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.

SPECIAL DISTRIBUTION FINALISATION ANNOUNCEMENT FOR THE PERIOD ENDED 14 NOVEMBER 2023

Investors are referred to the announcements released on SENS on 15 August 2023 and 6 November 2023 regarding the amalgamation of the Sygnia
Itrix SWIX 40 ETF (“SYGSW4”) with the Sygnia Itrix Top 40 ETF (“SYGT40”). 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, 17 November 2023 in respect of the period ended 14 November
2023.

An aggregated amount of 20.66717 ZAR cents (R 0.20667) 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       Switzerland         ZA               ZA
 Subject to Foreign
 Withholding tax                No          No            Yes                 No               No
 Gross Foreign Rate (cents
 per unit)                                  2.82916       1.24181
 Foreign Tax % withheld at
 source                                     0.00%         35.00%
 Foreign Tax amount per unit                              0.43463
 DTA with Source Country                                  15.00%
 Foreign Tax Reclaim %                                    15.00%
 Portfolio/Management Cost                                0.01327
 Interest Expense
 Other costs                                              0.03362
 Gross ZA Distribution (Cents
 per unit)                      16.17177    2.82916       0.76029             0.36169          0.54426        20.66717
                                   ***Applicable to non-exempt South African shareholders

 Gross Local Rate (cents per
 unit)                         16.17177     2.82916       1.19492                   0.36169    0.54426

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

 SA Withholding Tax amount     3.23435      0.56583       0.05975
 per unit

 Local Net Rate                12.93742     2.26333       0.70054                   0.36169    0.54426       16.80724




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 0.54426 and the net rate is 0.43541 cents per unit.


Notice is hereby given that the following dates are of importance in regard to the special distribution for the period ended 14 November 2023
by the ETF to holders of SYGSW4 securities:

Last day to trade “cum” distribution:                 Tuesday,      14   November   2023
Securities trade “ex” distribution:                   Wednesday,    15   November   2023
Record date:                                          Friday,       17   November   2023
Payment date:                                         Monday,       20   November   2023

The special distribution will be paid on Monday, 20 November 2023 to all securities holders recorded in the register on Friday, 17 November
2023.

Table 1

 Country                ISO Code    Split
 United Kingdom         GB            67.62%
 Australia              AU            25.20%
 Luxembourg             LUX            7.18%


***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.

14 November 2023

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

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