The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI World Index ETF
JSE code: SYGWD
ISIN: ZAE000249553
(“SYGWD”)

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 - SYGWD

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

An aggregated amount of 22.01032 ZAR cents (R 0.22010) per SYGWD security is declared as follows:

 Alpha Code: SYGWD                                         Dividend      Tax Reclaim          *Interest     *Interest    Total
                                                           Foreign Not
 Distribution Source type                                  SA listed     Foreign              Local         Foreign
 Net Distribution Reinvested                               No            No                   No            No
 Source of Funds (Country Code)                            Table 1       Various              ZA            Various
 Subject to Foreign Withholding tax                        Yes           No                   No            No
 Gross Foreign Rate (cents per unit)                       43.31788      1.48369                            0.04046
 Foreign Tax % withheld at source                          15.67556%
 Foreign Tax amount per unit                               6.79032
 DTA with Source Country
 Foreign Tax Reclaim %
 Portfolio/Management Cost                                 15.43117
 Interest Expense
 Other costs                                               0.67033
 Gross ZA Distribution (Cents per unit)                    20.42606      1.48369              0.06011       0.04046      22.01032


 ***Applicable to non-exempt South African shareholders
 Gross Local Rate (cents per unit)                        20.42606       1.48369              0.06011       0.04046
 SA Withholding Tax %
 SA Withholding Tax amount per unit
 Local Net Rate                                           20.42606       1.48369              0.06011       0.04046      22.01032
This amount will be adjusted upwards for larger investors who are liable for less than 0.60% management fee.
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 SYGWD 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
 Australia                AU              7.23%
 France                   FR              2.17%
 Hong Kong                HK              1.26%
 Japan                    JP              8.62%
 Cayman Islands           KY              0.38%
 United States            US             60.30%
 Spain                    ES              1.03%
 Finland                  FI              0.10%
 Ireland                  IE              1.48%
 Italy                    IT              0.95%
 Netherlands              NL              1.27%
 CURACAO                  CW              0.13%
 Austria                  AT              0.02%
 Belgium                  BE              0.10%
 Bermuda                  BM              0.17%
 Canada                   CA              4.55%
 Switzerland              CH              0.72%
 Germany                  DE              0.01%
 Denmark                  DK              0.28%
 Luxembourg               LU              0.10%
 United Kingdom           GB              5.84%
 Jersey Channel Islands   JE              0.98%
 Israel                    IL             0.32%
 Isle of Man               IM             0.02%
 Norway                    NO             0.43%
 New Zealand               NZ             0.11%
 Portugal                  PT             0.02%
 Sweden                    SE             0.41%
 Singapore                 SG             1.00%



***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.

05 January 2023

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

JSE Sponsor
Vunani Capital Sponsors