NEWGOLD ISSUER (RF) LIMITED - NewGold: Notice - Amendment to NewGold Prospectus

NewGold: Notice - Amendment to NewGold Prospectus

NEWGOLD ISSUER (RF) LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2004/014119/06)
(“NewGold” or the “Company”)

JSE Share code: GLD
NSX Share code: NGNGLD
ISIN code: ZAE000060067
(“NewGold ETF”)

JSE Share code: NGPLT
NSX Share code: NGNPLT
ISIN code: ZAE000177580
(“NewPlat ETF”)

JSE Share code: NGPLD
NSX Share code: NGNPLD
ISIN code: ZAE000182507
(“NewPall ETF”)

NOTICE: AMENDMENT TO THE NEWGOLD PROSPECTUS

The NewGold prospectus issued on 27 October 2004 (the “Prospectus”), stipulates that the
custodian for NewGold (the “Custodian”) is required to have suitable insurance over the constituent
assets of the ETF.

The Prospectus contains a requirement for the Custodian to have in place insurance cover over the
total value of NewGold’s constituent assets. It is not standard market practice for an ETF to have
insurance cover over the total value of its constituent assets. NewGold is the only ETF with such
insurance cover requirements; the market standard is to have insurance cover relative to the existing
risk of loss or damage to the constituent assets.

The current level of cover carries a higher premium that will eventually carried to debenture holders.
Accordingly, NewGold has applied to, and been granted approval by the JSE Limited to amend the
Prospectus, aligning the insurance cover requirement with standard market practice.
NewGold intends to amend its Prospectus in the following manner:

“In terms of the Custody Agreement, the Custodian is responsible for the secure safe holding of the
Gold Bullion belonging to NewGold. NewGold is, however, entitled to inspect the security
arrangements at any time to ensure that it conforms with the standards required by its insurers. With
regard to insurance, the Custodian is obliged to arrange insurance cover to the reasonable
satisfaction of NewGold *[, of such a nature that the interests of NewGold equal to the total value of
NewGold’s Gold Bullion holdings, is adequately insured].”

* Square brackets denote a deletion.

The amendment is in effect immediately.

For further information please contact -

Michael Mgwaba
Michael.mgwaba@barclayscapital.com
Tel +27 11 895 6852.

26 September 2017

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

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