The Sygnia Itrix Collective Investment Scheme in Securities
Sygnia Itrix Sustainable Economy ETF
JSE code: SYGSE
Short name: SYGSUSECO
ISIN code: ZAE000313888
(“SYGSE”)

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.

Listing of Sygnia Itrix Sustainable Economy ETF Participatory Interests

The information as it appears below has been extracted from the Programme Memorandum
in respect of the Sygnia Itrix Collective Investment Scheme in Securities and the
Supplement relating to the Sygnia Itrix Sustainable Economy ETF and utilises the terms
and definitions contained therein unless otherwise specified.


1. Introduction

The JSE Limited (“JSE”) has approved the listing on the Main Board of the JSE,
participatory interests in the Sygnia Itrix Sustainable Economy ETF which aims to track
the S&P Kensho Sustainable Technologies Index and is an ETF in the Sygnia Itrix
Collective Investment Scheme in Securities and shall be managed by Sygnia Itrix (RF)
Propriety Limited


2. The S&P Kensho Sustainable Technologies Index

The S&P Kensho Sustainable Technologies Index measures the performance component of
companies with exposure to smart transportation and manufacturing, sustainable
agriculture, clean power, space exploration, intelligent infrastructure and the
technologies that enable remote working.


3.   General

The Programme Memorandum and the Supplement document are available during normal
business hours at the registered office of the Manager, 7th Floor, The Foundry, Cardiff
Street, Green Point, Cape Town, 8001 from Thursday, 15 September 2022. The Programme
Memorandum and the Supplement will also be available on the Manager’s website
www.sygnia.co.za.
4. Salient dates and times

    SENS announcement of approval of listing                           Friday, 16 September 2022
    Opening date of the initial offer at 09:00 on                      Monday, 19 September 2022
    Closing date of the initial offer at 12:00 on*                     Monday, 26 September 2022
    Letters of allocation issued                                      Tuesday, 27 September 2022
    Settlement of Letters of Allocation+                            Wednesday, 28 September 2022
    Publication of announcement on SENS as to the results of        Wednesday, 28 September 2022
    the initial offer:
    Ramp up period in respect of cash subscriptions commences        Thursday, 29 September 2022
    at 09:00 on:
    Ramp up period in respect of cash subscriptions closes at          Thursday, 06 October 2022
    12:00 on:**
    Publication of conversion ratio by 11:00 on:                           Friday, 07 October 2022
    Listing date in respect of in specie and cash                          Tuesday, 11 October 2022
    subscriptions at 09:00 on

*Applicants should contact their broker or CSDP to ascertain the timing for submission
of applications as this will vary dependent on the broker or CSDP in question.

**The duration of the Ramp-Up Period may be extended depending on prevailing market
liquidity, in which event the Listing Date in respect of Cash Subscriptions will occur
on a later date.

One letter of allotment will be issued for every Rand subscription against a
subscriber’s CSDP or broker account being debited with the Rand amount. Once the
Baskets of ETF Constituents have been acquired, Strate will convert the letter of
allotment to Sygnia Itrix Sustainable Economy ETF participatory interests in the CSDP
accounts in accordance with the conversion ratios to be published on SENS on Friday,
07 October 2022.

Sygnia Itrix Sustainable Economy         ETF   participatory   interests    will   be   issued   in
dematerialised format only.


5. The Initial Offer

The initial offer is an initial public offering to investors regarding an investment
in Sygnia Itrix Sustainable Economy ETF participatory interests.

The initial offer is not an offer in any jurisdiction in which it is illegal to make
this initial offer and in those circumstances the Programme Memorandum and Supplement
are issued for information purposes only.

5.1    Conditions of the Initial Offer

•     Once an application has been submitted it is irrevocable       and as such may not be
      withdrawn.
•     All subscriptions for Sygnia Itrix Sustainable Economy ETF     participatory interests
      will be treated as primary market acquisitions.
•     All subscribers for Sygnia Itrix Sustainable Economy ETF       participatory interests
      must have a valid account with a broking member of the JSE.    Subscribers that do not
      have an account with a JSE member can contact any broker registered with the JSE to
      open an account. A list is available on the JSE website being www.jse.co.za.


5.2    Participating in the Initial Offer

To participate in the initial offer for Sygnia Itrix Sustainable             Economy   ETF
participatory interests, you must contact your JSE accredited broker.

5.3    The Issue Price of a Sygnia Itrix Sustainable Economy ETF Participatory Interest

The issue price of each Sygnia Itrix Sustainable Economy ETF participatory interests
will be the cost of acquiring the underlying portfolio less any applicable costs,
divided by the number of participatory interests.

5.4    Discharging the Issue Price during the Initial Offer

The price payable by an investor if he subscribes for securities during the period of
the initial offer may be settled by a payment in cash in Rands or via an in-specie
subscription.

5.5    Minimum Subscriptions

The minimum cash subscription amount is R10 000.

The Sygnia Itrix Sustainable Economy ETF is an open-ended fund and hence there is no
maximum amount regarding the Sygnia Itrix Sustainable Economy ETF participatory
interests available for purchase.

Participatory interests will be issued in dematerialised form only.


16 September 2022

Corporate Adviser and Sponsor
Vunani Sponsors