Abridged Results as at 31 December 2017 - CSP500 CORESHARES GLOBAL INVESTMENTS PCC INSTRUMENT: CORESHARES S&P 500 ETFETF ABBREVIATED NAME: CoreSP500 SHARE CODE: CSP500 ISIN CODE: MU0519N00036 ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 31-Dec-2017 31-Dec-16 USD USD INCOME Dividend income 505 600 66 408 Unrealised gain on financial assets at fair value through profit or loss 4 583 643 611 611 Realised gain on financial assets at fair value through profit or loss 273 353 - Realised gain on foreign exchange 603 - 5 363 199 678 019 EXPENSES Bank charges - 120 Custody fees 7 641 - Management fees 105 536 - Brokerage fees 27 548 19 193 140 725 19 313 Profit before taxation 5 222 474 658 706 Taxation (14 889) (1 935) Profit for the period 5 207 585 656 771 Other comprehensive income - - Total comprehensive income for the period 5 207 585 656 771 STATEMENT OF FINANCIAL POSITION 31-Dec-2017 31-Dec-16 USD USD ASSETS Financial assets at fair value through profit or loss 39 912 967 13 864 343 Other receivables 160 343 57 280 Cash at bank 95 543 87 761 Total assets 40 168 853 14 009 384 LIABILITIES Other payables 119 303 - Tax liability 4 854 1 935 Total liabilities 124 157 1 935 Net assets attributable to holders of participating shares 40 044 696 14 007 449 STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO HOLDERS OF PARTICIPATING SHARES USD At 14 April 2016 - Increase in net assets attributable to holders of participating shares 656 771 Issue of participating shares during the period 13 350 678 At 31 December 2016 14 007 449 Increase in net assets attributable to holders of participating shares 5 207 585 Issue of participating shares during the period 22 972 215 Redemption of participating shares during the period (1 592 119) Dividend paid (550 434) At 31 December 2017 40 044 696 STATEMENT OF CASH FLOWS 31-Dec-2017 31-Dec-16 USD USD Cash flows from operating activities Profit before taxation 5 222 474 658 706 Adjustments: Realised gain on financial assets at fair value through profit or loss (273 353) - Unrealised gain on financial assets at fair value through profit or loss (4 583 643) (611 611) Dividend income (505 600) (66 408) Tax paid (11 970) - Changes in working capital: Other receivables 96 (96) Other payables 119 303 - Net cash used in operating activities (32 693) (19 409) Cash flows from investing activities Acquisition of investments (22 786 619) (13 252 732) Proceeds from disposal of investment 1 594 991 - Dividend received 402 441 9 224 Net cash used in investing activities (20 789 187) (13 243 508) Cash flows from financing activities Proceeds from issue of participating shares 22 972 215 13 350 678 Proceeds from disposal of shares -1 592 119 - Dividend paid (550 434) 13 350 678 Net cash generated from financing activities 20 829 662 13 350 678 Net increase in cash and cash equivalents 7 782 87 761 Cash and cash equivalents at start of the period 87 761 - Cash and cash equivalents at end of the period 95 543 87 761 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 04:40:00 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.