Results Of The Initial Offer And Conversion Ratio Of The Stanlib MSCI World Index Feeder ETF - ETFWLD STANLIB Collective Investments Limited (Registration number 1969/003468/06) (“STANLIB” or “the Manager”) (being the manager of the STANLIB ETF) STANLIB MSCI WORLD INDEX FEEDER ETF (“ETFWORLD”) (being a portfolio under the STANLIB Collective Investment Scheme (“STANLIB CIS”) registered in the Republic of South Africa in terms of the Collective Investment Schemes Control Act, 45 of 2002 (“CISCA”)) Share Code: ETFWLD ISIN: ZAE000255170 Abbreviated Name: ETFWORLD RESULTS OF THE INITIAL OFFER AND CONVERSION RATIO OF THE STANLIB MSCI WORLD INDEX FEEDER ETF Further to the announcement published on SENS on 16 February 2018 regarding the listing approval and initial offer of ETFWORLD securities, cash subscriptions in the amount of R6,984,000 were received. One letter of allocation (“LA”) was issued for every Rand subscribed to the subscriber’s CSDP or broker account and the corresponding Rand amount debited. STRATE will convert the LA to ETFWORLD securities in the subscriber’s CSDP or broker accounts in terms of the conversion ratio of 0.030638602520046 ETFWORLD securities per 1 LA issued. Accordingly, a total of 213,979 ETFWORLD securities will be issued to list in the “Exchange Traded Funds” sector of the Main Board of the JSE, subject to JSE approval, at an issue price of approximately R32.64 per security, with effect from the commencement of trade on Wednesday, 14 March 2018. Johannesburg 12 March 2018 Investment Bank and Sponsor The Standard Bank of South Africa Limited Date: 12/03/2018 12:00:00 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.