PrefTrax general update - PREFTX CoreShares Index Tracker Managers (RF) Proprietary Limited Coreshares Preftrax Share code: PREFTX ISIN: ZAE000185658 ("PrefTrax") A portfolio in the CoreShares Index Tracker Collective Investment Scheme (formerly Grindrod Index Tracker Collective Investment Scheme)(“the Scheme”) registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF) Proprietary Limited (formerly Grindrod Index Tracker Managers Proprietary Limited)(“the Manager”) PrefTrax general update PrefTrax, an index tracking fund, is mandated to passively track the FTSE/JSE Preference Share Index (J251 Index) as closely as possible. Accordingly, PrefTrax takes guidance from the FTSE/JSE Africa Index Series Ground Rules (v5.5) in all instances. As of Wednesday 1 March 2018, PrefTrax holds Steinhoff Investment Holdings Limited - variable rate, cumulative, non-redeemable, non-participating preference shares (“SHFF”), as required by the J251 Index in a weight of 2.9%. As of Wednesday 1 March 2018, SHFF, a constituent share of PrefTrax, was suspended from trading. Please refer to the general announcement released on SENS on Wednesday, 1 March 2018. In line with section 6.5 (Suspension of Dealing) of the FTSE/JSE Africa Index Series Ground Rules (v5.5), PrefTrax will continue to hold the SHFF at the value at which it was suspended of R44.01 per security, until further notice. The FTSE/JSE Africa Index Series Ground Rules (v5.5) is available on the JSE Limited website hosted at www.jse.co.za CoreShares undertakes to update PreffTrax holders of any significant changes. 1 March 2018 Sponsor Grindrod Bank Limited Date: 01/03/2018 10:45:00 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.