Index Change Advice – 20180925 FTSE JSE Ground Rules Update Review Schedule FTSE/JSE Africa Index Series Ground Rule Update: Review Schedule 26 July 2018 FTSE/JSE would like to inform clients of the following updates to the FTSE/JSE Africa Index Series Ground Rules which is effective immediately. New Rules Section 4: Index Construction 4.3.7 Free Float Review Free float will be calculated using available published information rounded to 12 decimal places. Underlying data for the calculation of free float is collected on an ongoing basis, and the detailed free float percentage as maintained by the JSE is updated accordingly. June Updates In June, a constituent’s free float will be updated regardless of size. No buffers are applied. The data cut-off for the June changes will usually be at the close of business on the Friday five weeks prior to the implementation date. Any change to this cut-off date will be subject to advanced notification. March, September and December Updates At the March, September and December quarterly updates, a constituent with a free float of greater than 15% will have their free float updated if it moves by more than 3 percentage points above or below the existing free float. For example, Company A on a free float of 30% would trigger a change if its free float moved to above 33% or below 27%. A constituent with a free float of 15% or below will be subject to a 1 percentage point threshold. For example, Company B on a free float of 8% would trigger a change if its free float moved to above 9% or below 7%. Quarterly updates to free float will be applied after the close of business on the third Friday of March, June, September and December. The data cut-off for these quarterly changes will be the close of business on the Friday five weeks prior to the implementation date in March, September and December. Section 6: Changes to Constituent Companies 6.6.3 Quarterly Updates In June, a constituent’s shares is updated regardless of size. No buffers are applied. The data cut-off for the June changes will usually be at the close of business on the Friday five weeks prior to the implementation date. Any change to this cut-off date will be subject to advanced notification. In March, September and December share changes greater than 1% will be updated. The data cut-off for the March, September, and December changes will be the close of business on the Friday five weeks prior to the implementation date. Quarterly updates to shares are applied after the close of business on the third Friday of March, June, September and December. An updated copy of the FTSE/JSE Africa Index Series Ground Rules (v5.7) is now available on the FTSE Russell and JSE websites: www.ftserussell.com https://www.jse.co.za/ For further information please contact FTSE Russell Client Services at info@ftserussell.com or call: Australia +1800 653 680 Hong Kong +852 2164 3333 Japan +81 3 4563 6346 London +44 (0) 20 7866 1810 New York +1866 551 0617 JSE Limited +27 11 520 7000 Alternatively please visit our website at www.ftserussell.com Terms of Use | Copyright © 2018 FTSE Russell Date: 26/07/2018 05:10:00 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.