ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - CANCELLATION OF S373216 Distribution Finalisation Announcement

CANCELLATION OF S373216 Distribution Finalisation Announcement

Ashburton Top 40 ETF
(Formerly RMB Top 40 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: ASHT40
ISIN: ZAE000215364
(“ASHTOP40”)

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton Top 40 ETF
to holders of Ashburton Top 40 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 Top 40 securities for the quarter ended 30 June 2016. The
distribution will amount to 23.64 cents (R 0.2364) per Ashburton Top 40 security and is constituted as
follows:

Local dividend per security:

-      Gross local dividend of 23.64 cents (R 0.2364) per security to holders who are exempt from
       Dividends Tax
-      Net local dividend of 20.094 cents (R 0.2009) per security to holders who are not exempt from
       Dividends 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 Top 40 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 to both local and
foreign dividends. There are 15 000 000 Ashburton Top 40 ETF securities in issue. The total dividend
amount payable is R 3 546 000. Ashburton Top 40 ETF Income Tax number is 2144/830/14/4.

A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
investor/investment-range/exchange-traded-funds/ashburton-top-40-etf

24 June 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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