The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix S&P 500 ETF
JSE code: SYG500
ISIN: ZAE000251377
(“SYG500”)

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 31 DECEMBER 2023 – SYG500

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 SYG500 securities ("investors") recorded in the
register on Friday, 12 January 2024 in respect of the period ended 31 December 2023.

An aggregated amount of 48.52986 ZAR cents (R 0.48530) per SYG500 security is declared as follows:

 Alpha Code: SYG500                                 Dividend                    *Interest   *Interest       Tax Reclaim     Total

 Distribution Source type                           Foreign Not SA listed       Foreign     Local           Foreign
 Net Distribution Reinvested                        No                          No          No              No
                                                                                United      South Africa
 Source of Funds (Country Code)                     Table 1                     States                      Table 2
 Subject to Foreign Withholding tax                 Yes                         No                          No
 Gross Foreign Rate (cents per unit)                65.09550                    0.28955                     1.47962
 Foreign Tax % withheld at source                   15.57453%
 Foreign Tax amount per unit                        10.13832
 DTA with Source Country
 Foreign Tax Reclaim %
 Portfolio/Management Cost                          7.39214
 Interest Expense
 Other costs                                        0.91119
 Gross ZA Distribution (Cents per unit)             46.65385                    0.28955     0.10684         1.47962         48.52986
 ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)                  46.65385                     0.28955    0.10684        1.47962
 SA Withholding Tax %
 SA Withholding Tax amount per unit
 Local Net Rate                                     46.65385                     0.28955    0.10684        1.47962          48.52986


Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 31 December 2023 by the
ETF to holders of SYG500 securities:

Last day to trade “cum” distribution:                Tuesday,     09   January   2024
Securities trade “ex” distribution:                  Wednesday,   10   January   2024
Record date:                                         Friday,      12   January   2024
Payment date:                                        Monday,      15   January   2024

The distribution will be paid on Monday, 15 January 2024 to all securities holders recorded in the register on Friday, 12 January 2024.

Table 1

                             ISO
 Country                                Split
                             Code
 United States of America    US          96.03%
 Ireland                     IE           2.33%
 Switzerland                 CH           0.60%
 Netherlands                 NL           0.73%
 Bermuda                     BM           0.17%
 Jersey                      JE           0.14%



Table 2

                             ISO
 Country                                Split
                             Code
 United States of America    US          82.31%
 Ireland                     IE          17.69%
***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.


04 January 2024

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

JSE Sponsor
Vunani Sponsors