Distribution Finalisation Announcement - PREFTX CoreShares PrefTrax Share code: PREFTX ISIN: ZAE000185658 ("PrefTrax") A portfolio 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”) DISTRIBUTION FINALISATION ANNOUNCEMENT Holders of PrefTrax securities are advised that a distribution will be made in respect of the quarter ended 30 June 2015. The distribution of 18.18787 cents per PrefTrax Security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 14.76793 cents Dividends Withholding Tax (15%) 2.21519 cents Resultant net dividend 12.55274 cents Dividend (foreign) (to be taxed at 15%)(gross) 3.26449 cents Dividends Withholding Tax (15%) 0.48967 cents Resultant net dividend 2.77482 cents Interest 0.15545 cents The distribution will be made to all holders of PrefTrax securities who were recorded in the register on 3 July 2015 and will be paid on 21 July 2015. 16 July 2015 Sponsor Grindrod Bank Limited Date: 16/07/2015 10:00:00 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.