Cautionary Announcement Cloud Atlas (RF) Proprietary Limited The Cloud Atlas Collective Investment Scheme in Securities ASBI – African Sovereign Bond Portfolio ex-SA ETF JSE code: “ASBI” ISIN: ZAE000297354 (“ASBI ex-SA”) CAUTIONARY ANNOUNCEMENT Shareholders are advised ASBI ex-SA a portfolio in the Cloud Atlas Collective Investment Scheme in Securities is going under cautionary due to the portfolio not achieved a critical size to be financially feasible and remains non-compliant in respect to its investment objective. As a result the portfolio is not tracking the said index: S&P Africa Hard Currency Sovereign Bond Select index and the underlying portfolio is holding 100% United States Dollars in cash. Below are additional points as to why the portfolio is going under cautionary: • The portfolio is under consideration by the issuer for winding up as it has not achieved the scale necessary to achieve its investment objective and financial feasibility. • There is a prospective seed investor who wishes to repurpose the ASBI ETF into a soft currency feeder fund from its current hard currency investment objective. • The ASBI ETF is currently holding United States Dollar (USD), hard currency, cash as the underlying and will undertake action i.) or ii.) within in the next 14 days. • The market making in the secondary market will be impacted and investors are requested to contact Cloud Atlas on 072-070-4534 or email trading@cloudatlasinvesting.com to see how this impacts them. Johannesburg 12 September 2022 Sponsor Vunani Sponsors Date: 12-09-2022 02:53:00 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.