ASHF - Notification of a Change to the Board of Directors Ashburton Management Company (RF) Proprietary Limited A portfolio in the Ashburton Collective Investment Scheme in Securities Exchange Traded Funds (the “portfolio”) registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Company Code: ASHF (“Ashburton” or the “Company”) NOTIFICATION OF A CHANGE TO THE BOARD OF DIRECTORS Pursuant to paragraph 3.59 of the JSE Limited Listings Requirements, securityholders are hereby advised of the appointment of Mr Duncan Bruce Armstrong as an executive director from the board of Ashburton with effect to 26 February 2021. 3 March 2021 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03-03-2021 02:07:00 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.