Listing of the Ashburton Global 1200 Equity ETF Portfolio Ashburton Global 1200 Equity 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: ASHGEQ ISIN: ZAE000249967 (“ASHGLOEQT”) LISTING OF THE ASHBURTON GLOBAL 1200 EQUITY ETF PORTFOLIO AND THE SCHEME REFERENCING THE S&P GLOBAL 1200 INDEX, WHICH IS LISTED ON THE MAIN BOARD OF THE JSE LIMITED IN THE “EXCHANGE TRADED FUND” SECTOR. This announcement is issued in compliance with the Listings Requirements of the JSE for information purposes only. 1. Introduction The Ashburton Global 1200 Equity ETF managed by Ashburton Management Company (RF) Proprietary Limited (the “Manager”) will provide the investor with exposure to the S&P Global 1200 index. The S&P Global 1200 index provides exposure to the performance of large and mid capitalization stocks across 28 emerging and developed markets in compliance with S&Ps size, liquidity and free float criteria. 2. Approval Approval for the listing of the Ashburton Global 1200 Equity ETF was granted by the JSE on 20 September 2017. 3. Index The S&P Global 1200 Index provides efficient exposure to the global equity market. Capturing approximately 70% of global market capitalization, it is constructed as a composite of 7 headline indices, many of which are accepted leaders in their regions. These include the S&P 500® (US), S&P Europe 350, S&P TOPIX 150 (Japan), S&P/TSX 60 (Canada), S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40. 4. Distributions The Ashburton Global 1200 Equity ETF will provide quarterly distributions to investors. 5. Ramp up period This refers to the period where underlying securities will be acquired by the Ashburton Global 1200 Equity ETF with the proceeds from the initial offer. 6. Salient Dates and Times 2017 SENS announcement of listing approval Wednesday, 20 September Opening date of the initial offer at 09:00 on Thursday, 21 September Closing date of the initial offer at 12:00 on Friday, 29 September Ramp up period in respect of cash subscriptions commences Monday, 02 October Letters of allocation (“LA”) issued* Monday, 02 October Ramp up period in respect of cash subscriptions ends Wednesday, 04 October Publication of announcement on SENS as to the results of the initial Thursday, 05 October offer and the conversion ratios Listing date Friday, 06 October *One letter of allocation is issued for every rand subscription. The letter of allocation will be issued against a subscriber's CSDP or broker account. The account will be debited with the rand amount. Once the index constituents have been acquired, STRATE will convert the LAs to ETF securities in the CSDP accounts in terms of the conversion ratios that will be published on SENS. 7. Copies of the Supplement Copies of the original Ashburton Global 1200 Equity ETF Supplement, in English, may be obtained during normal business hours from the registered office of the Manager, at 4 Merchant Place, corner Fredman Drive & Rivonia Road, Sandton, 2196, from 20 September 2017. 20 September 2017 Johannesburg Sponsor: Bridge Capital Advisors Proprietary Limited Date: 20/09/2017 05:45:00 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.