CLOUD ATLAS (RF) (PROPRIETARY) LIMITED - Publication of Conversion Ratio and Results of the Initial Offer for Participatory Units in the AMI Big50 ex-SA ETF

Publication of Conversion Ratio and Results of the Initial Offer for Participatory Units in the AMI Big50 ex-SA ETF

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.

Publication of conversion ratio and results of the Initial Offer for
Participatory Units in the AMI Big50 ex-SA ETF

1. Results of the Initial Offer

Further to the announcement released on SENS on Monday, 27 March 2017
regarding the listing of AMI Big50 ex-SA Participatory Units, the
Initial Offer closed on Friday, 31 March 2017 with a total cash
subscription in terms of the Initial Offer of R 2,000,000.00 being
received.

2. Issue of letters of allotment and conversion ratio

One letter of allotment (“LA”) has been issued for every Rand
subscription against the debiting of a subscriber’s CSDP or broker
account with such Rand amount.

Investors   will  be   issued  0.07900   (“the   conversion  ratio”)
Participatory Units in the AMI Big50 ex-SA ETF for every LA.

Strate will convert the LA’s to AMI Big50 ex-SA Participatory Units
in the CSDP accounts in accordance with the conversion ratio. Standard
rounding will apply.

3. Listing of AMI Big50 ex-SA Participatory Units

158,000 AMI Big50 ex-SA Participatory Units will be issued and listed
on the Exchange Traded Funds sector of the main board of the JSE
Limited at an issue price of approximately R 12.12 per security with
trading commencing on Thursday, 20 April 2017.

18 April 2017

Corporate Adviser and Sponsor
Vunani Corporate Finance

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