Distribution Finalisation Announcement - LVLTRX CoreShares Index Tracker Managers (RF) Proprietary Limited 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 30 September 2016. The distribution of 25.09641 cents per LowVolTrax security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 15.70761 cents Dividends Withholding Tax (15%) 2.35614 cents Resultant net dividend 13.35147 cents Gross REIT Distribution 5.82702 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends withholding Tax (15%) 0.87405 cents Net dividend 4.95297 cents Dividend (foreign) (to be taxed at 15%)(gross) 2.39936 cents Dividends Withholding Tax (15%) 0.35990 cents Resultant net dividend 2.03946 cents Dividend (foreign) (already taxed at greater than SA 15% Dividends 1.16242 cents Withholding Tax) (gross) Dividends Withholding Tax in South Africa (N/A) 0.00000 cents Resultant net dividend 1.16242 cents The distribution will be made to all holders of LowVolTrax securities who were recorded in the register on 30 September 2016 and will be paid on 20 October 2016. 17 October 2016 Sponsor Grindrod Bank Limited Date: 17/10/2016 04:30:00 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.