NEWFUNDS COLLECTIVE INVEST SCHEME - NFEMOM - Distribution and re-investment for the quarter ended 31 March 2014

NFEMOM - Distribution and re-investment for the quarter ended 31 March 2014

NEWFUNDS EQUITY MOMENTUM EXCHANGE TRADED FUND PORTFOLIO
Share code: NFEMOM
ISIN: ZAE000162236

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 AND RE-INVESTMENT ANNOUNCEMENT FOR THE QUARTER ENDED 31 MARCH 2014

Further to the announcement published on Wednesday, 05 March 2014, a distribution has been declared today, Thursday, 17 April 2014 to holders of ETF
securities ("investors") recorded in the register on Friday, 28 March 2014, for the quarter ended 31 March 2014 as follows:

Alpha code      Dividend/Interest       Foreign/ Local            Gross              Subject to          *Withholding     STC                  Net
                                                                  Distribution       Withholding tax      Tax (%)         (Cents per unit)     Distribution
                                                                  (Cents per unit)   Yes/ No                                                   (Cents per unit)

NFEMOM           Interest                Local                     0.35586           No                                                         0.35586
                 Dividend                Local                     9.44402           Yes                  15               0.00000              8.02742
                 Dividend                Foreign (Other)           0.00000           Yes                                                        0.00000
                                                                   9.79988                                                                      8.38328

The distribution will be paid on Thursday, 24 April 2014 to all securities holders recorded on the register on Friday, 28 March 2014.

The net distribution amount (after the deduction of Dividend Withholding Tax (''DWT'') at a current rate of 15%) will be re-invested in the ETF on behalf of investors
through the purchase of additional Constituent Securities (as defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net
asset value of the ETF and, proportionately increasing the value of each ETF security. As a consequence of reinvesting the net distribution amount (after the
deduction of DWT), the ETF will be tracking the relevant total return net-of-dividend tax index.

Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement ("DTA"), will receive, in cash, a distribution amount of the
applicable 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.

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

Additional information:
                     Number                   Tax
                     of securities            reference
                     in issue                 number

NFEMOM               1,000,000                9400119179

17 April 2014

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

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