SYG4IR listing and conversion ratio 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. CONVERSION RATIO AND THE LISTING OF THE SYGNIA ITRIX 4th INDUSTRIAL REVOLUTION GLOBAL EQUITY ETF Further to the announcement released on SENS on Friday, 1 December 2017 regarding the results of the initial public offer (“the offer”) for subscription to the Portfolio Sygnia Itrix (RF) Pty Limited hereby announce the conversion ratio and the listing of the portfolio. 1. Conversion ratio Investors will be entitled to 0.0453948382650 (“the conversion ratio”) Sygnia Itrix 4th Industrial Revolution Global Equity ETF securities for every letter of allocation (“LA”) issued. The LAs will be converted to Sygnia Itrix 4th Industrial Revolution Global Equity ETF securities in the subscriber’s CSDP or broker account. 2. Issued securities and listing The Sygnia Itrix 4th Industrial Revolution Global Equity ETF will issue 6 835 016 (six million eight hundred and thirty five thousand and sixteen) securities to list on the “Exchange Traded Funds” sector of the main board of the JSE Limited, at an issue price of approximately R 22.03 per security, to commence trading on Wednesday, 6 December 2017. 5 December 2017 Sygnia Itrix (RF) Pty Limited Date: 05/12/2017 02:31:00 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.