ASHBURTON MANAGEMENT COMPANY RF (PTY) LIMITED - Distribution Finalisation Announcement - ASHINF

Distribution Finalisation Announcement - ASHINF

Ashburton Inflation ETF
(Formerly RMB Government Inflation Linked Bond Fund)
A portfolio in the Ashburton Collective Investment Scheme (“the portfolio”) registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
(Incorporated in the Republic of South Africa)
(Date of incorporation: 20 May 2009)
Share Code: ASHINF
ISIN: ZAE000215331
(“ASHINFBND”)

DISTRIBUTION FINALISATION ANNOUNCEMENT

Following the previous announcement detailing a possible quarterly distribution by Ashburton Inflation
ETF to holders of Ashburton Inflation ETF Securities, the manager and trustees (namely Ashburton
Management Company RF Proprietary Limited and Standard Charted Bank) have resolved to make a
quarterly distribution to holders of Ashburton Inflation ETF securities for the quarter ended 31 December
2016. The distribution will:

    -   amount to 16.11570 cents (R0.1611570) per Ashburton Inflation ETF security;
    -   be constituted 16.11570 cents (R0.1611570) in respect of interest;
    -   be made to all holders of Ashburton Inflation ETF securities recorded in the register on 20
        January 2017; and
    -   be effected on 23 January 2016.

The distribution is calculated after taking into account accrued expenses incurred by the fund for the
previous quarter and thus represents a distribution net of fund expenses.

The distribution is exempt from Withholding Tax on Interest (WTI) as it comprises coupons received on
bonds issued by the Government of South Africa.

Ashburton Inflation ETF Income Tax number is 0691/223/16/8.

A copy of the ETF issue document can be found at http://www.ashburtoninvestments.com/za/individual-
investor/investment-range/exchange-traded-funds/ashburton-inflation-etf

17 January 2017
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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