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

Distribution Finalisation Announcement

Ashburton Inflation ETF
(Formerly RMB Government Inflation Linked Bond 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: ASHINF
ISIN: ZAE000215331
(“ASHINFBND”)

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton Inflation
ETF to holders of Ashburton Inflation ETF Securities, the manager and trustees (namely Ashburton
Management Company RF Proprietary Limited and Standard Charted Bank) have resolved to make a
quarterly distribution to holders of Ashburton Inflation ETF securities for the quarter ended 30 September
2016.

The distribution will:

    -    amount to 6.31 cents (R0.0631) per Ashburton Inflation ETF security;
    -    be constituted 6.31 cents (R0.0631) in respect of interest;

Payment will be effected on Monday, 17 October 2016 to all holders of Ashburton Inflation ETF securities
recorded in the register on Friday, 14 October 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 20,600,000 Ashburton Inflation ETF securities in issue. The total dividend amount payable is
R1,300,000.

Ashburton Inflation ETF Income Tax number is 0691/223/16/8.

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

4 October 2016
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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