Index change Advice - 20190424 Unbundling of Oceana by Tiger Brands Tiger Brands (South Africa): Distribution of Oceana Group (South Africa) FTSE/JSE Africa Index Series 17 April 2019 Subject to the completion of the distribution of shares of Oceana Group (South Africa, constituent) to Tiger Brands (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 Top 40 Index (J200) Tiger Brands (South Africa, 24 April 2019 ZAE000071080, B0J4PP2) will remain in the index with an unchanged shares in issue total of 189,818,926 and an unchanged investability weighting of 84.756749176845%. FTSE/JSE Mid Cap Index (J201) Oceana Group (South Africa, 24 April 2019 ZAE000025284, 6657068) will remain in the index with an unchanged shares in issue total of 135,526,154 and an increased investability weighting of 57.50964950126%*. FTSE/JSE All Share Index (J203) Tiger Brands will remain in the index as 24 April 2019 detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE Large Cap Index (J205) Tiger Brands will remain in the index as 24 April 2019 detailed above. FTSE/JSE Large and Mid Cap Index Tiger Brands will remain in the index as 24 April 2019 (J206) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE Industrial 25 Index Tiger Brands will remain in the index as 24 April 2019 (J211) detailed above. FTSE/JSE Capped Industrial 25 Tiger Brands will remain in the index as 24 April 2019 Index (J311) detailed above. FTSE/JSE Financial & Industrial 30 Tiger Brands will remain in the index as 24 April 2019 Index (J213) detailed above. Effective From Index Change Start of Trading FTSE/JSE Equally Weighted Top 40 Tiger Brands will remain in the index as 24 April 2019 Index (J2EQ) detailed above. FTSE/JSE Equally Weighted Tiger Brands will remain in the index as 24 April 2019 Industrial 25 Index (J5EQ) detailed above. FTSE/JSE Dividend+ Index (J259) Tiger Brands will remain in the index as 24 April 2019 detailed above. FTSE/JSE RAFI All Share Index Tiger Brands will remain in the index as 24 April 2019 (J263) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE RAFI All Share Capped Tiger Brands will remain in the index as 24 April 2019 Index (J283) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE Capped Top 40 Index Tiger Brands will remain in the index as 24 April 2019 (J300) detailed above. FTSE/JSE Capped All Share Index Tiger Brands will remain in the index as 24 April 2019 (J303) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE Style Index (J330 and Tiger Brands will remain in the index as 24 April 2019 J331) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE RAFI 40 Index (J260) Tiger Brands will remain in the index as 24 April 2019 detailed above. FTSE/JSE All Share Shariah Index Oceana Group will remain in the index as 24 April 2019 (J143) detailed above. FTSE/JSE Top 40 Minimum Variance Tiger Brands will remain in the index as 24 April 2019 Index (J700) detailed above. FTSE/JSE All-Share Minimum Tiger Brands will remain in the index as 24 April 2019 Variance Index (J703) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Comprehensive Tiger Brands will remain in the index as 24 April 2019 Factor Index (J203CF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Yield Factor Tiger Brands will remain in the index as 24 April 2019 Index (J203DF) detailed above. Effective From Index Change Start of Trading FTSE/JSE All Share Low Volatility Tiger Brands will remain in the index as 24 April 2019 Focused Factor Index (J203LF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Momentum Tiger Brands will remain in the index as 24 April 2019 Factor Index (J203MF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Quality Factor Tiger Brands will remain in the index as 24 April 2019 Index (J203QF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Size Factor Tiger Brands will remain in the index as 24 April 2019 Index (J203SF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Value Factor Tiger Brands will remain in the index as 24 April 2019 Index (J203VF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE All Share Volatility Factor Tiger Brands will remain in the index as 24 April 2019 Index (J203VOF) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE Shareholder Weighted All Tiger Brands (South Africa, 24 April 2019 Share Index (J403) ZAE000071080, B0J4PP2) will remain in the index with an unchanged shares in issue total of 189,818,926 and an unchanged investability weighting of 84.756749176845%. Oceana Group (South Africa, ZAE000025284, 6657068) will remain in the index with an unchanged shares in issue total of 135,526,154 and an increased investability weighting of 57.50964950126%*. FTSE/JSE Capped Shareholder Tiger Brands will remain in the index as 24 April 2019 Weighted All Share Index (J433) detailed above. Oceana Group will remain in the index as detailed above. FTSE/JSE Shareholder Weighted Tiger Brands will remain in the index as 24 April 2019 Top 40 Index Index (J400) detailed above. FTSE/JSE Capped Shareholder Tiger Brands will remain in the index as 24 April 2019 Weighted Top 40 Index (J430) detailed above. Effective From Index Change Start of Trading FTSE/JSE Shareholder Weighted Tiger Brands will remain in the index as 24 April 2019 Industrial 25 Index (JSZ1) detailed above. FTSE/JSE Shareholder Weighted Tiger Brands will remain in the index as 24 April 2019 Financial & Industrial 30 Index detailed above. (JSZ3) FTSE/JSE Responsible Investment Tiger Brands will remain in the index as 24 April 2019 Index (J113) detailed above. *The new investability weighting is based on the distribution ratio of 0.2586927 Oceana Group shares for every Tiger Brands share held. Effective Wednesday 24 April 2019: A capital repayment will be applied to Tiger Brands to reflect the value of the distribution. For further information please contact FTSE Russell Client Services at info@ftserussell.com or indices@jse.co.za or call: Australia +1800 653 680 Hong Kong +852 2164 3333 Japan +81 3 4563 6346 London +44 (0) 20 7866 1810 New York +1866 551 0617 JSE Limited +27 11 520 7000 Alternatively please visit our website at www.ftserussell.com or www.ftsejse.co.za Terms of Use | Copyright © 2019 FTSE Russell Date: 17/04/2019 05:10:00 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.