ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - Distribution Finalisation Announcement - ASHMID

Distribution Finalisation Announcement - ASHMID

Ashburton MidCap ETF
(Formerly RMB MidCap Exchange Traded Fund)
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHMID
ISIN: ZAE000215349
(“ASHMIDCAP”)

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton MidCap
ETF to holders of Ashburton MidCap ETF Securities, the manager and trustees (namely ASHBURTON
Management Company RF Proprietary Limited and Standard Chartered Bank) have resolved to make a
quarterly distribution to holders of Ashburton MidCap ETF securities for the quarter ended 30 June 2016.
The distribution will amount to 2.75 cents (R0.0275) per Ashburton MidCap ETF security and is
constituted as follows:

Local dividend per security:

    -   Gross local dividend of 2.75 cents (R0.0275) per security to holders who are exempt from
        Dividend Tax
    -   Net local dividend of 2.3375 cents (R0.023375) per security to holders who are not exempt from
        Dividend Tax

Foreign dividend per security:

    -   No foreign dividends are included in the distribution for the period under consideration.

Payment will be effected on 11 July 2016 to all holders of Ashburton MidCap ETF securities recorded in
the register on 08 July 2016.

Additional information:
The dividend distribution as outlined above is subject to the Dividends Tax that was introduced with effect
from 1 April 2012. The dividend, as defined in the Income Tax Act of 1962, is payable from dividends
accumulated in the fund. The South African Dividend Tax rate of 15% has been applied. There are 18
000 000 Ashburton MidCap ETF securities in issue. The total distribution amount payable is R 495 000.
Ashburton MidCap ETF Income Tax number is 0036/883/26/2.

A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
investor/investment-range/exchange-traded-funds/ashburton-midcap-etf

24 June 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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