Change to Index Constituents Effective 25 August 2020 NEWFUNDS SA TARGET VOLATILITY DEFENSIVE EQUITY EXCHANGE TRADED FUND PORTFOLIO Share code: NFEDEF ISIN: ZAE000254868 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) CHANGE TO INDEX CONSTITUENTS EFFECTIVE 25 August 2020 In terms of section 19.28 of the JSE Limited Listings Requirements (JSE LRs), notice is hereby given to the Investors of the above ETF securities that the ETF portfolio was rebalanced on 24 August 2020 as a result of the Index rebalance, and that the following changes to the constituents of the underlying index has been effect in the portfolio effective on 25 August 2020. Constituent(s) added to index Constituent(s) removed from index NFEDEF - ABSA GROUP LIMITED (ABG) - ANGLO AMERICAN PUBLIC LIMITED COMPANY (AGL) - ANHEUSER BUSCH INBEV NV (ANH) - ASPEN PHARMACARE HOLDINGS LIMITED (APN) - BHP GROUP PUBLIC LIMITED COMPANY (BHP) - BID CORPORATION LIMITED (BID) - BRITISH AMERICAN TOBACCO PUBLIC LIMITED COMPANY (BTI) - BIDVEST GROUP LIMITED (BVT) - COMPAGNIE FINANCIERE RICHEMONT SA (CFR) - CLICKS GROUP LIMITED (CLS) - DISCOVERY LIMITED (DSY) - FIRSTRAND LIMITED (FSR) - GROWTHPOINT PROPERTIES LIMITED (GRT) - KUMBA IRON ORE LIMITED (KIO) - MULTICHOICE GROUP LIMITED (MCG) - MONDI PUBLIC LIMITED COMPANY (MNP) - MR PRICE GROUP LIMITED (MRP) - MTN GROUP LIMITED (MTN) - NEDBANK GROUP LIMITED (NED) - NASPERS LIMITED (NPN) - OLD MUTUAL LIMITED (OMU) - REMGRO LIMITED (REM) - STANDARD BANK GROUP LIMITED (SBK) - SHOPRITE HOLDINGS LIMITED (SHP) - SANLAM LIMITED (SLM) - SPAR GROUP LIMITED (SPP) - TIGER BRANDS LIMITED (TBS) - FOSCHINI GROUP LIMITED (TFG) - VODACOM GROUP LIMITED (VOD) - WOOLWORTHS HOLDINGS LIMITED (WHL) Investors are advised that the above index is rebalanced on a quarterly basis, and the composition of each of the portfolios may be viewed Capital ETF website. http://aiss.absa.africa 25 August 2020 Sponsor Vunani Sponsors Date: 25-08-2020 03:25:00 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.