Distribution Finalisation Announcement - LVLTRX CoreShares LowVolTrax Share code: LVLTRX ISIN: ZAE000190112 ("LowVolTrax") A portfolio in the CoreShares Index Tracker Collective Investment 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 DISTRIBUTION FINALISATION ANNOUNCEMENT Holders of LowVolTrax securities are advised that a distribution will be made in respect of the quarter ended 31 December 2015. The distribution of 23.44922 cents per LowVolTrax Security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 12.27263 cents Dividends Withholding Tax (15%) 1.84089 cents Resultant net dividend 10.43174 cents Gross REIT Distribution 8.05826 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends withholding Tax (15%) 1.20874 cents Net dividend 6.84952 cents Dividend (foreign) (to be taxed at 15%)(gross) 1.82160 cents Dividends Withholding Tax (15%) 0.27324 cents Resultant net dividend 1.54836 cents Dividend (foreign) (already taxed at greater than SA 15% Dividends 1.29673 cents Withholding Tax) (gross) Dividends Withholding Tax in South Africa (N/A) 0.00000 cents Resultant net dividend 1.29673 cents The distribution will be made to all holders of LowVolTrax securities who were recorded in the register on 31 December 2015 and will be paid on 21 January 2016. 18 January 2016 Sponsor Grindrod Bank Limited Date: 18/01/2016 03:21:00 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.