CORESHARES GLOBAL INVESTMENTS PCC - Clarification notice: Rounding methodology

Clarification notice: Rounding methodology

CoreShares Global Investments PCC
CoreShares S&P 500
Share code: CSP500 ISIN: MU0519N00036

The CoreShares S&P 500 Exchange Traded Fund (“CoreShares S&P 500”) portfolio, a portfolio in the
CoreShares Global Investments PCC (A Mauritius protected cell public company limited by shares) .
The Fund is an approved Foreign Collective Investment Scheme in terms of Section 65 of the Collective
Investment Scheme Control Act 2002. The Fund is managed by CoreShares ETF Manager Limited
(“CEM” or “the Manager”) and is further represented in South Africa by CoreShares Index Tracker
Managers RF (Pty) Ltd.

Clarification notice: Rounding methodology

Investors are referred to the SENS published earlier today in relation to the conversion of Letters of
Allotment (LAs) to Exchange Traded Fund (ETF) securities in accordance with the conversion ratio.
For the sake of clarity, the Issuer is unable to issue partial securities to participants in the book build
and accordingly applications by the CSD participants shall be rounded down to the nearest whole
share or security and the Rand balance shall be refunded.

 Worked example
 LA's issued                                                              1 000             Example
 Conversion ratio                                                       0.03339     As communicated
 Issue Price                                                            R 29.95     As communicated

 Securities issued (LA * Conversion ratio)
 1000*0.03339                                                             33.39           Unrounded
                                                                             33             Rounded
 Difference                                                                0.39

 Amount refunded to client/CSD (Difference * Issue Price)
 0.39 * 29.95                                                           R 11.68


2 November 2016

Corporate advisor and sponsor:             Grindrod Bank Limited

Date: 02/11/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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