NEWFUNDS COLLECTIVE INVEST SCHEME - NFEVAL: Listing Of The NEWFUNDS Value Equity ETF .

NFEVAL: Listing Of The NEWFUNDS Value Equity ETF .

NEWFUNDS COLLECTIVE INVESTMENT SCHEME IN SECURITIES

NEWFUNDS VALUE EQUITY EXCHANGE TRADED FUND

A Portfolio under the NewFunds Collective Investment Scheme in Securities (“NewFunds”) registered as
such in terms of the Collective Investment Schemes Control Act, 45 of 2002.

JSE Share Code: NFEVAL
ISIN: ZAE000252466
(“NewFunds Value Equity ETF” or the “Portfolio”)

01 March 2018

LISTING OF THE NEWFUNDS VALUE EQUITY ETF IN THE EXCHANGE TRADED FUND SECTOR
AND ON THE MAIN BOARD OF THE JSE LIMITED (“JSE”).

This announcement is issued in compliance with section 19.27 of the JSE Listings Requirements and is
issued for information purposes pertaining to the listing of the Portfolio.

INTRODUCTION

The NewFunds Value Equity ETF is managed by NewFunds (RF) Proprietary Limited (the “Manager”) and
has been established with the intention of allowing an investor to obtain market exposure to a diversified
basket of 30 constituent securities in the South African equity market which exhibit value characteristics
in their performance by tracking the NewFunds Wits Risk-Controlled SA-Value Index (the “Index”). The
Value risk premia is measured by a multi factor value approach (low price-to-earnings and price-to-book
ratios). The Index applies liquidity filters to target only highly liquid securities listed on the JSE; and is
weighted using a risk parity approach.
The establishment of this Portfolio completes NewFunds equity factor range which also includes
NewFunds Value Equity ETF and NewFunds Momentum Equity ETF.

APPROVAL

Approval for the listing of the NewFunds Value Equity ETF was granted by the JSE on 27 November
2017.

LISTING AND OFFERING SUMMARY

Investors are able to participate by acquiring Participatory Interest in the Portfolio by way of an initial offer.
The initial offer is available to both retail and institutional Investors, and is available via:
    -   an investment or trading platform
    -   the participant broker
    -   any JSE broker member
    -   the applicant’s CSDP
During the initial offer, applicants shall be entitled to subscribe for participatory interests either in cash or
in-specie at the offer price. There is no minimum or maximum number of Participatory Interests which
may be issued in terms of the initial offer.

RAMP UP PERIOD

This refers to the period where underlying securities will be acquired by the NewFunds Value Equity ETF
with the proceeds from the initial offer.
SALIENT DATES AND TIMES AND FURTHER ANNOUNCEMENT

SENS announcements of Listing Approval                                       Friday 15 December 2017
Opening date of Initial Offer at 9:00 on                                       Thursday 1 March 2018
Closing date of Initial Offer at 12:00 on                                     Thursday 15 March 2018
Publication of announcement on SENS as to the results of the initial offer      Friday 16 March 2018
Letters of allocation issued                                                    Friday 16 March 2018
Settlement of the LA                                                            Monday 19 March 2018
Opening Date of Ramp-Up Period at 09:00 on                                      Monday 19 March 2018
Closing Date of Ramp-Up Period* at 17:00 on                                   Thursday 22 March 2018
Conversion ratio published                                                      Friday 23 March 2018
Listing Date (In Specie Subscriptions) at 09:00 on                              Monday 26 March 2018
Listing Date (Cash Subscriptions)* at 09:00 on                                  Monday 26 March 2018

Notes:
    1. One letter of allotment (“LA”) will be issued for every one Rand subscription against a
       subscriber’s CSDP or broker account being debited with the Rand amount. Once the baskets
       have been acquired on behalf of the Portfolio, the CSDP will convert the LAs to participatory
       interests in the CSDP accounts in accordance with the conversion ratio to be published on the
       Stock Exchange News Service of the JSE.
    2. An announcement of the initial offer price in respect of cash subscriptions and the basis of
       allocations of participatory interests will be announced on 23 March 2018.
    3. Late applications will not be accepted.

Applicants should contact their professional advisor, JSE broker member, investment/trading platform, the
participant broker or CSDP to ascertain the timing for submission of applications, as this will vary
dependant on the professional advisor, broker, investment/trading platform or CSDP in question.

COPIES OF PORTFOLIO SUPPLEMENT

Copies of the Offering Circular and the Applicable Portfolio Supplement are available on the NewFunds
website: www.etfcib.absa.co.za.



Johannesburg

Market Maker and JSE sponsor
Absa Corporate and Investment Banking, a division of Absa Bank Limited

Legal Adviser
Bowman Gilfillan Inc.

Date: 01/03/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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.