The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix GLOBAL PROPERTY ETF
JSE code: SYGP
ISIN: ZAE000251369
(“SYGP”)

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 2022 - SYGP

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 SYGP securities ("investors") recorded in the
register on Friday, 13 January 2023 in respect of the period ended 31 December 2022.

An aggregated amount of 66.29678 ZAR cents (R 0.66297) per SYGP security is declared as follows:

 Alpha Code: SYGP                         Dividend              *Interest          *Interest           Tax Reclaim         Total
                                          Foreign Not SA
 Distribution Source type                 listed                Foreign            Local               Foreign
 Net Distribution Reinvested              No                    No                 No                  No
 Source of Funds (Country Code)           Table 1               Various            South Africa        Various
 Subject to Foreign Withholding tax       Yes                   No                 No                  No
 Gross Foreign Rate (cents per unit)      94.00977              0.34037                                0.05066
 Foreign Tax % withheld at source         24.11844%
 Foreign Tax amount per unit              22.67369
 DTA with Source Country
 Foreign Tax Reclaim %
 Portfolio/Management Cost                3.70445
 Interest Expense
 Other costs                              1.78854
 Gross ZA Distribution (Cents per unit)   65.84309              0.34037            0.06266             0.05066             66.29678

 ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)        65.84309              0.34037            0.06266             0.05066
 SA Withholding Tax %
 SA Withholding Tax amount per unit
 Local Net Rate                           65.84309              0.34037            0.06266             0.05066             66.29678
Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended 31 December 2022 by the
ETF to holders of SYGP securities:

Last day to trade “cum” distribution:                    Tuesday,     10   January   2023
Securities trade “ex” distribution:                      Wednesday,   11   January   2023
Record date:                                             Friday,      13   January   2023
Payment date:                                            Monday,      16   January   2023

The distribution will be paid on Monday, 16 January 2023 to all securities holders recorded in the register on Friday, 13 January 2023.

Table 1

 Country                     ISO Code                 Split
 UNITED STATES               US                                       65.34%
 JAPAN                       JP                                        7.26%
 AUSTRALIA                   AU                                        3.90%
 FRANCE                      FR                                        0.92%
 HONG KONG                   HK                                       16.81%
 CAYMAN ISLANDS              KY                                        5.77%



***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 Securiti es 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 ch ange 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 t o 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 int o 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.

05 January 2023

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

JSE Sponsor
Vunani Capital Sponsors