Rebalancing of the Ashburton TOP 40 ETF - ASHT40: 
Ashburton Top 40 ETF
A portfolio in the Ashburton Collective Investment Scheme ("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 a 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                                  1.97%      2.03%
 AGL            ANGLO AMERICAN PLC                              5.63%      7.38%
 AMS            ANGLO AMERICAN PLATINUM                         0.87%      0.89%
 ANG            ANGLOGOLD ASHANTI                               1.96%      2.02%
 APN            ASPEN PHARMACARE HLD                            0.59%      0.00%
 BHP            BHP GROUP PLC                                  11.25%     11.59%
 BID            BID CORPORATION LIMITED                         1.76%      1.81%
 BTI            BRIT AMERICA TOBACO                             2.55%      2.62%
 BVT            BIDVEST GROUP LTD                               1.10%      1.13%
 CFR            COM FINANCE RICHMONT SA                         9.23%      9.50%
 CLS            CLICKS GROUP LTD                                0.89%      0.92%
 CPI            CAPITEC BANK HOLDING                            1.13%      1.16%
 DSY            DISCOVERY LTD                                   0.72%      0.74%
 EXX            EXXARO RESOURCES                                0.53%      0.55%
 FSR            FIRSTRAND LTD                                   3.42%      3.52%
 GFI            GOLD FIELDS LIMITED                             0.96%      0.98%
 GRT            GROWTHPOINT PROPS LTD                           1.13%      1.17%
 IMP            IMPALA PLATINUM HOLDINGS                        0.00%      1.10%
 INL            INVESTEC LIMITED                                0.45%      0.46%
 INP            INVESTEC PLC                                    0.96%      1.01%
 MCG            MULTICHOICE GROUP LTD                           0.85%      0.88%
 MNP            MONDI PLC                                       2.35%      2.42%
 MRP            MR PRICE GROUP LTD                              0.65%      0.67%
 MTN            MTN GROUP LTD                                   3.00%      3.09%
 NED            NEDBANK GROUP LTD                               1.58%      1.62%
 NPN            NASPERS LTD-N SHS                              16.58%     17.31%
 NRP            NEPI ROCKCASTLE PLC                             0.78%      0.80%
 OMU            OLD MUTUAL LTD                                  1.59%      1.60%
 PRX           PROSUS                                          7.75%           3.02%
 PSG           PSG GROUP LIMITED                               0.58%           0.00%
 RDF           REDEFINE PROP LTD                               0.74%           0.77%
 REM           REMGRO LIMITED                                  1.49%           1.54%
 RMH           RMB HOLDINGS LIMITED                            0.99%           1.02%
 SAP           SAPPI LIMITED                                   0.35%           0.00%
 SBK           STANDARD BANK GROUP LTD                         3.86%           3.98%
 SGL           SIBANYE GOLD LTD                                0.00%           0.64%
 SHP           SHOPRITE HLDS LTD                               0.98%           1.01%
 SLM           SANLAM LIMITED                                  2.24%           2.31%
 SOL           SASOL LTD                                       2.59%           2.67%
 SPP           SPAR GROUP                                      0.60%           0.62%
 TBS           TIGER BRANDS LIMITED                            0.61%           0.63%
 TFG           THE FOSCHINI GROUP LTD                          0.61%           0.63%
 VOD           VODACOM GROUP                                   1.22%           1.25%
 WHL           WOOLWORTHS HLDS LTD                             0.90%           0.92%


The following constituents have been added to the Ashburton Top 40 ETF:

 Share Code     Share                                  Previous Weight     New Weight
 IMP            IMPALA PLATINUM HOLDINGS                          0.00%            1.10%
 SGL            SIBANYE GOLD LTD                                  0.00%            0.64%

The following constituents have been removed from the Ashburton Top 40 ETF:

 Share Code     Share                                  Previous Weight   New Weight
 APN            ASPEN PHARMACARE HLD                               0.59%       0.00%
 PSG            PSG GROUP LIMITED                                  0.58%       0.00%
 SAP            SAPPI LIMITED                                      0.35%       0.00%

These changes were applied after the close of business on 20/09/2019 and are effective from 23/09/2019.

27 September 2019
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 27/09/2019 09:15:00
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.