SYG4IRR results of the initial offer SYGNIA ITRIX COLLECTIVE INVESTMENT SCHEME SYGNIA ITRIX 4th Industrial Revolution Global Equity ETF JSE Code: SYG4IR ISIN: ZAE000252433 ("Sygnia Itrix" or the "Portfolio") A portfolio in the Sygnia Itrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. RESULTS OF THE INITIAL OFFER FOR THE SYGNIA ITRIX 4th INDUSTRIAL REVOLUTION GLOBAL EQUITY ETF AND THE SCHEME REFERENCING THE KENSHO NEW ECONOMIES COMPOSITE INDEX (KNEX) Further to the announcement released on SENS on Friday, 17 November 2017 regarding the listing approval and the initial public offer (“the offer”) for subscription to the Portfolio, Sygnia Itrix (RF) Pty Limited hereby announce the results of the offer. 1. Subscription The total cash subscription to the offer is for an amount of R 150 568 132 (one hundred and fifty million five hundred and sixty eight thousand one hundred and thirty two rand). One letter of allocation (“LA”) will be issued for every rand subscribed to the subscriber’s CSDP or broker account and the corresponding rand amount debited. 2. Conversion ratio of the LA STRATE will convert the LA to Sygnia Itrix securities in the subscriber’s CSDP or broker accounts in terms of the conversion ratios that will be published on Tuesday, 5 December 2017. 1 December 2017 Sygnia Itrix (RF) Pty Limited Date: 01/12/2017 01:30:00 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.