ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - Re-balancing of fund - ASHT40

Re-balancing of fund - ASHT40

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”)

REBALANCING OF THE ASHBURTON TOP 40 ETF

Notice is hereby given that the quarterly review of the FTSE/JSE Top 40 Index has resulted in a
rebalancing of the Ashburton Top 40 ETF.

There have been changes to the Ashburton Top 40 ETF constituent weightings.

The complete list of current constituents and their respective weightings have been included in the table
below:

Share                                                    Previous
Code       Share Name                                                    New Weight
                                                           Weight
AGL        ANGLO AMERICAN PLC                               2.85%              2.84%
AMS        ANGLO AMERICAN PLATINUM                          0.13%              0.13%
ANG        ANGLOGOLD ASHANTI                                0.87%              0.88%
APN        ASPEN PHARMACARE HLD                             0.72%              0.71%
BAT        BRAIT S.A.                                       0.71%              0.71%
BGA        BARCLAYS AFRICA GROUP LTD                        0.92%              0.91%
BID        BID CORPORATION LIMITED                          0.69%              0.73%
BIL        BHP BILLITON PLC                                 4.56%              4.54%
BTI        BRIT AMERICA TOBACO                              0.66%              0.65%
CCO        CAPITAL & COUNTIES PROPS                         0.67%              0.79%
CFR        COM FINANCE RICHMONT SA                         10.82%             10.76%
CPI        CAPITEC BANK HOLDING                             0.11%              0.11%
DSY        DISCOVERY HLDS LTD                               0.69%              0.69%
FFA        FORTRESS INCOME FUND A                           1.65%              1.68%
FFB        FORTRESS INCOME FUND B                           1.28%              1.31%
FSR        FIRSTRAND LIMITED                                6.55%              6.51%
GRT        GROWTHPOINT                                      5.62%              5.75%
INL        INVESTEC LIMITED                                 0.54%              0.54%
INP        INVESTEC PLC                                     1.27%              1.27%
ITU        INTU PROPERTIES PLC                              2.02%              2.01%
MEI        MEDICLINIC INTERNAT PLC                          0.80%              0.79%
MND        MONDI LIMITED                                    0.26%              0.25%
MNP        MONDI PLC                                        0.79%              0.79%
MRP        MR PRICE GROUP LTD                               0.50%              0.51%
MTN        MTN GROUP LIMITED                                3.79%              3.77%
NED        NEDBANK GROUP LTD                                0.42%              0.46%
NPN        NASPERS LIMITED                                  0.93%              0.92%
NTC        NETCARE LIMITED                                  3.14%              3.13%
OML        OLD MUTUAL PLC                                  10.21%             10.16%
RDF        REDEFINE PROP LTD                                9.43%              9.38%
REI        REINET INVESTMENTS SCA                           3.17%              3.16%
REM        REMGRO LIMITED                                   1.04%              1.03%
RMH        RMB HOLDINGS LIMITED                             1.43%              1.43%
RMI        RMI HOLDINGS LTD (RMI)                           1.51%              1.50%
SAB        SABMILLER PLC                                    2.12%              2.11%
SBK        STANDARD BK GRP LTD                              2.60%              2.59%
SHP        SHOPRITE HLDS LTD                                0.94%              0.93%
SLM        SANLAM LIMITED                                   3.79%              3.77%
SNH        STEINHOFF INTERNATIONAL                          5.50%              5.55%
SOL        SASOL LIMITED                                    1.19%              1.19%
TBS        TIGER BRANDS LIMITED                         0.35%              0.35%
VOD        VODACOM GROUP                                0.71%              0.70%
WHL        WOOLWORTHS HLDS LTD                          2.05%              2.03%

These changes were applied after the close of business on 17/06/2016 and is effective from 20/06/2016.

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

6 July 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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