Distribution Finalisation Announcement -LVLTRX CoreShares LowVolTrax Share code: LVLTRX ISIN: ZAE000190112 ("LowVolTrax") 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 LowVolTrax securities are advised that a distribution will be made in respect of the quarter ended 30 June 2015. The distribution of 35.67188 cents per LowVolTrax Security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 22.68712 cents Dividends Withholding Tax (15%) 3.40307 cents Resultant net dividend 19.28405 cents Gross REIT Distribution 10.78845 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends withholding Tax (15%) 1.61827 cents Net dividend 9.17018 cents Dividend (foreign) (to be taxed at 15%)(gross) 2.19631 cents Dividends Withholding Tax (15%) 0.32945 cents Resultant net dividend 1.86686 cents The distribution will be made to all holders of LowVolTrax 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 10:12:00 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.