NEWFUNDS COLLECTIVE INVEST SCHEME - NFSWIX/ MAPPSP/ MAPPSG - Amendment Announcement: Distribution and re-investment for the quarter ended 31 March 2017

NFSWIX/ MAPPSP/ MAPPSG - Amendment Announcement: Distribution and re-investment for the quarter ended 31 March 2017

NEWFUNDS SWIX 40 EXCHANGE TRADED FUND PORTFOLIO
Share code: NFSWIX
ISIN: ZAE000163754

NEWFUNDS MAPPS PROTECT ETF PORTFOLIO
Share code: MAPPSP
ISIN: ZAE000153771

NEWFUNDS MAPPS GROWTH ETF PORTFOLIO
Share code: MAPPSG
ISIN: ZAE000153763

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds Proprietary Limited
(Registration Number 2005/034899/07)

AMENDMENT ANNOUNCEMENT: DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR
THE QUARTER ENDED 31 MARCH 2017

Following on the announcement released on 13 April 2017, holders of ETF securities ("investors") are
advised that an amendment has been made to the "Net Distribution" amount. All foreign dividends are
subjected to withholding tax.

Further to the announcement published on Monday, 06 March 2017, a distribution has been declared
today, Thursday 13 April 2017 to holders of ETF securities ("investors") recorded in the register on Friday,
24 March 2017, for the quarter ended 31 March 2017 as follows:

Alpha code     Dividend/      Foreign/          Gross            Subject to      Withholding     Net
               Interest       Local             Distribution     Withholding     Tax             Distribution
                                                (Cents per       tax             (%)             (Cents per
                                                unit)            Yes/ No                         unit)
MAPPSG
               Dividend       Foreign (BIL)     0.62047          Yes             20              0.49638
               Dividend       Foreign (BTI)*    1.62999          Yes             20              1.30399
               Dividend       Foreign           0.30815          Yes             20              0.24652
                              (SNH)*

MAPPSP
               Dividend       Foreign (BIL)     0.57589          Yes             20              0.46071
               Dividend       Foreign (BTI)*    1.51341          Yes             20              1.21073

NFSWIX
               Dividend       Foreign (BIL)*    0.54116          Yes             20              0.43293
               Dividend       Foreign (BTI)*    1.42155          Yes             20              1.13724

The distribution will be paid on Thursday 20 April 2017 to all securities holders recorded on the
register on Friday, 24 March 2017.

The net distribution amount (after the deduction of Dividend Withholding Tax (''DWT'') at a current rate of
20%) will be re-invested in the ETF on behalf of investors through the purchase of additional Constituent
Securities (as defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby
increasing the net asset value of the ETF and, proportionately increasing the value of each ETF security.
As a consequence of reinvesting the net distribution amount (comprising only 80% after the deduction of
DWT), the ETF will be tracking the relevant total return net-of-dividend tax index.
Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement
("DTA"), will receive, in cash, a distribution amount of the applicable DWT, provided they have completed
and timeously lodged with the relevant intermediary the prescribed declaration and undertaking form.
Failure to do so will result in the dividends tax being withheld in full.

Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,
• arising on any Government debt instrument • arising on any listed debt instrument • arising on any debt
  owed by a bank or the South African Reserve Bank• arising from a bill of exchange or letter of credit
  where goods are imported into South Africa and where an authorized dealer has certified such on the
  instrument
• payable by a headquarter company• accruing to a non-resident natural person who was physically
  present in South Africa for a period exceeding 183 days in aggregate, during that year, or carried on a
  business through a permanent establishment in South Africa.Investors are advised that to the extent
  that the distribution amount comprise of any interest, it will not be subject to WTI by virtue of the
  fact that it is Government debt, listed debt instruments and/or bank debt.

Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to
them

 Additional information:
                      Number of securities in issue     Tax reference number
 MAPPSG               1,806,698                         9020590221
 MAPPSP               1,108,764                         9399122176
 NFSWIX               1,000,000                         9022543228

18 April 2017

Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

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