The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI EMERGING MARKETS 50 ETF
JSE code: SYGEMF
ISIN: ZAE000297792
(“SYGEMF”)

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 2022 - SYGEMF

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 SYGEMF securities ("investors") recorded in the
register on Friday, 15 July 2022 in respect of the period ended 30 June 2022.

An aggregated amount of 10.67698 ZAR cents (R 0.10677) per SYGEMF security is declared as follows:


 Alpha Code: SYGEMF                              Dividend                             Dividend                           Total
 Distribution Source type                        Local                                Foreign Not SA listed
 Net Distribution Reinvested                     No                                   No
 Source of Funds (Country Code)                  ZA                                   Table 1
 Subject to Foreign Withholding tax              No                                   Yes
 Gross Foreign Rate (cents per unit)                                        0.34590                           15.18964
 Foreign Tax % withheld at source                                                                             9.88180%
 Foreign Tax amount per unit                                                                                   1.50101
 DTA with Source Country                                                              Table 1
 Foreign Tax Reclaim %
 Portfolio/Management Cost                                                                                     3.17937
 Interest Expense                                                                                              0.02459
 Other costs                                                                                                   0.15359
 Gross ZA Distribution (Cents per unit)                                     0.34590                           10.33108           10.67698


 ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)                                          0.34590                           10.33108
 SA Withholding Tax %                                                        20.00%
 SA Withholding Tax amount per unit                                             0.06918
 Local Net Rate                                                                 0.27672                     10.33108       10.60780

Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 30 June 2022 by the ETF
to holders of SYGEMF securities:

Last day to trade “cum” distribution:                  Tuesday,     12   July   2022
Securities trade “ex” distribution:                    Wednesday,   13   July   2022
Record date:                                           Friday,      15   July   2022
Payment date:                                          Monday,      18   July   2022

The distribution will be paid on Monday, 18 July 2022 to all securities holders recorded in the register on Friday, 15 July 2022.

Table 1


 Country          ISO Code   Split    DTA Rate
 Hong Kong        HK         13.71%       10%
 South Korea      KR         16.59%       15%
 Saudi Arabia     SA          7.22%       10%
 Taiwan           TW         12.03%       15%
 United States    US         50.45%       15%


***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.

07 July 2022

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

JSE Sponsor
Vunani