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General SENS Submitter Company - Index Change Advice 20220526 Investec Ltd and Plc Unbundling of Ninety One Ltd and Plc UPDATED

Release Date: 27/05/2022 15:34
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Index Change Advice – 20220526 Investec Ltd and Plc Unbundling of Ninety One Ltd and Plc UPDATED

Investec Ltd and Investec Plc (South Africa): Unbundling of Ninety One
                Ltd and Ninety One Plc (South Africa)
                FTSE/JSE Africa Index Series Updated
 Update: Index clients who hold Investec plc on the South African Share Register receive
   Ninety One Ltd shares as a result of the unbundling and not Ninety One Plc shares.
     Consequently, the index dummy line representing the Investec plc distribution
                (DUMMY0000014) is amended to reference Ninety One Ltd

                                           23 May 2022
Subject to the completion of the unbundling of Ninety One Ltd (South Africa, constituent) shares to
Investec Ltd (South Africa, constituent) shareholders and Ninety One Plc (South Africa, constituent)
shares to Investec Plc (South Africa, constituent) shareholders, please see details of affected indexes
and effective dates below:


                                                                                    Effective From
              Index                                  Change
                                                                                   Start of Trading
FTSE/JSE Top 40 Index (J200)         Ninety One Ltd Distribution line (South    26 May 2022
                                     Africa, BKVDVV5, DUMMY0000013) will
                                     be added to the index with a shares in
                                     issue total of 43,852,586* and an
                                     investability weighting of
                                     89.299999957041%.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line (South Africa,
                                     BKVDVW6, DUMMY0000014) will be
                                     added to the index with a shares in
                                     issue total of 95,718,320* and an
                                     investability weighting of
                                     95.854168707313%.

                                     Investec Ltd (South Africa, B17BBR6,
                                     ZAE000081949) will remain in the index
                                     with an unchanged shares in issue
                                     total of 318,904,709 and an
                                     unchanged investability weighting of
                                     89.299999957041%.

                                     Investec Plc (South Africa, B1DHG40,
                                     GB00B17BBQ50) will remain in the
                                     index with an unchanged shares in
                                     issue total of 696,082,618 and an
                                     unchanged investability weighting of
                                     95.854168707313000%.
                                                                                 Effective From
             Index                                 Change
                                                                                Start of Trading
FTSE/JSE Mid Cap Index (J201)      Ninety One Ltd Distribution line will be   26 May 2022
                                   added to the index as detailed above.

                                   Ninety One Plc Ltd (via Investec Plc)
                                   Distribution line will be added to the
                                   index as detailed above.

                                   Investec Ltd will remain in the index as
                                   detailed above.

                                   Investec Plc will remain in the index as
                                   detailed above.




FTSE/JSE All Share Index (J203)    Ninety One Ltd Distribution line will be   26 May 2022
                                   added to the index as detailed above.

                                   Ninety One Plc Ltd (via Investec Plc)
                                   Distribution line will be added to the
                                   index as detailed above.

                                   Investec Ltd will remain in the index as
                                   detailed above.

                                   Investec Plc will remain in the index as
                                   detailed above.


FTSE/JSE Large and Mid Cap Index   Ninety One Ltd Distribution line will be   26 May 2022
(J206)                             added to the index as detailed above.

                                   Ninety One Plc Ltd (via Investec Plc)
                                   Distribution line will be added to the
                                   index as detailed above.

                                   Investec Ltd will remain in the index as
                                   detailed above.

                                   Investec Plc will remain in the index as
                                   detailed above.


FTSE/JSE Financial 15 Index        Ninety One Ltd Distribution line will be   26 May 2022
(J212)                             added to the index as detailed above.

                                   Ninety One Plc Ltd (via Investec Plc)
                                   Distribution line will be added to the
                                   index as detailed above.

                                   Investec Ltd will remain in the index as
                                   detailed above.

                                   Investec Plc will remain in the index as
                                   detailed above.
                                                                                   Effective From
             Index                                   Change
                                                                                  Start of Trading
FTSE/JSE Financial & Industrial 30   Ninety One Ltd Distribution line will be   26 May 2022
Index (J213)                         added to the index as detailed above.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line will be added to the
                                     index as detailed above.

                                     Investec Ltd will remain in the index as
                                     detailed above.

                                     Investec Plc will remain in the index as
                                     detailed above.


FTSE/JSE Equally Weighted Top 40     Ninety One Ltd Distribution line will be   26 May 2022
Index (J2EQ)                         added to the index as detailed above.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line will be added to the
                                     index as detailed above.

                                     Investec Ltd will remain in the index as
                                     detailed above.

                                     Investec Plc will remain in the index as
                                     detailed above.


FTSE/JSE Equally Weighted            Ninety One Ltd Distribution line will be   26 May 2022
Financial 15 Index (J4EQ)            added to the index as detailed above.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line will be added to the
                                     index as detailed above.

                                     Investec Ltd will remain in the index as
                                     detailed above.

                                     Investec Plc will remain in the index as
                                     detailed above.


FTSE/JSE RAFI All Share Index        Ninety One Ltd Distribution line will be   26 May 2022
(J263)                               added to the index as detailed above.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line will be added to the
                                     index as detailed above.

                                     Investec Ltd will remain in the index as
                                     detailed above.

                                     Investec Plc will remain in the index as
                                     detailed above.
                                                                                Effective From
             Index                                Change
                                                                               Start of Trading
FTSE/JSE RAFI All Share Capped    Ninety One Ltd Distribution line will be   26 May 2022
Index (J283)                      added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.


FTSE/JSE Capped Top 40 Index      Ninety One Ltd Distribution line will be   26 May 2022
(J300)                            added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.


FTSE/JSE Capped All Share Index   Ninety One Ltd Distribution line will be   26 May 2022
(J303)                            added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.


FTSE/JSE Style Index (J330 and    Ninety One Ltd Distribution line will be   26 May 2022
J331)                             added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.
                                                                                  Effective From
              Index                                 Change
                                                                                 Start of Trading
FTSE/JSE RAFI 40 Index (J260)       Ninety One Ltd Distribution line will be   26 May 2022
                                    added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.


FTSE/JSE All Share Comprehensive    Ninety One Ltd Distribution line will be   26 May 2022
Factor Index (J203CF)               added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.


FTSE/JSE All Share Yield Factor     Ninety One Ltd Distribution line will be   26 May 2022
Index (J203DF)                      added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.


FTSE/JSE All Share Low Volatility   Ninety One Ltd Distribution line will be   26 May 2022
Focused Factor Index (J203LF)       added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.
                                                                                  Effective From
             Index                                  Change
                                                                                 Start of Trading
FTSE/JSE All Share Momentum         Ninety One Ltd Distribution line will be   26 May 2022
Factor Index (J203MF)               added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.


FTSE/JSE All Share Quality Factor   Ninety One Ltd Distribution line will be   26 May 2022
Index (J203QF)                      added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.


FTSE/JSE All Share Size Factor      Ninety One Ltd Distribution line will be   26 May 2022
Index (J203SF)                      added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.


FTSE/JSE All Share Value Factor     Ninety One Ltd Distribution line will be   26 May 2022
Index (J203VF)                      added to the index as detailed above.

                                    Ninety One Plc Ltd (via Investec Plc)
                                    Distribution line will be added to the
                                    index as detailed above.

                                    Investec Ltd will remain in the index as
                                    detailed above.

                                    Investec Plc will remain in the index as
                                    detailed above.
                                                                                   Effective From
              Index                                  Change
                                                                                  Start of Trading
FTSE/JSE All Share Volatility Factor Ninety One Ltd Distribution line will be   26 May 2022
Index (J203VOF)                      added to the index as detailed above.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line will be added to the
                                     index as detailed above.

                                     Investec Ltd will remain in the index as
                                     detailed above.

                                     Investec Plc will remain in the index as
                                     detailed above.


FTSE/JSE Shareholder Weighted All Ninety One Ltd Distribution line (South       26 May 2022
Share Index (J403)                Africa, BKVDVV5) will be added to the
                                  index with a shares in issue total of
                                  43,852,586* and an investability
                                  weighting of 89.299999957041%.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line (South Africa,
                                     BKVDVW6) will be added to the index
                                     with a shares in issue total of
                                     95,718,320* and an investability
                                     weighting of 50.465211300536%.

                                     Investec Ltd (South Africa, B17BBR6)
                                     will remain in the index with an
                                     unchanged shares in issue total of
                                     318,904,709 and an unchanged
                                     investability weighting of
                                     89.299999957041%.

                                     Investec Plc (South Africa, B1DHG40)
                                     will remain in the index with an
                                     unchanged shares in issue total of
                                     696,082,618 and an unchanged
                                     investability weighting of
                                     50.465211300536%.


FTSE/JSE Capped Shareholder          Ninety One Ltd Distribution line will be   26 May 2022
Weighted All Share Index (J433)      added to the index as detailed above.

                                     Ninety One Plc Ltd (via Investec Plc)
                                     Distribution line will be added to the
                                     index as detailed above.

                                     Investec Ltd will remain in the index as
                                     detailed above.

                                     Investec Plc will remain in the index as
                                     detailed above.
                                                                                Effective From
             Index                                Change
                                                                               Start of Trading
FTSE/JSE Shareholder Weighted     Ninety One Ltd Distribution line will be   26 May 2022
Top 40 Index Index (J400)         added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.


FTSE/JSE Capped Shareholder       Ninety One Ltd Distribution line will be   26 May 2022
Weighted Top 40 Index (J430)      added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.


FTSE/JSE Shareholder Weighted     Ninety One Ltd Distribution line will be   26 May 2022
Financial 15 Index (JSZ2)         added to the index as detailed above.

                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.


FTSE/JSE Shareholder Weighted     Ninety One Ltd Distribution line will be   26 May 2022
Financial & Industrial 30 Index   added to the index as detailed above.
(JSZ3)
                                  Ninety One Plc Ltd (via Investec Plc)
                                  Distribution line will be added to the
                                  index as detailed above.

                                  Investec Ltd will remain in the index as
                                  detailed above.

                                  Investec Plc will remain in the index as
                                  detailed above.
                                                                                                             Effective From
                   Index                                              Change
                                                                                                            Start of Trading
 FTSE/JSE Responsible Investment                 Ninety One Ltd Distribution line will be               26 May 2022
 Index (J113)                                    added to the index as detailed above.

                                                 Investec Ltd will remain in the index as
                                                 detailed above.


 * The number of shares and investability weighting change is based on the unbundling terms of
 0.13751 Ninety One Ltd shares for each Investec Ltd share, and 0.13751 Ninety One Plc shares for
 each Investec Plc share.

 Effective Thursday 26 May 2022:

 A capital repayment will be applied to Investec Ltd and Investec Plc to reflect the value of the
 unbundling, which is represented by the distribution lines, added with an ICB classification of
 30101010 (Banks).

 A follow up notice will be published regarding the index treatment for deletion of the dummy
 lines.




For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call:

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Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za

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Date: 27-05-2022 03:34:00
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