The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI World Index ETF
JSE code: SYGWD
ISIN: ZAE000249553
(“SYGWD”)

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 - SYGWD

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 SYGWD securities ("investors") recorded in the
register on Friday, 14 July 2023 in respect of the period ended 30 June 2023.

An aggregated amount of 32.61625 ZAR cents (R 0.32616) per SYGWD security is declared as follows:

 Alpha Code: SYGWD                                         Dividend        Tax Reclaim        *Interest     *Interest    Total
                                                           Foreign Not
 Distribution Source type                                  SA listed       Foreign            Local         Foreign
 Net Distribution Reinvested                               No              No                 No            No
 Source of Funds (Country Code)                            Table 1         Table 2            ZA            US
 Subject to Foreign Withholding tax                        Yes             No                 No            No
 Gross Foreign Rate (cents per unit)                       63.11036        0.26709                          0.04046
 Foreign Tax % withheld at source                          19.43795%
 Foreign Tax amount per unit                               12.26736
 DTA with Source Country
 Foreign Tax Reclaim %
 Portfolio/Management Cost                                 18.11310
 Interest Expense
 Other costs                                               0.53534
 Gross ZA Distribution (Cents per unit)                    32.19456        0.26709            0.07607       0.07853      32.61625


 ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)                        32.19456         0.26709            0.07607       0.07853
 SA Withholding Tax %
 SA Withholding Tax amount per unit
 Local Net Rate                                           32.19456         0.26709            0.07607       0.07853      32.61625
This amount will be adjusted upwards for larger investors who are liable for less than 0.60% management fee.

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 SYGWD 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

                       ISO
 Country                        Split
                       Code
 Australia             AU        3.72%
 France                FR        6.75%
 Hong Kong             HK        0.97%
 Japan                 JP        4.42%
 Cayman Islands        KY        0.32%
 United States         US       46.29%
 Spain                 ES        1.12%
 Finland               FI        0.92%
 Ireland               IE        1.28%
 Italy                 IT        1.44%
 Netherlands           NL        2.61%
 Austria               AT        0.25%
 Belgium               BE        0.41%
 Bermuda               BM        0.20%
 Canada                CA        2.66%
 Switzerland           CH        5.49%
 Germany               DE        7.06%
 Denmark               DK        1.22%
 Luxembourg            LU        0.03%
 United Kingdom          GB        8.63%
 Jersey Channel
                         JE        0.59%
 Islands
 Israel                  IL        0.18%
 Isle of Man             IM        0.01%
 Norway                  NO        0.82%
 New Zealand             NZ        0.05%
 Sweden                  SE        1.59%
 Singapore               SG        0.97%

Table 2

 Country                 ISO      Split
                         Code
 Belgium                 BE       18.13%
 Finland                 FI       10.85%
 Ireland                 IE       46.64%
 Spain                   ES       1.48%
 Canada                  CA       18.16%
 Portugal                PT       4.74%


***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