ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - ASHINFBND Distribution Finalisation Announcement - ASHINF

ASHINFBND Distribution Finalisation Announcement - ASHINF

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
(Incorporated in the Republic of South Africa)
(Date of incorporation: 20 May 2009)
Share Code: ASHINF
ISIN: ZAE000215331
(“ASHINFBND”)

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton Inflation
ETF to holders of Ashburton Inflation ETF Securities, the manager and trustees (namely Ashburton
Management Company RF Proprietary Limited and Standard Chartered Bank) have resolved to make a
quarterly distribution to holders of Ashburton Inflation ETF securities for the quarter ended 30 June 2017.
The distribution will:

    -    amount to 17.80821 cents (R 0.1780821) per Ashburton Inflation ETF security;
    -    be constituted 17.80821 cents (R 0.1780821) in respect of interest;
    -    be made to all holders of Ashburton Inflation ETF securities recorded in the register on Friday, 28
         July 2017; and
    -    be effected on Monday, 31 July 2017.

The distribution is calculated after taking into account accrued expenses incurred by the fund for the
previous quarter and thus represents a distribution net of fund expenses.

The distribution is exempt from Withholding Tax on Interest as it comprises coupons received on bonds
issued by the Government of South Africa.

Ashburton Inflation ETF Income Tax number is 0691/223/16/8.

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

25 July 2017
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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