Abridged Results as at 31 December 2017 - GLPROP CORESHARES GLOBAL INVESTMENTS PCC INSTRUMENT: CORESHARES S&P GLOBAL PROPERTY ETF ABBREVIATED NAME: CoreGProp SHARE CODE: GLPROP ISIN CODE: MU0518N00038 ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 31-Dec-17 31-Dec-16 USD USD INCOME Dividend income 630 352 79 007 Unrealised gain on financial assets at fair value through profit or loss 1 272 178 134 437 Gain on exchange 266 719 - Other Income 18 - 2 169 267 213 444 EXPENSES Custody fees 21 105 - Management fees 73 141 - Loss on disposal of financial assets at fair value through profit or loss 297 047 19 636 Loss on exchange - 200 266 Brokerage fees 30 632 16 268 421 925 236 170 Profit/(loss) before taxation 1 747 342 (22 726) Taxation (88 476) (10 181) Profit/(loss) for the period 1 658 866 (32 907) Other comprehensive income - - Total comprehensive income for the period 1 658 866 (32 907) STATEMENT OF FINANCIAL POSITION 31-Dec-17 31-Dec-16 USD USD ASSETS Financial assets at fair value through profit or loss 23 394 637 10 440 212 Other receivables 76 779 37 950 Cash at bank 153 992 619 448 Total assets 23 625 408 11 097 610 LIABILITIES Tax payable 4 997 - Other payables 81 191 - Total liabilities 86 188 - Net assets attributable to holders of participating shares 23 539 220 11 097 610 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF PARTICIPATING SHARES USD At 14 April 2016 - Decrease in net assets attributable to holders of participating shares (32 907) Issue of participating shares during the period 11 130 517 At 31 December 2016 11 097 610 Increase in net assets attributable to the holders of participating shares 1 658 866 Redemption of participating shares during the year (1 296 469) Refund during the year (4 608) Issue of participating shares during the year 12 753 797 Dividend paid (669 976) At 31 December 2017 23 539 220 STATEMENT OF CASH FLOWS 31-Dec-17 31-Dec-16 USD USD Cash flows from operating activities Profit/(loss) before taxation 1 747 342 (22 726) Adjustments: Unrealised gain on financial assets at fair value through profit or loss (1 272 178) (134 437) Unrealised foreign exchange (gain)/loss on retranslation of investments (286 669) 176 670 Dividend income (630 352) (79 007) Loss on disposal of financial assets at fair value through profit or loss 297 047 19 636 (144 810) (39 864) Tax paid (83 479) (10 181) Decrease in other receivables 1 304 (1 304) Increase in other payables 81 191 - Net cash used in operating activities (145 794) (51 349) Cash flows from investing activities Acquisition of investments (16 272 605) (10 765 211) Proceeds from disposal of investments 4 579 980 263 130 Dividend received 590 219 42 361 Net cash used in investing activities (11 102 406) (10 459 720) Cash flows from financing activities Proceeds from issue of participating shares 12 753 797 11 130 517 Redemption of participating shares -1 296 469 - Refund of proceeds of participating shares -4 608 - Dividend paid (669 976) - Net cash generated from financing activities 10 782 744 11 130 517 Net (decrease)/ increase in cash and cash equivalents (465 456) 619 448 Cash and cash equivalents at start of the period 619 448 - Cash and cash equivalents at end of the period 153 992 619 448 The above Audited Abridged Financial Statements for the year ended 31 December 2017 have been prepared in compliance with International Financial Reporting Standards. The Board of Directors of CoreShares Global Investments PCC accepts full responsibility for the accuracy of the information contained in these Abridged Financial Statements. The full financial statements are available on www.coreshares.co.za Sponsor: Grindrod Bank Limited 04 April 2018 Date: 04/04/2018 04:35:00 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.