Result of ballot voting procedure in respect of amendment to PTXTEN and amalgamation with PTXSP CoreShares Index Tracker Managers (RF) Proprietary Limited CoreShares PropTrax 10 ETF Share code: PTXTEN ISIN: ZAE000155362 CoreShares PropTrax SAPY ETF Share code: PTXSPY ISIN: ZAE000101911 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”) BALLOT VOTING PROCEDURES IN RESPECT OF (1) THE AMENDMENT OF THE INVESTMENT POLICY OF THE CORESHARES PROPERTY TOP TEN EXCHANGE TRADED FUND (“PTXTEN”) AND (2) THE AMALGAMATION OF THE CORESHARES PROPERTY SAPY EXCHANGE TRADED FUND (“PTXSPY”) WITH THE CORESHARES PROPERTY TOP TEN EXCHANGE TRADED FUND(“PTXTEN”) Investors are referred to the announcements released on SENS on 17 May 2019 regarding the ballot voting procedures in respect of the amendment of the investment policy of the PTXTEN and the amalgamation of the PTXSPY AND PTXTEN are advised that the audited results of the voting ballot procedures were as follows: 1. Summary of Votes: Amendment to investment policy of PTXTEN Total Total Responses in Responses responses received against the not favour of the received amendment to amendment to Investment policy Total units Investment policy of PTXTEN of PTXTEN Units per 16 739 868 14 233 250 2 506 618 2 384 729 121 889 shareholder register (#) % of total 100% 85.03% 14.97% units % of 95.14% 4.86% responses received CoreShares is regulated by the Financial Sector Conduct Authority (formerly the Financial Services Board). In terms of Section 98(2) of the Collective Investment Schemes Control Act of 2002 and clause 67 of the Main Deed of the Scheme, investor consent is required to effect the proposed amendment, which allow for the following: • Investors holding no less than 25% in value of the total number of participatory investors in the Portfolio, excluding CoreShares, must respond to the ballot voting request, for it to be successful (Clause 67.1 of Main Deed). • If the majority of those who have responded to the ballot, have voted in favour, then the amendment will be successful. • Where less than 25% of investors respond, a second ballot must be conducted where only the majority result of those who have responded, will determine whether the amendment will be successful or not i.e. 25% quorum is not required (Clause 67.3 of Main Deed). Less than 25% of the total number of participatory investors in the portfolio responded to the first ballot request, therefore the ballot voting procedure was not successful and a second ballot voting procedure will be conducted. 2. Summary of Votes: Amalgamation - PTXTEN Ballot Total Total Responses in Responses responses received favour of the against the not amalgamation of amalgamation of Total units received the CoreShares the CoreShares Property SAPY Property SAPY Exchange Traded Exchange Traded Fund (“PTXSPY”) Fund (“PTXSPY”) into the into the CoreShares CoreShares Property Top Ten Property Top Ten Exchange Traded Exchange Traded Fund (“PTXTEN”) Fund (“PTXTEN”) Units per 16 739 868 13 898 876 2 840 992 2 725 771 115 221 shareholder register (#) % of total 100% 83.03% 16.97% units % of 95.94% 4.06% responses received 3. Summary of Votes: Amalgamation - PTXTSPY Ballot Total Total Responses in Responses responses received favour of the against the not amalgamation of amalgamation of Total units received the CoreShares the CoreShares Property SAPY Property SAPY Exchange Traded Exchange Traded Fund (“PTXSPY”) Fund (“PTXSPY”) into the into the CoreShares CoreShares Property Top Ten Property Top Ten Exchange Traded Exchange Traded Fund (“PTXTEN”) Fund (“PTXTEN”) Units per 3 027 799 2 868 016 159 783 148 441 11 342 shareholder register (#) % of total 100% 94.72% 5.28% units % of 92.90% 7.10% responses received In terms of section 99 of the Act, the ballot will be valid if the majority of investors, excluding the manager, vote in favour of the amalgamation. Absence of a response will be regarded as a vote in favour of the amalgamation. 4. Summary of overall results Investors in PTXSPY and PTXTEN have provided consent for the amalgamation of the two portfolios however, investors holding less than 25% in value of the total number of participatory investors in PTXTEN responded to the ballot to amend the investment policy of PTXTEN which then requires a second ballot to be conducted where only the majority result of those who have responded, will determine whether the amendment will be successful or not i.e. 25% quorum is not required (Clause 67.3 of Main Deed) as stated in Paragraph 1 above. Please note that although the ballot for the amalgamation of the PTXSPY and PTXTEN succeeded, the amalgamation will only will only be effective in the event that the second ballot to amend the investment policy of PTXTEN is successful and regulatory approval obtained from the FSCA. The salient dates and information relating to the second ballot voting procedure to amend the investment policy of PTXTEN will be announced on SENS in due course. Should you require any further assistance please send an email to info@coreshares.co.za . 16 July 2019 Corporate advisor and sponsor: Grindrod Bank Limited Trustee: Société Générale Date: 16/07/2019 01:45:00 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.