Index Change Advice – 20220330 Zeder Investments Unbundling of Kaap Agri Ltd Zeder Investments (South Africa): Unbundling of Kaap Agri (South Africa) FTSE/JSE Africa Index Series 25 March 2022 Subject to the completion of the unbundling of Kaap Agri (South Africa, constituent) shares to Zeder Investments (South Africa, constituent) shareholders, and following notification from the Stock Exchange, please see details of affected indexes and effective dates below: Effective From Index Change Start of Trading FTSE/JSE Small Cap Index (J202) Kaap Agri Distribution Line (South 30 March 2022 Africa, DUMMY0000009, BKV3P79) will be added to the index with a shares in issue total of 31,349,927* and an investability weighting of 50.653513256779%. Zeder Investments (South Africa, ZAE000088431, B1JC2F2) will remain in the index with an unchanged shares in issue total of 1,543,260,354 and an unchanged investability weighting of 50.653513256779%. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Index (J203) Kaap Agri Distribution Line will be added 30 March 2022 to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE RAFI All Share Index Kaap Agri Distribution Line will be added 30 March 2022 (J263) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE RAFI All Share Capped Kaap Agri Distribution Line will be added 30 March 2022 Index (J283) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Effective From Index Change Start of Trading Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE Capped All Share Index Kaap Agri Distribution Line will be added 30 March 2022 (J303) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE Style Index (J330 and Kaap Agri Distribution Line will be added 30 March 2022 J331) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All-Share Minimum Kaap Agri Distribution Line will be added 30 March 2022 Variance Index (J703) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Comprehensive Kaap Agri Distribution Line will be added 30 March 2022 Factor Index (J203CF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Low Volatility Kaap Agri Distribution Line will be added 30 March 2022 Focused Factor Index (J203LF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Momentum Kaap Agri Distribution Line will be added 30 March 2022 Factor Index (J203MF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. Effective From Index Change Start of Trading FTSE/JSE All Share Quality Factor Kaap Agri Distribution Line will be added 30 March 2022 Index (J203QF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Size Factor Kaap Agri Distribution Line will be added 30 March 2022 Index (J203SF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Value Factor Kaap Agri Distribution Line will be added 30 March 2022 Index (J203VF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE All Share Volatility Factor Kaap Agri Distribution Line will be added 30 March 2022 Index (J203VOF) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE Shareholder Weighted All Kaap Agri Distribution Line (South 30 March 2022 Share Index (J403) Africa, DUMMY0000009, BKV3P79) will be added to the index with a shares in issue total of 31,349,927* and an investability weighting of 50.653513256779%. Zeder Investments (South Africa, ZAE000088431, B1JC2F2) will remain in the index with an unchanged shares in issue total of 1,543,260,354 and an unchanged investability weighting of 50.653513256779%. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. FTSE/JSE Capped Shareholder Kaap Agri Distribution Line will be added 30 March 2022 Weighted All Share Index (J433) to the index as detailed above. Zeder Investments will remain in the index as detailed above. Kaap Agri Distribution Line will be 06 April 2022 deleted from the index. Effective From Index Change Start of Trading FTSE/JSE Fledgling Index (J204) Kaap Agri (South Africa, 06 April 2022 ZAE000244711, BYSXZM5) will remain in the index with an unchanged shares in issue total of 74,170,277 and an increased investability weighting from 32.028834137966% to 53.438811383885%. * The Kaap Agri Distribution Line represents the value of the unbundling, using the terms 1 Kaap Agri Distribution Line share for 49.22692 Zeder Investments shares held. The ICB classification for the Kaap Agri Distribution Line will be 30202010 (Asset Managers & Custodians). The removal date for the Kaap Agri Distribution Line is based on the settlement date of the unbundling being 04 April 2022. Effective Wednesday 30 March 2022: A capital repayment will be applied to Zeder Investments to reflect the value of the unbundling. 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