Listing of the Satrix Momentum Portfolio on the Main Board of the JSE in the Exchange Traded Fund Sector SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX MOMENTUM PORTFOLIO JSE Code: STXMMT ISIN: ZAE000264008 ("Satrix Momentum" or the "Portfolio") A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. LISTING OF THE SATRIX MOMENTUM PORTFOLIO AND THE SCHEME REFERENCING THE PROPRIETARY SATRIX MOMENTUM INDEX ON THE MAIN BOARD OF THE JSE LIMITED (“JSE”) IN THE EXCHANGE TRADED FUND SECTOR. This announcement is issued for information purposes only relating to the listing of the portfolio on the JSE. 1. Introduction Satrix Momentum Index participatory interests provide the investors with exposure to listed securities which exhibit strong price and earnings momentum behaviors, as defined the index calculation methodology. 2. Listing approval Approval for the listing of the participatory interest in the portfolio was granted by the JSE on 19 October 2018. 3. Summary of the offer 3.1. Issuer Satrix Momentum, a portfolio in the Satrix Collective Investment Scheme in Securities, registered in terms of the Collective Investment Schemes Control Act, No 45 of 2002. 3.2. ISIN: ZAE000264008 3.3. Share code: STXMMT 3.4. Long name: SATRIX MOMENTUM PORTFOLIO 3.5. Abbreviated name: SATRIXMMT 3.6. Index: PROPRIETARY SATRIX MOMENTUM INDEX Factors are measurable characteristics of stocks that may in some way explain future performance. A factor (or smart beta) index is a rules-based construction of stocks that exhibit particular attributes. Momentum is one such factor. To capture the Momentum investment style and its effect, Satrix has developed the proprietary Satrix Momentum Index. It aims to capture the return of the equity market enhanced by the momentum risk premium. This is achieved by constructing a portfolio tilted toward stocks (or equities) that display positive momentum characteristics and away from stocks showing negative momentum characteristics. The index is rebalanced 8 times a year. 3.7. Distribution or accounting period Quarterly distributions in three month periods ending on the last day of March, June, September and December, or such other date as may be determined by the manager in consultation with the trustee from time to time and as announced on SENS. 3.8. The ramp up period It is the period during which the manager will procure the acquisition of baskets with the cash proceeds from the initial offer and will be announced at the close of the offer. 4. Salient dates and times 4.1. Opening date of the initial offer at 09:00 on Wednesday, 24 October 2018 4.2. Closing date of the initial offer at 12:00 on Wednesday, 07 November 2018 4.3. Ramp up period in respect of cash subscriptions commences on Friday, 09 November 2018 4.4. Settlement of Letters of allocation on Friday, 09 November 2018* 4.5. Publication of announcement on SENS as to the results of the initial offer on Friday, 09 November 2018 4.6. Publication of conversion ratio on Thursday, 15 November 2018 4.7. Listing date at 9:00 on Friday, 16 November 2018 * One letter of allocation (“LA”) will be issued for every Rand subscription against a subscriber’s CSDP or broker account being debited with the Rand amount. Once the baskets of Index constituents have been acquired, STRATE will convert the LAs to Satrix securities in the CSDP accounts in terms of the conversion ratios that will be published on SENS. 5. Copies of the supplement to the offering circular A supplement to the offering circular detailing this offer is available on the website of the Satrix Collective Investment Scheme on www.satrix.co.za 23 October 2018 Satrix Managers (RF) Pty Limited Sponsor Vunani Corporate Finance Date: 23/10/2018 10:45:00 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.