Change To Index Constituents Effective 02 November 2021 - NFEDEF NEWFUNDS SA TARGET VOLATILITY DEFENSIVE EQUITY EXCHANGE TRADED FUND PORTFOLIO Share code: NFEDEF ISIN: ZAE000254868 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) CHANGE TO INDEX CONSTITUENTS EFFECTIVE 02 NOVEMBER 2021 - NFEDEF In terms of section 19.28 of the JSE Limited Listings Requirements (JSE LRs), notice is hereby given to investors of the above ETF securities that the ETF portfolio was rebalanced on 29 October 2021 and that the following changes in the constituents of the underlying index in the table below are effective on 02 November 2021. Constituent(s) added to index Constituent(s) removed from index NFEDEF - NEDBANK GROUP LIMITED (NED) - KUMBA IRON ORE LIMITED (KIO) Investors are advised that the above index is rebalanced on a quarterly basis, and the composition of each of the portfolios may be viewed Capital ETF website (http://aiss.absa.africa). 02 November 2021 Sponsor Vunani Date: 02-11-2021 02:15:00 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.