ASHINFBND Distribution Announcement - Salient Dates Ashburton Inflation ETF A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Share Code: ASHINF ISIN: ZAE000215331 (“ASHINFBND”) DISTRIBUTION ANNOUNCEMENT - SALIENT DATES Following the previous announcement released on SENS on 17 July 2017, detailing the quarterly distribution dates by Ashburton Inflation ETF to holders of Ashburton Inflation ETF Securities, security holders are advised to disregard the previous announcement and refer to the following correct information. Notice is hereby given that the following dates are of importance regarding a possible quarterly distribution by Ashburton Inflation ETF to holders of Ashburton Inflation ETF Securities for the quarter ended 30 June 2017. Announcement of distribution amount (if any) and payment date will be made by no later than: Tuesday, 25 July 2017 Last day to trade "CUM" distribution: Tuesday, 25 July 2017 Securities trade "EX" distribution: Wednesday, 26 July 2017 Record date: Friday, 28 July 2017 A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-investor/investment-range/exchange-traded- funds/ashburton-inflation-etf 17 July 2017 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited Date: 17/07/2017 02:10:00 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.