Listing Of The Satrix Msci Emerging Markets Feeder Portfolio On The Main Board Of The JSE Limited-STXEMG SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX MSCI EMERGING MARKETS FEEDER PORTFOLIO JSE Code: STXEMG ISIN: ZAE000246633 ("Satrix EMG" 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 LISTING OF THE SATRIX MSCI EMERGING MARKETS FEEDER PORTFOLIO (“THE PORTFOLIO”) AND THE SCHEME REFERENCING THE MSCI EMERGING MARKETS INVESTIBLE MARKETS INDEX ON THE MAIN BOARD OF THE JSE LIMITED (“JSE”) IN THE EXCHANGE TRADED FUND SECTOR This announcement is issued for information purposes only relating to the listing of the portfolio on the JSE. 1. Introduction The Satrix MSCI Emerging Markets Feeder Portfolio participatory interests provide the investor with exposure to the MSCI Emerging Markets Investable Markets Index (IMI) by investing in the iShares Core MSCI Emerging Markets IMI UCITS ETF (“underlying fund”) securities. MSCI Emerging Markets Investable Markets Index (IMI) measures the performance of large, mid and small, capitalisation stocks across 23 emerging markets countries which comply with MSCI’s size, liquidity and free-float criteria. 2. Listing approval Approval for the listing of the participatory interest in the portfolio was granted by the JSE on 26 June 2017. 3. Summary of the offer 3.1. Issuer The Satrix MSCI Emerging Markets Feeder Portfolio, a portfolio in the Satrix Collective Investment Scheme in Securities, registered in terms of the Collective Investment Schemes Control Act, No 45 of 2002. 3.2. ISIN ZAE000246633 3.3. Share code: STXEMG 3.4. Long name: Satrix MSCI Emerging Markets Feeder Portfolio 3.5. Abbreviated name: SATRIXEMG 3.6. Underlying Fund The iShares Core MSCI Emerging Markets IMI UCITS ETF established under the iShares Public Ltd Company approved by the Central Bank of Ireland in August 2011. The investment objective of the underlying fund is to provide investors with a total return, taking into account both capital and income returns, which reflects the return of the MSCI Emerging Markets Investable Markets Index (IMI). 3.7. Index MSCI Emerging Markets Investable Markets Index (IMI) was established on 5 June 2007, measures the performance of large, mid and small, capitalisation stocks across 23 emerging markets countries which comply with MSCI’s size, liquidity and free-float criteria. 3.8. Distribution or accounting period The underlying fund reinvests the income from the constituents in the index and therefore does not distribute. 3.9. The ramp up period It is the period during which the manager will procure the acquisition of baskets with the cash proceeds from the initial offer and will be announced at the close of the offer. 4. Salient dates and times 4.1. Opening date of the initial offer at 09:00 on Friday, 30 June 2017 4.2. Closing date of the initial offer at 12:00 on Monday, 17 July 2017 4.3. Ramp up period in respect of cash subscriptions commences on Wednesday, 19 July 2017 4.4. Settlement of Letters of allocation on Monday, 19 July 2017 4.5. Publication of announcement on SENS as to the results of the initial offer on Friday, 21 July 2017 4.6. Publication of conversion ratio on Wednesday, 21 July 2017 4.7. Listing date at 9:00 on Tuesday, 25 July 2017 * One letter of allocation (“LA”) will be issued for every Rand subscription against a subscriber’s CSDP or broker account being debited with the Rand amount. Once the baskets of underlying constituents have been acquired, STRATE will convert the LAs to Satrix securities in the CSDP accounts in terms of the conversion ratios that will be published on SENS. 5. Copies of the supplement to the offering circular A supplement to the offering circular detailing this offer is available on the website of the Satrix Collective Investment Scheme on www.satrix.co.za 29 June 2017 Satrix Managers (RF) Pty Limited Date: 29/06/2017 03:00:00 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.