Distribution finalisation announcement - CTOP50 CoreShares Index Tracker Managers (RF) Proprietary Limited CoreShares Top 50 Share code: CTOP50 ISIN: ZAE000204327 ("Top 50") 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 Top 50 securities are advised that a distribution will be made in respect of the quarter ended 31 December 2016. The distribution of 10.05362 cents per Top 50 security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 6.05430 cents Dividends Withholding Tax (15%) 0.90815 cents Resultant net dividend 5.14616 cents Gross REIT Distribution 1.01443 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends withholding Tax (15%) 0.15216 cents Net dividend 0.86227 cents Dividend (foreign) (to be taxed at 15%)(gross) 2.94924 cents Dividends Withholding Tax (15%) 0.44239 cents Resultant net dividend 2.50685 cents Dividend (foreign) (already taxed at greater than SA 15% 0.00032 cents Dividends Withholding Tax) (gross) Dividends Withholding Tax in South Africa (N/A) 0.00000 cents Resultant net dividend 0.00032 cents Interest 0.03533 cents The distribution will be made to all holders of Top 50 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 03:32:00 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.