Changes to the name of the scheme, the manager and the portfolios - PTXSPY, PTXTEN, PREFTX, LVLTRX, DIVTRX Grindrod PropTrax SAPY Share code: PTXSPY ISIN: ZAE000101911 ("PropTrax SAPY") Grindrod PropTrax Ten Share code: PTXTEN ISIN: ZAE000155362 ("PropTrax TEN") Grindrod PrefTrax Share code: PREFTX ISIN: ZAE000185658 ("PrefTrax") Grindrod LowVolTrax Share code: LVLTRX ISIN: ZAE000190112 ("LowVolTrax") Grindrod DivTrax Share code: DIVTRX ISIN: ZAE000190104 ("DivTrax") (collectively “the Portfolios”) in the CoreShares Index Tracker Collective Investment Scheme (formerly Grindrod Index Tracker Collective Investment Scheme)(“the Scheme”) registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF) Proprietary Limited (formerly Grindrod Index Tracker Managers Proprietary Limited)(“the Manager”) CHANGES TO THE NAME OF THE SCHEME, THE MANAGER AND THE PORTFOLIOS Investors are hereby advised that a decision has been made by Grindrod Bank Limited (“Grindrod Bank”) to independently brand its exchange traded product offering under the CoreShares name. The name ‘CoreShares’ is derived from the growing trend to structure an investment portfolio using a ‘Core- Satellite’ approach. Index investments should form the majority – or core – of a portfolio, ensuring broad market exposure, reduced costs and lower manager risk. The rebranding will provide a fresh and energetic position for the Grindrod Bank ETF business going forward with simplicity and transparency being at the forefront. Globally the ETF and passive investment management markets continue to thrive and are major areas of growth. Therefore the following changes should be noted: - The change of the name of the Scheme from Grindrod Index Tracker Collective Investment Scheme to CoreShares Index Tracker Collective Investment Scheme with the abbreviated name CoreShares; - The change of the name of the Manager from Grindrod Index Tracker Managers (RF) Proprietary Limited to CoreShares Index Tracker Managers (RF) Proprietary Limited; - The change of the names of the Portfolios, as follows: - Grindrod Property SAPY Exchange Traded Fund to CoreShares Property SAPY Exchange Traded Fund, the long name of which will be CoreShares PropTrax SAPY; - Grindrod Property Top Ten Exchange Traded Fund to CoreShares Property Top Ten Exchange Traded Fund, the long name of which will be CoreShares PropTrax Ten; - Grindrod Preference Share Exchange Traded Fund to CoreShares Preference Share Exchange Traded Fund, the long name of which will be CoreShares PrefTrax; - Grindrod S&P SA Low Volatility Exchange Traded Fund to CoreShares S&P SA Low Volatility Exchange Traded Fund, the long name of which will be CoreShares LowVolTrax; and - Grindrod S&P SA Dividend Aristocrats Exchange Traded Fund to CoreShares S&P SA Dividend Aristocrats Exchange Traded Fund, the long name of which will be CoreShares DivTrax. The following dates should be noted with regard to the name change of the Portfolios: Last date to trade: Thursday, 30 April 2015 New name effective Monday, 4 May 2015 Record date: Friday, 8 May 2015 The share code and ISIN as well as the abbreviated names of each of the portfolios remains unchanged. For further information on CoreShares’ exchange traded fund products, including daily net asset values and regulatory documents, go to www.coreshares.co.za 15 April 2015 Sponsor Grindrod Bank Limited Date: 15/04/2015 02:32:00 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.