Distribution finalisation announcement - CSEW40 CoreShares Index Tracker Managers (RF) Proprietary Limited CoreShares EWTop40 Share code: CSEW40 ISIN: ZAE000217139 (“CSEW40”) A portfolio in the CoreShares Index Tracker Collective Investment Scheme (“the 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 (“the Manager”) DISTRIBUTION FINALISATION ANNOUNCEMENT Holders of CoreShares EWTop40 securities are advised that a distribution will be made in respect of the quarter ended 31 December 2016. The distribution of 24.94823 cents per CoreShares EWTop40 security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 16.07965 cents Dividends Withholding Tax (15%) 2.41195 cents Resultant net dividend 13.66770 cents Gross REIT Distribution 4.60469 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends withholding Tax (15%) 0.69070 cents Net dividend 3.91399 cents Dividend (foreign) (to be taxed at 15%)(gross) 4.26384 cents Dividends Withholding Tax (15%) 0.63958 cents Resultant net dividend 3.62426 cents Dividend (foreign) (already taxed at greater than SA 15% 0.00005 cents Dividends Withholding Tax) (gross) Dividends Withholding Tax in South Africa (N/A) 0.00000 cents Resultant net dividend 0.00005 cents The distribution will be made to all holders of CoreShares EWTop40 securities who were recorded in the register on 30 December 2016 and will be paid on 23 January 2017. 18 January 2017 Sponsor Grindrod Bank Limited Date: 18/01/2017 03:31:00 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.