CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution finalisation announcement - LVLTRX

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 31 December 2016. The distribution of 10.33263 cents per LowVolTrax security will be
comprised as follows:


 Dividend (local) (to be taxed at 15%)(gross)                                          4.96314 cents
 Dividends Withholding Tax (15%)                                                       0.74447 cents
 Resultant net dividend                                                                4.21867 cents

 Gross REIT Distribution                                                               2.54505 cents
 (No Dividend Withholding Tax deducted for SA resident securities
 holders)
 Non-residents:
 Local Dividends withholding Tax (15%)                                                 0.38176 cents
 Net dividend                                                                          2.16329 cents

 Dividend (foreign) (to be taxed at 15%)(gross)                                        2.02856 cents
 Dividends Withholding Tax (15%)                                                       0.30428 cents
 Resultant net dividend                                                                1.72428 cents

 Dividend (foreign) (already taxed at greater than SA 15% Dividends                    0.79588 cents
 Withholding Tax) (gross)
 Dividends Withholding Tax in South Africa (N/A)                                       0.00000 cents
 Resultant net dividend                                                                0.79588 cents



The distribution will be made to all holders of LowVolTrax 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

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