Satrix Property Portfolio, results of the initial offer - STXPRO SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX PROPERTY PORTFOLIO JSE Code: STXPRO ISIN: ZAE000240131 ("Satrix Property" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 RESULTS OF THE INITIAL OFFER FOR THE SATRIX PROPERTY PORTFOLIO (“THE PORTFOLIO”) Further to the announcement released on SENS on Monday, 6 February 2017 regarding the listing approval and the initial public offer (“the offer”) for subscription to the portfolio, Satrix Managers (RF) Pty Limited hereby announce the results of the offer. 1. Cash subscription The total cash subscription to the offer is for an amount of R 28 117 000(Twenty eight million one hundred and seventeen thousand rand). One letter of allocation (“LA”) was issued for every rand subscribed to the subscriber’s CSDP or broker account and the corresponding rand amount debited. 2. Conversion ratio of the LAs STRATE will convert the LAs to Satrix securities in the subscriber’s CSDP or broker account accounts in terms of the conversion ratios that will be published on Wednesday, 22 February 2017. 20 February 2017 Satrix Managers (RF) Pty Limited Date: 20/02/2017 10:00:00 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.