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Distribution Announcement

CoreShares Index Tracker Managers (RF) Proprietary Restricted
Coreshares SA Property Earnings ETF
Share Code:CSPROP
ISIN:ZAE000273165

A portfolio within the CoreShares Index Tracker Collective Funding Scheme registered as such by way of
the Collective Funding Schemes Management Act, 45 of 2002, managed by CoreShares Index Tracker
Managers (RF) Proprietary Restricted.

DISTRIBUTION ANNOUNCEMENT

Holders of the safety are suggested that a distribution shall be made in respect of the three months
ended 31 December 2020

The next dates are of significance close to the distribution

Final date to commerce cum distribution Tuesday, 12 January 2021
Ex-date: Wednesday, 13 January 2021
Report date: Friday, 15 January 2021
Cost date: Monday, 18 January 2021

An aggregated quantity of 14.54000 cents per safety is said.

The character and supply of the distribution is defined within the following desk:
Gross Internet
Distribution Topic to Distribution
Dividend/I (Cents per Withholding tax Withholding (Cents per
nterest Overseas/ Native unit) Sure/ No Tax (%) unit)
Dividend Overseas Twin Zero,54000 Sure 20 Zero,43200
Dividend Overseas Twin (S64N rebate) 1,26000 No 1,26000
Dividend REIT 12,68000 Sure 20 10,14400
Curiosity Native Zero,06000 No Zero,06000
TOTAL 14,54000 11,89600

Supply of international taxable dividends
Guernsey 100,00%
TOTAL 100,00%

Supply of international non-taxable dividends (acquired from twin listed firms – S64N)
Isle of Man 92,54%
Nice Britain 7,46%
TOTAL 100,00%

Calculation of the non-taxable Internet Overseas Dividend (S64N rebate)
Gross dividend 1,57000
Much less: Overseas dividend withholding tax -Zero,31000
Distributable non taxable dividend (S64N rebate) 1,26000
No dividend withholding tax shall be deducted from dividends payable to a South African tax resident
qualifying for exemption from dividend withholding tax supplied that the investor has supplied the
Central Securities Depository Participant (CSDP) or dealer with the next:
a) a declaration that the distribution is exempt from dividends tax; and

b) a written endeavor to tell their CSDP or dealer, ought to the circumstances affecting the
exemption change or the useful proprietor stop to be the useful proprietor,

each within the kind prescribed by the South African Income Service. South African tax resident buyers
are suggested to contact their CSDP or dealer, to rearrange for the abovementioned paperwork to be
submitted previous to cost of the distribution, if such paperwork haven't already been submitted.

Withholding Tax on Curiosity (WTI) got here into impact on 1 March 2015.

Traders are suggested that to the extent that the distribution quantity includes of any curiosity, it can
not be topic to WTI by advantage of the truth that it's listed debt devices and/or financial institution debt.

Non-resident buyers for South African earnings tax functions

The dividend distribution acquired by non-resident buyers shall be exempt from earnings tax by way of
part 10(1)(okay)(i) of the Act, however shall be topic to dividend withholding tax. Dividend withholding tax is
levied at a price of 20%, until the speed is decreased by way of any relevant settlement for the
avoidance of double taxation (DTA) between South Africa and the nation of residence of the non-
resident investor.
A decreased dividend withholding price by way of the relevant DTA could solely be relied on if the non-
resident investor has supplied the next types to their CSDP or dealer in respect of its participatory
curiosity:

a) a declaration that the dividend is topic to a decreased price due to the appliance of a DTA; and

b) a written endeavor to tell the CSDP or dealer ought to the circumstances affecting the decreased
price change or the useful proprietor stop to be the useful proprietor,

each within the kind prescribed by the South African Income Service. Non-resident buyers are suggested to
contact their CSDP or dealer to rearrange for the abovementioned paperwork to be submitted previous to
the cost of the distribution if such paperwork haven't already been submitted.

Each resident and non-resident buyers are inspired to seek the advice of their skilled advisors ought to
they be in any doubt as to the suitable motion to take.

Date of announcement: 07 January 2021

Sponsor : Grindrod Financial institution Restricted

Date: 07-01-2021 02:04:00
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