Rebalancing of the Satrix Property Portfolio SATRIX COLLECTIVE INVESTMENT SCHEME SATRIX PROPERTY PORTFOLIO JSE Code: STXPRO ISIN: ZAE000240131 ("Satrix Prop" or the “ETF”) A portfolio in the Satrix Collective Investment Scheme, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 REBALANCING OF THE SATRIX PROPERTY PORTFOLIO Notice is hereby given that the quarterly review of the FTSE/JSE Prop Index has resulted in a rebalancing of the Satrix Prop ETF Portfolio. There have been changes to the Satrix Prop constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Previous New Code Share weight weight ATT Attacq Limited 3.66% 3.93% AWA Arrowhead Properties A 1.86% 1.38% Capital&Counties Prop CCO pl 5.32% 4.97% CRP Capital & Regional Plc 0.16% 0.11% DLT Delta Property Fund Ltd 1.01% 0.83% EMI Emira Property Fund Ltd 2.07% 2.24% EPP Echo Polska Prop N.V. 2.01% 2.10% EQU Equites Prop Fund Ltd 2.90% 3.19% FFA Fortress Inc Fund Ltd A 6.41% 7.34% FFB Fortress Inc Fund Ltd B 4.55% 4.64% GRT Growthpoint Prop Ltd 9.33% 10.10% HMN Hammerson plc 2.55% 2.06% HYP Hyprop Inv Ltd 7.72% 7.46% ITU INTU PROPERTIES PLC 8.01% 6.40% MSP MAS Real Estate Inc. 2.96% 2.94% NRP NEPI Rockcastle PLC 9.87% 10.03% OCT Octodec Invest Ltd 1.02% 1.04% RDF Redefine Properties Ltd 9.97% 10.16% Rebosis Property Fund REB Lt 1.26% 0.56% RES Resilient Prop Inc Fund 5.94% 6.70% Redefine International RPL P 1.70% 1.57% SAC SA Corp Real Estate Ltd 3.31% 3.02% SSS Stor-Age Prop REIT Ltd 1.22% 1.47% Vukile Property Fund VKE Ltd 5.18% 5.77% 100.00% 100.00% These changes were applied after the close of business on Friday, 21 December 2018 and are effective from Monday, 24 December 2018. Sandton 27 December 2018 Sponsor Vunani Corporate Finance Date: 27/12/2018 02:00:00 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.