Change to Index Constituents Effective 1 November 2019 - NFEDEF NEWFUNDS SA TARGET VOLATILITY DEFENSIVE EQUITY EXCHANGE TRADED FUND PORTFOLIO Share code: NFEDEF ISIN: ZAE000254868 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) CHANGE TO INDEX CONSTITUENTS EFFECTIVE 1 NOVEMBER 2019 In terms of section 19.28 of the JSE Limited Listings Requirements (JSE LRs), notice is hereby given to the Investors of the above ETF securities that the ETF portfolio was rebalanced on 31 October 2019 as a result of the Index rebalance, and that the following changes to the constituents of the underlying index has been effect in the portfolio effective on 01 November 2019. Constituent(s) added to index Constituent(s) removed from index NFEDEF - EXXARO RESOURCES LIMITED (EXX) - GLENCORE PUBLIC LIMITED COMPANY (GLN) - MTN GROUP LIMITED (MTN) - SAPPI LIMITED (SAP) - NASPERS LIMITED (NPN) - SASOL LIMITED (SOL) Investors are advised that the above index is rebalanced on a quarterly basis, and the composition of each of the portfolios may be viewed Capital ETF website. http://etfcib.absa.co.za/downloads/Pages/default.aspx 1 November 2019 Sponsor Vunani Corporate Finance Date: 01/11/2019 03:34:00 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.