STXRAF : Rebalancing Of The SATRIX RAFI 40 Portfolio: 
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RAFI PORTFOLIO
JSE code: STXRAF
ISIN code: ZAE000126033
("Satrix Rafi 40" or the "ETF")

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 RAFI 40 PORTFOLIO

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

There have been changes to the Satrix Rafi 40 constituents and
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
ABG     Barclays Africa (ABSA)        4.64%    4.46%
AGL     Anglo American plc            7.32%    7.05%
ANG     Anglogold Ashanti Ltd         1.54%    2.02%
APN     Aspen Pharmacare Hldgs L      0.77%    0.74%
BAW     Barloworld Ltd                0.86%    0.86%
BHP     BHP GROUP PLC                 9.83%   10.10%
BID     BID Corporation Ltd           1.83%    1.99%
BTI     British American Tob plc      2.84%    3.24%
BVT     Bidvest Ltd                   1.16%    1.16%
CFR     Compagnie Fin Richemont       8.16%    8.18%
FSR     Firstrand                     3.71%    3.65%
GFI     Gold Fields Ltd               2.16%    2.25%
GLN     Glencore plc                  1.07%    1.07%
GRT     Growthpoint Prop Ltd          1.39%    1.44%
IMP     Impala Platinum Hlgs Ltd      1.01%    1.48%
INL     Investec Ltd                  0.73%    0.73%
INP     Investec plc                  1.79%    1.74%
ITU     INTU PROPERTIES PLC           0.71%    0.40%
LHC     Life Healthc Grp Hldgs L      0.61%    0.66%
MNP     Mondi plc                     2.24%    2.85%
MND     Mondi Ltd                     0.71%    0.00%
MTN     MTN Group Ltd                 6.80%    6.76%
NED     NEDCOR                        2.65%    2.56%
NPN     Naspers Ltd -N-               4.87%    3.72%
NTC     Netcare Limited               0.61%    0.63%
OMU     Old Mutual plc              1.81%     1.76%
QLT     Quilter Plc                 0.88%     0.96%
RDF     Redefine Properties Ltd     0.92%     0.87%
REM     Remgro Ltd                  1.40%     1.38%
SAP     Sappi Ltd                   1.03%     0.73%
SBK     Standard Bank Group Ltd     6.28%     5.89%
SGL     Sibanye Gold Limited        0.89%     1.19%
SHP     Shoprite Holdings Ltd       1.75%     1.46%
SLM     Sanlam                      2.50%     2.53%
SOL     Sasol Limited               6.40%     5.27%
SPP     The Spar Group Ltd          1.00%     1.05%
TBS     Tiger Brands Ltd            0.72%     0.75%
TKG     Telkom SA SOC Ltd           1.09%     0.91%
VOD     Vodacom Group Ltd           1.92%     2.07%
WHL     Woolworths Holdings Ltd     1.38%     1.75%
                                  100.00%   100.00%


These changes were applied after the close of business on Friday, 20
September 2019 and are effective from Monday, 23 September 2019.

Sandton
23 September 2019

Sponsor
Vunani Corporate Finance

Date: 23/09/2019 05:40:00
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