STX40 201812270034A
Rebalancing of the Satrix 40 Portfolio

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")

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

REBALANCING OF THE SATRIX 40 PORTFOLIO

Notice is hereby given that the quarterly review of the FTSE/JSE Top
40 Index has resulted in a rebalancing of the Satrix 40 ETF
Portfolio.

There have been changes     to   the   Satrix   40   constituents   and   the
constituent weightings.

The complete list of current constituents and             their   respective
weightings have been included in the table below:


                                    Previous      New
Code     Share                       weight     weight
AGL      Anglo American plc            5.22%      5.56%
ANG      Anglogold Ashanti Ltd         0.82%      1.28%
APN      Aspen Pharmacare Hldgs L      1.05%      0.87%
ABG      Barclays Africa (ABSA)        1.78%      1.97%
BID      BID Corporation Ltd           1.63%      1.53%
BHP      BHP GROUP PLC                10.54%     11.13%
BTI      British American Tob plc      2.77%      2.09%
BVT      Bidvest Ltd                   1.03%      1.22%
CFR      Compagnie Fin Richemont      10.00%      8.30%
CLS      Clicks Group Ltd              0.72%      0.83%
CPI      Capitec                       0.84%      1.02%
DSY      Discovery                     0.97%      0.94%
FSR      Firstrand                     3.67%      3.61%
GRT      Growthpoint Prop Ltd          1.08%      1.20%
INL      Investec Ltd                  0.51%      0.42%
INP      Investec plc                  1.12%      0.92%
LHC      Life Healthc Grp Hldgs L      0.58%      0.62%
MEI      Mediclinic Internat Ltd       0.51%      0.00%
MND      Mondi Ltd                     0.77%      0.64%
MNP      Mondi plc                     2.40%      1.94%
MRP      Mr Price Group Ltd            0.92%      1.05%
MTN      MTN Group Ltd                 2.34%      2.71%
NED      NEDCOR                        0.96%      1.93%
NPN      Naspers Ltd -N-              22.45%     22.07%
NRP      NEPI Rockcastle PLC           0.75%      0.64%
NTC      Netcare Limited               0.65%      0.67%
OMU      Old Mutual plc                2.42%      1.97%
PSG      PSG Group Ltd                0.00%     0.68%
RDF      Redefine Properties Ltd      0.86%     0.91%
RNI      Reinet Inv Soc Anon          0.64%     0.53%
REM      Remgro Ltd                   1.72%     1.75%
RMH      RMB Holdings Ltd             0.88%     1.03%
SAP      Sappi Ltd                    0.82%     0.77%
SBK      Standard Bank Group Ltd      3.80%     4.01%
SHP      Shoprite Holdings Ltd        1.35%     1.55%
SLM      Sanlam                       2.27%     2.36%
SOL      Sasol Limited                4.62%     4.12%
SPP      The Spar Group Ltd           0.59%     0.69%
TBS      Tiger Brands Ltd             0.70%     0.77%
TFG      The Foschini Group Limit     0.65%     0.66%
TRU      Truworths Int Ltd            0.58%     0.66%
VOD      Vodacom Group Ltd            1.22%     1.47%
WHL      Woolworths Holdings Ltd      0.79%     0.92%
                                    100.00%   100.00%


The following constituents have been added to the Satrix 40:


                                                 Previous     New
Code     Share                                    weight    weight
PSG      PSG Group Ltd                           0.00%      0.68%


The following constituents have been removed from the Satrix 40:


                                                 Previous     New
Code     Share                                    weight    weight
MEI      Mediclinic Internat Ltd                    0.51%    0.00%


These changes were applied after the close of business on Friday, 21
December 2018 and are effective from Monday, 24 December 2018.


Sandton
27 December 2018

Sponsor
Vunani Corporate Finance

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