Listing of Coreshares S&P 500 Securities - CSP500 CoreShares Global Investments PCC CoreShares S&P 500 Share code: CSP500 ISIN: MU0519N00036 The CoreShares S&P 500 Exchange Traded Fund (“CoreShares S&P 500”) portfolio, a portfolio in the CoreShares Global Investments PCC (A Mauritius protected cell public company limited by shares) . The Fund is an approved Foreign Collective Investment Scheme in terms of Section 65 of the Collective Investment Scheme Control Act 2002. The Fund is managed by CoreShares ETF Manager Limited (“CEM” or “the Manager”) and is further represented in South Africa by CoreShares Index Tracker Managers RF (Pty) Ltd. 1. LISTING OF CORESHARES S&P 500 SECURITIES Further to the announcement released on SENS on Friday, 14 October 2016, Grindrod Bank is authorised to announce the listing on the Main Board of the JSE Limited (“JSE”) of 2,852,419 CoreShares S&P 500 securities in the "Exchange Traded Funds" sector, with effect from commencement of business on Friday, 4 November 2016. The 2,852,419 CoreShares S&P 500 securities will be issued to applicants who subscribed for 85,427,400 Letters of Allocation (“LA”) of R1 each. Investors will be entitled to 0.03339 CoreShares S&P 500 Securities for each LA (‘the conversion ratio’). The listing price per CoreShares S&P 500 security will accordingly be approximately R29.95 The conversion ratio reflects the actual price paid and costs incurred to acquire the underlying index during the Ramp-Up Period. Investors are notified that an approximate exchange rate of 1USD:ZAR13.88 was achieved during the Ramp-Up Period. Copies of the CoreShares S&P 500 Exchange Traded Fund Pre-Listing Statement, in English, may be obtained during normal business hours from the office of the local manager, CoreShares Index Tracker Managers (RF) Proprietary Limited, located at Grindrod Tower, 4th Floor, 8a Protea Place, Sandton, 2096 and is available on the website: www.coreshares.co.za. 2. APPROVAL Approval for the listing of the CoreShares S&P 500 participatory interests was granted by the JSE on 14 October 2016. 3. NOTICE CoreShares S&P 500 securities are not in any way sponsored, endorsed, sold or promoted by the JSE and it does not make any warranty or representation whatsoever, expressly or implied, either as to the basis of calculation of, or as to the results to be obtained from the use of the S&P 500 Index (“the Index”) and/or the value at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated on behalf of and on the instructions of CEM by S&P Dow Jones Indices LLC. The JSE shall not be liable (whether in negligence or otherwise) to any person for any error in the Index and the JSE shall not be under any obligation to advise any person of any error therein. 2 November 2016 Corporate advisor and sponsor: Grindrod Bank Limited Date: 02/11/2016 09:48:00 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.