Delisting of all LowVolTrax securities and removal of LowVolTrax from the JSE main board CoreShares Index Tracker Managers (RF) Proprietary Limited CoreShares LowVolTrax ETF Share code: LVLTRX ISIN: ZAE000190112 A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker Managers (RF) Proprietary Limited (“CoreShares”) DELISTING OF ALL LOWVOLTRAX SECURITIES AND REMOVAL OF LOWVOLTRAX FROM THE JSE MAINBOARD Holders of LowVolTrax securities are advised that the Manager has taken the decision to wind up the LowVolTrax portfolio in terms of Section 102 of the Collective Investment Schemes Control Act, 45 of 2002 and to distribute all capital and income to holders of LowVolTrax securities. CoreShares always endeavours to offer its clients the best possible investment solutions. It is unfortunate that CoreShares must advise its clients of its intention to wind-up/delist the LowVolTrax ETF. The LowVolTrax ETF was approved by the Financial Services Board (“FSB”) on 26 March 2014 and subsequently listed on the Johannesburg Stock Exchange. However, since the abovementioned listing, the ETF has not enjoyed the commercial support which CoreShares had anticipated at the time of launch. At the time of listing, Low Volatility ETFs were highly sort after on global exchanges. It is therefore regrettable that the demand for a stand-alone factor index of this kind in the South African market has not materialised as initially envisaged. Holders of LowVolTrax securities will not be prejudiced in any way as they will be paid the Net Asset Value of each LowVolTrax security. The process may trigger a Capital Gains Tax event. Investors are required to contact their personal tax adviser for further assistance in this regard. The salient dates for delisting of all LowVolTrax securities and the removal of LowVolTrax from the JSE List are as follows: - Declaration Date: Monday, 30 July 2018 - Finalisation Date: Monday, 6 August 2018 - Last day to trade: Tuesday, 14 August 2018 - Securities suspended from commencement of trade: Wednesday, 15 August 2018 - Record Date: Friday, 17 August 2018 - Pay Date: Monday, 20 August 2018 - Securities removed from the list: Tuesday, 21 August 2018 The amount of the distribution and nature thereof will be communicated to holders of LowVolTrax securities on or before the Finalisation Date and will be paid on the Pay Date to all holders of LowVolTrax securities who are recorded in the register on the Record Date. Should investors have any questions or wish to analyse their CoreShares ETF options please email info@coreshares.co.za or visit CoreShares.co.za. 30 July 2018 Sponsor Grindrod Bank Limited Date: 30/07/2018 09:00:00 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.