Implementation of the Change to the FTSE/JSE capped INDI 25 Index-STXIND SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX INDI PORTFOLIO JSE Code: STXIND ISIN: ZAE000036364 ("Satrix Indi" or the "ETF") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 IMPLEMENTATION OF THE CHANGE TO THE FTSE/JSE CAPPED INDI 25 INDEX Holders of Satrix Indi securities are referred to the communication sent out by the Satrix Collective Investment Scheme on 22 December 2017 regarding the proposed name change of the portfolio and the change of the underlying index which the Satrix Indi ETF tracks. The change in the name to Satrix Capped Indi Portfolio and change to the FTSE/JSE Capped Indi 25 Index (J311) has become effective as from Monday, 19 March 2018. As per the SENS Announcement, the implementation of the FTSE/JSE Capped Indi 25 Index has had no effect on either the number of issued Satrix I n d i securities, or the value of each Satrix I n d i security. There is however a difference in the closing index levels of the FTSE/JSE Indi 25 Index and the FTSE/JSE Capped Indi 25 Index which required that an adjustment be made to the amount that each Satrix Indi security represents of the FTSE/JSE Capped Indi 25 Index. Therefore to cater for the difference in the closing index levels a factor of 1.02023 (“Adjustment Factor”) was calculated based on the closing index level of the FTSE/JSE Indi 25 Index of 76561 relative to that of the FTSE/JSE Capped Indi 25 Index of 75043.2 on close of business on Friday, 16 March 2018. Previously each Indi security tracking the FTSE/JSE Indi 25 Index represented 1/1000th of the index level plus an amount which reflects a pro rata portion of any accrued distribution amount within the portfolio. Post the implementation of the new index, each Indi security tracking the FTSE/JSE Capped Indi 25 Index will now represent 1/1000th of the index level x the Adjustment Factor of 1.02023 (the adjustment factor) plus an amount which reflects a pro rata portion of any accrued distribution amount within the portfolio. 19 March 2018 Sponsor Vunani Corporate Finance Date: 19/03/2018 03:45:00 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.