5. Abbreviated name:       SATRIX500

3.6. Index

     The S&P 500 Index was established on 4 March 1957, measures the
     performance of the large capitalisation sector of the US equity
     market. The S&P 500 is widely regarded as the best single gauge
     of large-cap U.S. equities. There is over USD 7.8 trillion
     benchmarked to the index, with index assets comprising
     approximately USD 2.2 trillion of this total. The index includes
     500 leading companies and captures approximately 80% coverage of
     available market capiltalisation.

3.7. Distribution or accounting period

     No distributions as the index in a total return index. Therefore
     the coupons of the underlying bonds are reinvested.

3.8. The ramp up period

     It is the period during which the manager will procure the
     acquisition of baskets with the cash proceeds from the initial
     offer and will be announced at the close of the offer.

4. Salient dates and times

4.1. Opening date of the initial offer at 09:00 on Friday, 30 June
     2017

4.2. Closing date of the initial offer at 12:00 on Monday, 17 July
     2017

4.3. Ramp up period in respect of cash subscriptions commences on
     Wednesday, 19 July 2017

4.4. Settlement of Letters of allocation on Monday, 19 July 2017

4.5. Publication of announcement on SENS as to the results of the
     initial offer on Friday, 21 July 2017

4.6. Publication of conversion ratio on Wednesday, 21 July 2017

4.7. Listing date at 9:00 on Tuesday, 25 July 2017




*    One letter of allocation (“LA”) will be issued for every Rand
     subscription against a subscriber’s CSDP or broker account being
     debited with the Rand amount. Once the baskets of Index
     constituents have been acquired, STRATE will convert the LAs to
     Satrix securities in the CSDP accounts in terms of the conversion
     ratios that will be published on SENS.
5. Copies of the supplement to the offering circular

A supplement to the offering circular detailing this offer is
available on the website of the Satrix Collective Investment Scheme
on www.satrix.co.za

29 June 2017

Satrix Managers (RF) Pty Limited

Date: 29/06/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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