SATRIX COLLECTIVE INVESTMENT SCHEME - Fraction Rate Announcement in Respect of the Smart City Infrastructure Feeder ETF (STXCTY) Amalgamation with STXIFR

Fraction Rate Announcement in Respect of the Smart City Infrastructure Feeder ETF (STXCTY) Amalgamation with STXIFR

SATRIX MANAGERS (RF) PTY LTD
SATRIX SMART CITY INFRASTRUCTURE FEEDER ETF
SHARE CODE: STXCTY
ISIN: ZAE000311577

SATRIX GLOBAL INFRASTRUCTURE FEEDER ETF
JSE CODE: STXIFR
ISIN: ZAE000301586

Portfolios in the Satrix Collective Investment Scheme, registered as such in
terms of the Collective Investment Schemes Control Act, 45 of 2002

FRACTION RATE ANNOUNCEMENT IN RESPECT OF THE SATRIX SMART CITY INFRASTRUCTURE
FEEDER ETF (STXCTY) AMALGAMATION WITH SATRIX GLOBAL INFRASTRUCTURE FEEDER
ETF (STXIFR)

Further to the announcement released on SENS on Tuesday, 04 November 2025
regarding the finalisation announcement, and the issue price announcement on
Thursday, 13 November 2025, Satrix Managers (RF) Pty Limited hereby announce
the fraction rate.

SATRIX SMART CITY INFRASTRUCTURE FEEDER ETF (STXCTY) investors are further
advised that, they will be paid a fractional entitlement in the instance
where fractional ETF securities cannot be issued. This will be equivalent to
the fraction each individual is entitled to based on their individual
holdings in the SATRIX SMART CITY INFRASTRUCTURE FEEDER ETF (STXCTY) as at
record date Monday, 17 November 2025.

The conversion ratio is 1.27635. For each STXCTY unit, an investor will
receive 1.27635 STXIFR units as at market close on Monday, 17 November 2025.

The fraction rate is R61.927317 (6192.7317 cents) at LDT+1 less 10%. This
equates to R55.7345853 (5573.45853 cents), which is 6192.7317 cents less
10%.

Example of fractional entitlement: Assuming an investor holds 10 STXCTY
securities on Monday, 17 November 2025 (Record date), the investor will
receive 10 x 1.27635 = 12.7635 STXIFR securities. This is then rounded down
to 12 securities.

The fraction of 0.7635 securities is paid at a rate of R55.7345853 (5573.45853
cents).

14 November 2025
Satrix Managers (RF) Pty Limited

Sponsors
Vunani Sponsors

Date: 14-11-2025 02:15:00
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