Index Rebalance Announcement STANLIB TOP 40 FUND ("STANLIB40")(being a portfolio under the STANLIB ETF CIS registered in the Republic of South Africa in terms of the Collective Investment Schemes Control Act “CISCA”) Share Code: STAN40 Abbreviated Name: STANLIB40 ISIN: ZAE000182432 ("STAN40") Index Rebalance Announcement Notice is hereby given that a quarterly review of the FTSE/JSE TOP40 Index, has resulted in a rebalancing of the STANLIB TOP 40 FUND: The complete list of current constituents and their respective weightings have been included in the table below: Code Share Name Previous New weight weight AGL ANGLO AMERICAN PLC 4.46% 4.04% ANG ANGLOGOLD ASHANTI LTD 0.81% 0.81% APN ASPEN PHARMACARE HOLDINGS LIMITED 1.59% 1.63% BGA BARCLAYS AFRICA GROUP LTD 1.64% 1.73% BID BID CORPORATION LTD 1.63% 1.64% BIL BILLITON PLC 8.21% 8.56% BTI BRITISH AMERICAN TOBACCO PLC 4.35% 3.44% BVT BIDVEST LTD 1.05% 1.13% CFR COMPAGNIE FIN RICHEMONT 9.80% 10.02% CPI CAPITEC BANK HOLDINGS LTD 0.79% 0.85% DSY DISCOVERY HOLDINGS LIMITED 0.85% 0.93% FFA FORTRESS INCOME FUND LIMITED 0.32% 0.34% FFB FORTRESS B 0.48% 0.50% FSR FIRST RAND LIMITED 2.86% 2.95% GFI GOLD FIELDS LTD 0.66% 0.71% GRT GROWTHPOINT PROPERTIES 1.12% 1.21% INL INVESTEC LIMITED 0.38% 0.39% INP INVESTEC PLC 0.87% 0.89% ITU INTU PROPERTIES PLC 0.61% 0.64% LHC LIFE HEALTH CARE LTD 0.58% 0.60% MEI MEDICLINIC INTERNATIONAL PLC 0.65% 0.65% MND MONDI LIMITED 0.58% 0.62% MNP MONDI PLC 1.82% 1.93% MRP MR PRICE GROUP LIMITED 0.82% 0.89% MTN MTN GROUP LIMITED 3.71% 3.95% NED NEDBANK GROUP LIMITED 0.77% 0.80% NPN NASPERS LTD 24.78% 23.24% NRP NEPI ROCKCASTLE PLC 1.07% 1.21% OML OLD MUTUAL Plc 2.82% 2.86% RDF REDEFINE PROPERTIES LIMITED 0.82% 0.85% REM REMGRO LIMITED 1.75% 1.84% RMH RMB HOLDINGS LIMITED 0.70% 0.74% RNI REINET INVESTMENTS 0.67% 0.67% SAP SAPPI LTD 0.88% 0.85% SBK STANDARD BANK GROUP LIMITED 3.59% 3.70% SHP SHOPRITE HLDGS. 1.55% 1.52% SLM SANLAM LIMITED 2.11% 2.19% SNH STEINHOFF N.V. 0.25% 0.34% SOL SASOL LIMITED 3.71% 3.92% TBS TIGER BRANDS LIMITED 1.11% 1.14% VOD VODACOM GROUP LIMITED 1.35% 1.39% WHL WOOLWORTHS HOLDINGS LIMITED 0.89% 0.91% The following constituents have been added to STANLIB40: Code Share Previous New weight weight RES RESILIENT REIT LIMITED 0.00% 0.76% The following constituents have been removed from STANLIB40: Code Share Previous New weight weight NTC BRAIT SA 0.47% 0.00% These changes are effective from Monday, 18 December 2017. Johannesburg 21 December 2017 Sponsor The Standard Bank of South Africa Limited Date: 21/12/2017 02:04:00 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.