ASHT40 - Rebalancing of the Ashburton Top 40 ETF Ashburton Top 40 ETF A portfolio in the Ashburton Collective Investment Scheme in Securities Exchange Traded Funds (“the portfolio”) registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 Share Code: ASHT40 ISIN: ZAE000215364 (“ASHTOP40”) REBALANCING OF THE ASHBURTON TOP 40 ETF Notice is hereby given that the quarterly review of the FTSE/JSE Top 40 Index has resulted in the rebalancing of the Ashburton Top 40 ETF. There have been changes to the Ashburton Top 40 ETF constituent weightings. The complete list of current constituents and their respective weightings have been included in the table below: Share Code Share Previous Weight New Weight ABG ABSA GROUP LTD 1.31% 1.53% AGL ANGLO AMERICAN PLC 9.86% 9.68% AMS ANGLO AMERICAN PLATINUM 1.29% 1.22% ANG ANGLOGOLD ASHANTI 1.57% 1.48% APN ASPEN PHARMACARE HLD 0.87% 1.42% BHP BHP GROUP PLC 12.38% 12.35% BID BID CORPORATION LIMITED 1.46% 1.65% BTI BRIT AMERICA TOBACO 2.09% 2.14% BVT BIDVEST GROUP LTD 0.91% 1.02% CFR COM FINANCE RICHMONT SA 12.85% 12.24% CLS CLICKS GROUP LTD 0.85% 1.17% CPI CAPITEC BANK HOLDING 1.92% 2.41% DSY DISCOVERY LTD 0.73% 0.79% EXX EXXARO RESOURCES LTD 0.57% 0.66% FSR FIRSTRAND LTD 3.63% 4.57% GFI GOLD FIELDS LIMITED 1.61% 1.66% GLN GLENCORE XSTRATA PLC 0.76% 0.91% GRT GROWTHPOINT PROPS LTD 0.71% 0.74% IMP IMPALA PLATINUM HOLDINGS 2.62% 2.12% INL INVESTEC LIMITED 0.23% 0.25% INP INVESTEC PLC 0.56% 0.59% MCG MULTICHOICE GROUP LTD 0.72% 0.76% MNP MONDI PLC 2.61% 2.83% MRP MR PRICE GROUP LTD 0.77% 0.81% MTN MTN GROUP LTD 2.67% 3.63% NED NEDBANK GROUP LTD 0.84% 0.92% NHM NORTHAM PLATINUM LTD 1.04% 0.91% NPN NASPERS LTD-N SHS 17.24% 7.88% NRP NEPI ROCKCASTLE PLC 0.60% 0.69% OMU OLD MUTUAL LTD 0.84% 1.07% PRX PROSUS 1.22% 5.55% REM REMGRO LIMITED 0.82% 1.00% RNI REINET INVESTMENTS SCA 0.59% 0.59% SBK STANDARD BANK GROUP LTD 2.28% 2.73% SHP SHOPRITE HLDS LTD 1.06% 1.42% SLM SANLAM LIMITED 1.53% 1.67% SOL SASOL LTD 1.70% 2.00% SPP SPAR GROUP 0.49% 0.61% SSW SIBANYE STILLWATER LTD 2.44% 2.18% VOD VODACOM GROUP 1.12% 1.31% WHL WOOLWORTHS HLDS LTD 0.66% 0.81% There has been no constituent deletions or additions. These changes were applied after the close of business on 17/09/2021 and are effective from 20/09/2021. The new portfolio constituents can be accessed at: https://www.ashburtoninvestments.com/za/individual- investor/basket-information/ashburton-top-40-etf/ZAE000215364 22 September 2021 Johannesburg Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22-09-2021 03:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.