SATRIX COLLECTIVE INVESTMENT SCHEME - Listing Of The Satrix Msci Emerging Markets Feeder Portfolio On The Main Board Of The JSE Limited-STXEMG

Listing Of The Satrix Msci Emerging Markets Feeder Portfolio On The Main Board Of The JSE Limited-STXEMG

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX MSCI EMERGING MARKETS FEEDER PORTFOLIO
JSE Code: STXEMG
ISIN: ZAE000246633
("Satrix EMG" 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 MSCI EMERGING MARKETS FEEDER PORTFOLIO (“THE
PORTFOLIO”) AND THE SCHEME REFERENCING THE MSCI EMERGING MARKETS
INVESTIBLE MARKETS 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 MSCI Emerging Markets Feeder Portfolio participatory
interests provide the investor with exposure to the MSCI Emerging
Markets Investable Markets Index (IMI) by investing in the iShares
Core MSCI Emerging Markets IMI UCITS ETF (“underlying fund”)
securities. MSCI Emerging Markets Investable Markets Index (IMI)
measures the performance of large, mid and small, capitalisation
stocks across 23 emerging markets countries which comply with MSCI’s
size, liquidity and free-float criteria.

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 MSCI Emerging Markets 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 ZAE000246633

3.3. Share code:          STXEMG

3.4. Long name:           Satrix MSCI Emerging Markets Feeder Portfolio

3.5. Abbreviated name: SATRIXEMG
3.6. Underlying Fund

     The iShares Core MSCI Emerging Markets IMI UCITS ETF established
     under the iShares Public Ltd Company approved by the Central Bank
     of Ireland in August 2011. The investment objective of the
     underlying fund is to provide investors with a total return,
     taking into account both capital and income returns, which
     reflects the return of the MSCI Emerging Markets Investable
     Markets Index (IMI).


3.7. Index

     MSCI Emerging Markets Investable Markets Index (IMI) was
     established on 5 June 2007, measures the performance of large,
     mid and small, capitalisation stocks across 23 emerging markets
     countries which comply with MSCI’s size, liquidity and free-float
     criteria.


3.8. Distribution or accounting period

     The underlying fund reinvests the income from the constituents in
     the index and therefore does not distribute.

3.9. 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 underlying
     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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