The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix SWIX 40 ETF
JSE code: SYGSW4
ISIN: ZAE000251344
(“SYGSW4”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes
Control Act, 45 of 2002.

DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED 30 JUNE 2023 – SYGSW4

The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa Limited), respectively, have declared a distribution to holders of SYGSW4 securities ("investors") recorded in the
register on Friday, 14 July 2023 in respect of the period ended 30 June 2023.

An aggregated amount of 23.37651 ZAR cents (R 0.23377) per SYGSW4 security is declared as follows:

                                                          Dividend (64N >
                                Dividend    Dividend                          *Interest        REIT           Total
 Alpha Code: SYGSW4                                       DTA)

                                            Foreign SA
 Distribution Source type       Local       Listed        Foreign SA Listed   Local            Local
 Net Distribution Reinvested    No          No            No                  No               No
 Source of Funds (Country
 Code)                          ZA          Table 1       BE                  ZA               ZA
 Subject to Foreign
 Withholding tax                No          No            Yes                 No               No
 Gross Foreign Rate (cents
 per unit)                                  3.04729       0.28391
 Foreign Tax % withheld at
 source                                     0.00%         30.00%
 Foreign Tax amount per unit                              0.08517
 DTA with Source Country                                  15.00%
 Foreign Tax Reclaim %                                    15.00%
 Portfolio/Management Cost                                0.00414
 Interest Expense
 Other costs                                              0.00752
 Gross ZA Distribution (Cents
 per unit)                      19.27098    3.04729       0.18708             0.33963          0.53153        23.37651
                                   ***Applicable to non-exempt South African shareholders

 Gross Local Rate (cents per                3.04729       0.27225                      0.33963   0.53153
 unit)                         19.27098

 SA Withholding Tax %          20.00%       20.00%        5.00%                                  Note 1

 SA Withholding Tax amount     3.85420      0.60946       0.01361
 per unit

 Local Net Rate                15.41678     2.43783       0.17347                      0.33963   0.53153     18.89924




Note 1

Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-residents it is
subject to 20% SA withholding tax. The Gross rate for non-residents is 0.53153 and the net rate is 0.42522 cents per unit.


Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 30 June 2023 by the ETF
to holders of SYGSW4 securities:

Last day to trade “cum” distribution:                 Tuesday,      11   July   2023
Securities trade “ex” distribution:                   Wednesday,    12   July   2023
Record date:                                          Friday,       14   July   2023
Payment date:                                         Monday,       17   July   2023

The distribution will be paid on Monday, 17 July 2023 to all securities holders recorded in the register on Friday, 14 July 2023.

Table 1

 Country                ISO Code    Split
 United Kingdom         GB            72.05%
 Australia              AU            27.95%


***South African tax: No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for
exemption from dividend withholding tax provided that the investor has provided the following forms to their Central Securities Depository
Participant (“CDSP”) or broker, as the case may be in respect of its participatory interest:

   a) a declaration that the distribution is exempt from dividends tax; and
   b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the exemption change or
      the beneficial owner cease to be the beneficial owner, both in the form prescribed by the South African Revenue Service. South African
      tax resident investors are advised to contact their CSDP, to arrange for the abovementioned documents to be submitted prior to payment
      of the distribution, if such documents have not already been submitted.


*Interest accruing from a South African source to a non-resident, excluding a controlled foreign company, will be subject to withholding tax
at a rate of 15% on payment, except interest,

   •   arising on any Government debt instrument.
   •   arising on any listed debt instrument.
   •   arising on any debt owed by a bank or the South African Reserve Bank.
   •   arising from a bill of exchange or letter of credit where goods are imported into South Africa and
       where an authorized dealer has certified such on the instrument.
   •   payable by a headquarter company.
   •   accruing to a non-resident natural person who was physically present in South Africa for a period
       exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
       establishment in South Africa.

06 July 2023

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

JSE Sponsor
Vunani Sponsors