NEWFUNDS COLLECTIVE INVEST SCHEME - DISTRIBUTION ANNOUNCEMENT FOR QUARTER ENDED 30 JUNE 2012

DISTRIBUTION ANNOUNCEMENT FOR QUARTER ENDED 30 JUNE 2012

NEWFUNDS eRAFI(TM) SA FINANCIAL 15 INDEX ETF
Share code: RAFFIN
ISIN: ZAE000134979

NEWFUNDS eRAFI(TM) SA INDUSTRIAL 25 INDEX ETF
Share code: RAFIND
ISIN: ZAE000135182

NewFunds eRAFI(TM) OVERALL SA INDEX ETF
Share code: RAFISA
ISIN: ZAE000117149

NEWFUNDS eRAFI(TM) SA RESOURCE 20 INDEX ETF
Share code: RAFRES
ISIN: ZAE000135166

NEWFUNDS NEWSA INDEX PORTFOLIO
Share code: NEWFSA
ISIN: ZAE000104055

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds Proprietary Limited
(Registration Number 2005/034899/07)

DISTRIBUTION ANNOUNCEMENT FOR QUARTER ENDED 30 JUNE 2012

Further to the announcement published earlier today, we hereby set out below the distributable
amounts without rounding:

                                          RAFRES        RAFFIN      RAFIND         NEWFSA      RAFISA
                                          (cents per   (cents per    (cents per   (cents per   (cents per
                                          units)       units)       units)        units)       units)
1. Gross Distribution Amount                91.00000     40.00000     21.00000      8.00000           -
Comprising:
      Interest : Local                      2.29060         -            -          0.07466           -
      Interest : Foreign                       -            -            -             -              -
      Dividend : Local1                     2.91638      9.27034      8.35677       2.67669           -
      Dividend : Foreign1                  30.66788         -            -             -              -
                      2
      Dividend : Local                     11.36177     26.57877     13.40858       4.83848           -
      Dividend : Foreign2                  43.76337      4.21225         -          0.04034           -


2. Dividends Withholding Tax
Amount
      Dividend : Local2                    11.36177     26.57877     13.40858       4.83848           -
                          2
      Dividend : Foreign                   43.76337      4.21225         -          0.04034           -
                                      2
Total Dividend (Local and Foreign)         55.12514     30.79102     13.40858       4.87882           -
      Less STC Credit available            -0.01727     -0.79993     -0.34456      -0.02469           -
Total Dividend (Local and                  55.14241     29.99109     13.06402      4.85413            -
Foreign)2 less STC credit available
Dividends Withholding Tax (at a             8.27136      4.49866      1.95960       0.72812           -
rate of 15%3)

3. Net Distribution Amount
                                                                                                                   2


  Gross Distribution Amount              91.00000       40.00000        21.00000       8.00000               -
Dividends Withholding Tax
Amount                                   8.27136        4.49866         1.95960        0.72812               -

Net Distribution Amount                  82.72864       35.50134        19.04040       7.27188               -

4. AMOUNT PAID TO
INVESTORS4
Non-exempt investors
(DWT applicable at 15%)                  82.72864       35.50134        19.04040       7.27188               -
Exempt investors
(no DWT applicable)                      91.00000       40.00000        21.00000       8.00000               -

The distribution will be paid on Tuesday, 24 July 2012 to all holders recorded on the register on
Friday, 29 June 2012.

1
    Not subject to DWT as applicable to period before DWT was introduced.

2
    Subject to DWT as applicable to period after DWT was introduced.

3
    Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.

4
    Investors qualifying for a reduced rate per Double Tax Agreement ("DTA") will receive, in cash, the gross
distribution amount less the applicable reduced DWT, provided they have completed and timeously lodged with
the relevant intermediary the prescribed declaration and undertaking form. Failure to do so will result in the
dividends tax being withheld in full.


Additional information:

                    Number of securities in issue                   Tax reference
                                                                       number
RAFFIN                          172,216                             9181003188
RAFIND                          200,814                             9005418224
RAFISA                         2,957,255                            9180010184
RAFRES                          265,944                             9619247167
NEWFSA                         1,272,724                            9004206224
NFSH40                         5,920,446                            9403872162

20 July 2012

Sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with Barclays)
3

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