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 Date: 04/02/2015 09:16:00 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.