Rebalancing of the Satrix Rafi 40 Portfolio - STXRAF SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX RAFI PORTFOLIO JSE code: STXRAF ISIN code: ZAE000126033 ("Satrix Rafi 40" 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 REBALANCING OF THE SATRIX RAFI 40 PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Rafi 40 Index has resulted in a rebalancing of the Satrix Rafi 40 Portfolio. There have been changes to the Satrix Rafi 40 constituents and constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight AGL Anglo American plc 8.41% 6.15% ANG AngloGold Ashanti Ltd 1.08% 1.36% APN Aspen Pharmacare Holdings Ltd 0.75% 0.92% BAW Barloworld Ltd 1.56% 1.17% BAT Brait SE 0.35% 0.00% BGA Barclays Africa Group Ltd 2.60% 4.08% BID Bid Corporation Ltd 1.76% 1.42% BIL BHP Billiton Plc 9.63% 10.37% BTI British American Tobacco plc 2.05% 1.80% BVT The Bidvest Group Ltd 0.99% 0.90% CFR Compagnie Financière Richemont SA 6.70% 7.18% EXX Exxaro Resources Ltd 0.00% 0.60% FSR FirstRand Ltd 3.35% 3.17% GFI Gold Fields Ltd 1.90% 1.59% GRT Growthpoint Properties Ltd 1.26% 1.40% GLN Glencore plc 0.99% 1.02% IMP Impala Platinum Holdings Ltd 0.80% 0.80% INL Investec Ltd 0.00% 0.74% INP Investec plc 1.21% 1.67% IPL Imperial Holdings Ltd 1.62% 1.44% ITU Intu Properties plc 1.15% 1.24% KIO Kumba Iron Ore Ltd 1.15% 0.00% MMI MMI Holdings Ltd 0.57% 0.00% MNP Mondi plc 1.65% 2.23% MTN MTN Group Ltd 8.99% 6.25% NED Nedbank Group Ltd 1.35% 1.57% NPN Naspers Ltd 5.59% 3.54% NTC Netcare Ltd 0.50% 0.75% OML Old Mutual plc 5.47% 6.64% RDF Redefine Properties Ltd 0.76% 0.94% REM Remgro Ltd 1.32% 1.39% SAP Sappi Ltd 1.35% 1.24% SBK Standard Bank Group Ltd 6.34% 6.11% SGL Sibanye Gold Ltd 0.00% 0.61% SHP Shoprite Holdings Ltd 1.60% 1.59% SLM Sanlam Ltd 2.87% 2.39% Steinhoff International Holdings SNH N.V. 0.23% 2.48% SOL Sasol Ltd 7.85% 7.98% SPP The SPAR Group Ltd 0.78% 0.93% TBS Tiger Brands Ltd 0.79% 0.70% TKG Telkom SA SOC Ltd 0.41% 0.78% VOD Vodacom Group Ltd 1.43% 1.70% WHL Woolworths Holdings Ltd 0.85% 1.17% 100.00% 100.00% The following constituents have been added to the Satrix Rafi 40: Previous New Code Share weight weight EXX Exxaro Resources Ltd 0.00% 0.60% INL Investec Ltd 0.00% 0.74% SGL Sibanye Gold Ltd 0.00% 0.61% The following constituents have been removed from the Satrix Rafi 40: Previous New Code Share weight weight BAT Brait SE 0.35% 0.00% KIO Kumba Iron Ore Ltd 1.15% 0.00% MMI MMI Holdings Ltd 0.57% 0.00% These changes were applied after the close of business on 16 March 2018 and are effective from 19 March 2018. Sandton 20 March 2018 Sponsor Vunani Corporate Finance Date: 20/03/2018 05:00:00 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.