BETTABETA CIS - Amalgamation agreement: Nedgroup Beta Solutions Proprietary Limited and Grindrod Index Tracker Managers Proprietary

Amalgamation agreement: Nedgroup Beta Solutions Proprietary Limited and Grindrod Index Tracker Managers Proprietary

The BettaBeta Equally Weighted Top 40 portfolio
(A portfolio under the BettaBeta Collective Investment Scheme ("BettaBeta CIS") registered in
terms of the Collective Investment Schemes Control Act, 45 of 2002)
Share Code: BBET40
ISIN: ZAE000144507
(“BBET40”)

The BettaBeta BGreen portfolio
(A portfolio under the BettaBeta CIS registered in terms of the Collective Investment Schemes
Control Act, 45 of 2002)
Share Code: BGREEN
ISIN: ZAE000162277
(“BGREEN”)

(collectively "the Exchange Traded Funds” or “ETFs")


AMALGAMATION AGREEMENT: NEDGROUP BETA SOLUTIONS PROPRIETARY LIMITED (“NBS”)
AND GRINDROD INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED (“Gtrax”)

Unit holders of the Exchange Traded Funds housed under the BettaBeta Collective Investment
Scheme (“CIS”), namely BBET40 and BGREEN are advised that effective 29 January 2015, NBS,
the management company responsible for the management of the ETFs, has entered into an
amalgamation agreement with Gtrax whereby the ETFs’ respective portfolios will, subject to
certain suspensive conditions, migrate to Gtrax and will henceforth be managed by Gtrax and
re-branded accordingly (“the Amalgamation”).

Gtrax currently manages five other JSE-listed exchange traded funds. The Amalgamation will be
governed in terms of section 99 of the Collective Investment Scheme Control Act, 45 of 2002.

The Amalgamation is subject to:

    -   relevant regulatory approvals; and
    -   an affirmative vote of a majority of the ETFs’ unit holders in value approving the
        Amalgamation (the “ballot”)

Unit holders will in due course be notified of further details relating to the process of the
Amalgamation as well as the results of the aforementioned ballot.

Following the Amalgamation the ETFs will be housed under Gtrax and will replicate in all
material aspects the current investment objectives of the ETFs’ respective portfolios. The cost
structure of the ETFs will remain unchanged.

BettaBeta CIS portfolio to be migrated        New Gtrax portfolios to be registered
ETF           INDEX                           ETF                          INDEX
BBET40        Nedbank Top40 Equally           Grindrod Top 40 Equally      Top40 Equally
              Weighted Index (as              Weighted Exchange Traded Weighted Index (as
              calculated by FTSE)             Fund                         calculated by FTSE)

BGREEN        Nedbank Green Index             Grindrod Sustainability      JSE SRI Index
                                              Exchange Traded Fund


Should any investors have any queries they can contact:

NBS/Nedbank Capital
Email: CraigD@Nedbankcapital.co.za
Front Office Chief Operating Officer: Global Markets


Sponsor: Nedbank Capital
04 February 2015

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