CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Announcement in respect of the changes by CoreShares Index Tracker Managers (RF) (Pty) Ltd(the Manager)

Announcement in respect of the changes by CoreShares Index Tracker Managers (RF) (Pty) Ltd(“the Manager”)

CoreShares Index Tracker Managers (RF) Proprietary Limited

CoreShares Yield Selected Bond ETF
Share Code: CSYSB
ISIN: ZAE000318614

CoreShares DivTrax ETF
Share Code: DIVTRX
ISIN: ZAE000190104

CoreShares S&P SA Top 50 ETF
Share code: CTOP50
ISIN: ZAE000204327

CoreShares Global Dividend Aristocrats ETF
Share code: GLODIV
ISIN: ZAE000254249

CoreShares S&P 500 ETF
Share code: CSP500
ISIN: ZAE000268694

CoreShares Global Prop ETF
Share code: GLPROP
ISIN: ZAE000268660

CoreShares Scientific Beta Multi Factor ETF
Share Code: SMART
ISIN: ZAE000269502

CoreShares SA Property Income ETF
Share Code: CSPROP
ISIN: ZAE000273165

CoreShares Total World Stock Feeder ETF
Share Code: GLOBAL
ISIN: ZAE000297776

CoreShares Wealth GOVI ETF
Share Code: CSGOVI
ISIN: ZAE000316162

CoreShares Wealth Top 20 Capped ETF
Share code: CTOP20
ISIN: ZAE000320792

CoreShares Wealth Next 40 Equal Weighted ETF
Share code: CSNT40
ISIN: ZAE000320784

Portfolios / ETFs in the CoreShares Index Tracker Collective Investment Scheme (the “ETF Scheme”)
registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed
by CoreShares Index Tracker Managers (RF) Proprietary Limited (the “Manager”).


ANNOUNCEMENT IN RESPECT OF THE CHANGES BY CORESHARES INDEX
TRACKER MANAGERS (RF) (PTY) LTD (“THE MANAGER”)

Investors are hereby notified of the following changes expected to take effect on or about 10
September 2023, subject to regulatory approval.

-    Changes to Registered Names of the Manager, the ETF Scheme and ETF Portfolios,
-    Change in Trustee/Custodian of the Manager,
-    Change to Registered Address and contact details of the Manager,
-    Change to Investment Manager of the ETFs, and
-    Changes to the board of directors of the Manager.

1. Background

The Manager is a wholly owned subsidiary of CoreShares Holdings (Pty) Ltd (“CoreShares”) and is an
approved manager of collective investment schemes (“CIS”) in securities in terms of section 42 of
the Collective Investment Schemes Control Act, 2022 (“CISCA”) currently twenty-three (23) CIS
portfolios with nine (9) established under the CoreShares Collective Investment Scheme, twelve (12)
exchange traded funds (“ETFs”) and two (2) actively managed exchange traded funds (“AMETFs”)
established under the CoreShares Index Tracker Collective Investment Scheme (“ETF Scheme”).

10X Investments (Pty) Ltd (“10X”) acquired a 100% shareholding in CoreShares Holdings (Pty) Ltd on
31 December 2022 (“Acquisition”).

10X is an authorised Financial Services Provider (“FSP”) in terms of the Financial Advisory and
Intermediary Services Act, 37 of 2002 (“FAIS Act”) under FSP number 28250 and licensed as an
Administrator in terms of S13B of the Pension Funds Act, 24 of 1956 by the Financial Sector Conduct
Authority (“Authority”).

10X is a 100% shareholder of 10X Index Fund Managers (RF) (Pty) Ltd, an approved manager of CIS
in securities in terms of CISCA with ten (10) traditional CIS portfolios (“10X Portfolios”) established
under the 10X Index Fund Scheme.

10X is well-known as a challenger brand and consumer champion for its retirement savings products
which all have an index and outcomes-based investment underpin. This offering ties in well with
CoreShares’ complementary building block offerings, including ETFs, AMETFs, segregated mandates,
and smart beta offerings. Accordingly, all clients will benefit from the additional scale, expertise and
capacity offered by the combined entity. Scale is critical to being competitive in rules-based investing
and we anticipate that in the next few years a small number of players in South Africa will have
sufficient scale to be successful and reduce costs for South African investors.

2. Post acquisition strategic alignment, rebranding and integration

This Acquisition has created an independent, full-service, indexing and rules-based investment
specialist with more than R34 billion in combined assets under management.

A process to align the group structure, operations and service providers across the 10X and
CoreShares CIS management companies is currently underway and will ultimately see the 10X
portfolios moving across to the CoreShares CIS Manager, the rebranding of the CoreShares CIS
Manager, CIS portfolios, AMETFs and ETFs to “10X” and an alignment of key services providers
across the group to support growth, product & cost optimisation, improve client outcomes and
service, resulting in harmonised investment strategies and succinct client proposition.

3. Summary of the changes

The following name changes are expected to take effect on 10 September 2023, subject to regulatory
approval.


3.1. Changes to the Registered Names of the Manager, the ETF Scheme, and the ETF
     Portfolios

      Current name of the Manager                     New name of the Manager                  Share   New Share
                                                                                                Code    Code
      CoreShares Index Tracker Managers (RF)          10X Fund Managers (RF) Proprietary
      Proprietary Limited                             Limited”
      CoreShares Index Tracker Collective             10X Exchange Traded Fund Scheme
      Investment Scheme

      Current name of the ETFs                        New name of the ETFs

      CoreShares Yield Selected Bond                  10X Yield Selected Bond Exchange          CSYSB
      Exchange Traded Fund                            Traded Fund
      CoreShares DivTrax Exchange Traded              10X DivTrax Exchange Traded Fund          DIVTRX
      Find
      CoreShares S&P South Africa Top50               10X S&P South Africa Top50 Index          CTOP50
      Index Exchange Traded Fund                      Exchange Traded Fund
      CoreShares S&P Global Dividend                  10X S&P Global Dividend Aristocrats       GLODIV
      Aristocrats Exchange Traded Fund                Exchange Traded Fund
      CoreShares S&P 500 Exchange Traded              10X S&P 500 Exchange Traded Fund          CSP500
      Fund
      CoreShares S&P Global Property                  10X S&P Global Property Exchange          GLPROP
      Exchange Traded Fund                            Traded Fund
      CoreShares Scientific Beta Multi Factor         10X Scientific Beta Multi Factor Index    SMART
      Index Exchange Traded Fund                      Exchange Traded Fund
      CoreShares South African Property               10X South African Property Income         CSPROP
      Income Exchange Traded Fund                     Exchange Traded Fund
      CoreShares Total World Stock Feeder             10X Total World Stock Feeder Exchange     GLOBAL
      Exchange Traded Fund                            Traded Fund
      CoreShares Wealth GOVI Bond Exchange            10X Wealth GOVI Bond Exchange Traded      CSGOVI
      Traded Fund                                     Fund
      CoreShares Wealth Top 20 Capped                 10X Wealth Top 20 Capped Exchange         CTOP20       WTOP20
      Exchange Traded Fund                            Traded Fund
      CoreShares Wealth Next 40 Equal                 10X Wealth Next 40 Equal Weighted         CSNT40       WNXT40
      Weighted Exchange Traded Fund                   Exchange Traded Fund
     Note: The ISIN numbers of the ETF Portfolios will remain unchanged, and the Portfolios will retain their trading history.


3.2. Change in Trustee/Custodian of the Manager

The Manager has applied to the Authority for approval to change the appointed trustee/custodian
trustee of the CoreShares Collective Investment Scheme as part of the stated plan to integrate
structures and align service providers across the 10X and CoreShares CIS management companies,
from Nedbank Limited to FirstRand Bank Limited, the trustee/custodian of the current 10X Index Fund
Scheme with effect from 9 September 2023.


3.3. Change to Registered Address and contact details of the Manager

The Registered Address of the Manager will change from Grindrod Tower, 4th floor, 8a Protea Place
Sandton 2146 to The Terraces 14th Floor, Office 01401, 34 Bree Street, Cape Town, Western Cape,
8001 with effect from 10 September 2023.

New contact details:
Tel:                +27 21 412 1010
E-mail:             info@10x.co.za


3.4. Change to Investment Manager of the ETFs

The entire CoreShares team has joined 10X, adding breadth and depth to the overall team, and
ensuring continuity for clients. As part of the integration of the investment management function and
consolidation of FAIS licenses 10X Investments (Pty) Ltd, FSP number 28250 will be appointed as the
investment manager of all portfolios, ETFs and AMETFs across the management companies, with
effect from 10 September 2023.


3.5. Changes to the board of directors of the Manager

As a result of the change in ownership the directors of the Manager will change with effect from 10
September 2023, and will consist of David Andrew Polkinghorne (newly classified as an Independent
Non-executive director), Craig Brabazon Hallowes (Independent Non-executive director), Gareth Craig
Stobie (Managing Director) with Marc Weber (Independent Non-executive director) and Caroline
Naylor – Renn (Executive Director) being newly appointed. Colin Michael Linnett has resigned from
his position as an independent non-executive director of the Manager.


3.6.     Salient dates
The JSE has granted its conditional formal approval, subject to the approval from the Financial Sector
Conduct Authority (“FSCA”) being received prior to the finalisation date.

The salient dates in respect of the name changes are set out below:

  Timeline for the implementation of the name change                        2023

  Declaration date announcement                                             Tuesday, 22 August

  Finalisation date announcement                                            Tuesday, 29 August

  Last day to trade in old name securities                                  Tuesday, 5 September

  List and trade new securities                                             Wednesday, 6 September
  (termination of trading under the old names)

  Record date                                                               Friday, 8 September

  Accounts of dematerialised securities holders updated                     Monday, 11 September
  at their CSDPs or brokers


The updated Offering Circular and updated Supplements reflecting the name changes are available
on the website at www.coreshares.co.za .

22 August 2023
Corporate advisor and sponsor:                   Grindrod Bank Limited
Trustee:                                         Nedbank Limited



Date: 22-08-2023 02:00:00
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