NGPLT/ NGNPLT - Change to the subscription block size of NewPlat Debentures NEWGOLD ISSUER (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration No. 2004/014119/06) (“NewGold” or the “Company”) JSE Share code: NGPLT NSX Share code: NGNPLT ISIN code: ZAE000177580 (“NewPlat ETF”) CHANGE TO THE SUBSCRIPTION BLOCK SIZE OF NEWPLAT DEBENTURES The NewPlat ETF prospectus issued on 18 April 2013 (the “Prospectus”) makes provisions for In Specie Subscriptions and Redemptions of the NewPlat Bullion Debentures (“Debentures”) whereby an Investor may subscribe/redeem Debentures in exchange for an In Specie delivery of Platinum Bullion, to the extent that the investor is allowed and approved to deliver/receive Platinum Bullion, subject to the minimum number of Debentures, which is currently 400 000 (the “Block”), which may be traded for an In Specie transaction to be fulfilled. One of the primary benefits of Exchange Traded Funds (“ETFs”) such as NewPlat ETF in particular, is that the ETF security should be easily tradeable or liquid. Liquidity is largely dependent on the ease and efficiency at which they can be created, bought, sold, redeemed and administered. NewGold Issuer has determined that the size of the Block needs to be reduced in order to maximise liquidity for all market participants. NewGold Issuer (RF) Limited hereby gives notice that, as of 1 December 2018, the In Specie trading Block will be reduced from 400,000 to 100,000 Debentures by the amendment of the definition of Block in Annexure A of the Prospectus as follows: “Block” means 100 000 Bullion Debentures”. This amendment will not prejudice or diminish the rights of investors nor will it adversely affect the terms and conditions of Debentures currently in issue to investors. Investors may direct any questions or queries to the manager bon the following email address etpmanagers@barclayscapital.com within seven (7) business days of the publication of this announcement. All items capitalised herein are defined in the Prospectus and reference must made thereto. 19 November 2018 Sponsor Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 19/11/2018 07:05:00 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.