NEWFUNDS COLLECTIVE INVEST SCHEME - NFEVAL - Results of the initial offer for participatory interests in the NewFunds Value Equity ETF

NFEVAL - Results of the initial offer for participatory interests in the NewFunds Value Equity ETF

NEWFUNDS COLLECTIVE INVESTMENT SCHEME IN SECURITIES establishment of the
NEWFUNDS VALUE EQUITY ETF
JSE Share Code: NFEVAL
ISIN: ZAE000252466
(“NewFunds Value Equity ETF” or the “Portfolio”)

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 and managed by NewFunds
(RF) Proprietary Limited (Registration Number 2005/034899/07) (the “Manager”).

RESULTS OF THE INITIAL OFFER FOR PARTICIPATORY INTERESTS IN THE NEWFUNDS VALUE
EQUITY ETF

Further to the announcement released on SENS on 15 December 2017 regarding the listing approval of
the Portfolio and the timetable for the initial offer (“Offer”) of the participatory interests, the Manager
hereby announces the results of the Offer.

1. Total subscription

The total subscription in the amount of ZAR 33,644,900.00 (thirty three million six hundred and forty four
thousand nine hundred) was received in respect of the Offer. One letter of allocation (“LA”) will be issued
for every Rand subscribed to the subscriber’s CSDP or broker account on Monday, 19 March 2018, and
the corresponding Rand amount debited.

2. Conversion ratio of the LA

The LAs will be converted to NewFunds Value Equity ETF participatory interests in the subscribers’
CSDP or broker accounts in terms of the conversion ratios that will be published on Friday,
23 March 2018. The ratio of the participatory interest will equate to approximately 1/10th (one tenth) of the
index level during the ramp-up period as set out in the Portfolio Supplement.

Johannesburg
16 March 2018

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

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