Distribution Finalisation Announcement for the Six Months Ended 30 June 2014 - Update - DBXWD db x-trackers MSCI World Index ETF JSE code: DBXWD ISIN: ZAE000115184 (“dbx World”) A portfolio in the db x-trackers Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. DISTRIBUTION FINALISATION ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2014 - UPDATE Further to the announcement released on SENS on Thursday, 17 July 2014, holders of dbx World securities are advised that the distribution payable on or about Monday, 28 July 2014 will be a minimum of ZAR 0.17293 per dbx World security. This is based on the ZAR/USD exchange rate prevailing on Wednesday, 23 July 2014 of 10.49678. The ZAR distribution amount of ZAR 0.17293 per dbx World security is calculated as follows: - Gross foreign dividends of ZAR 0.24798 (two four point seven nine eight cents); - Less: Foreign Withholding tax of ZAR 0.03780 (three point seven eight zero cents); - Plus: Interest and equalisation of ZAR 0.01662 (one point six six two cents); - Less: Management fee of ZAR 0.05387 (five point three eight seven cents). This amount will be adjusted upwards for larger investors who are liable for less than the 0.60% management fee (on the basis set out in the third Supplement to the Offering Circular and Pre- Listing Statement on 13 February 2008 and as per the SENS announcement released on 3 July 2013). The aggregate amount payable to each investor will be rounded down to the nearest cent. The balance (if any) will be retained and paid out in the following distribution period. 24 July 2014 Manager db x-trackers (Proprietary) Limited Trustee The Standard Bank of South Africa Limited Sponsor Vunani Corporate Finance Date: 24/07/2014 05:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.