NFNAMB : LISTING OF THE NEWFUNDS S&P NAMIBIA BOND ETF IN THE EXCHANGE TRADED FUND SECTOR ON THE JSE AND NSX: 
The Newfunds Collective Investment Scheme in Securities
Newfunds S&P Namibia Bond ETF
JSE code: NFNAMB
NSX code: NFNAMA
ISIN: ZAE000276770
("NF NAM 10 Bonds" or "the Portfolio")

A Portfolio under the NewFunds Collective Investment Scheme in Securities ("NewFunds")
registered as such in terms of the Collective Investment Schemes Control Act, 45 of
2002.

LISTING OF THE NEWFUNDS S&P NAMIBIA BOND ETF IN THE EXCHANGE TRADED FUND SECTOR ON
THE JSE AND NSX.

This announcement is issued in compliance with section 19.27 of the JSE Listings
Requirements and is issued for information purposes pertaining to the listing of the
Portfolio.

INTRODUCTION

The Newfunds S&P Namibia Bond ETF is managed by NewFunds (RF) Proprietary Limited
(the "Manager") and has been established with the intention of allowing an Investor
to obtain market exposure to the Top 10 largest Sovereign Bonds issued by the
Government of the Republic of Namibia. The Portfolio will track and replicate the
total return version of the S&P Namibia Sovereign Bond 1+ year Top 10 Index (the
"Index") in local currency of the Republic of Namibia, an index whereby each
constituent bond has a maturity of greater than or equal to 12 months.

The index is created and maintained by S&P Dow Jones Indices, and is a subset of the
full Namibia Sovereign Bond Index. The Portfolio will replicate the performance of
the index in local currency, rebalance monthly in line with the Index, and reinvest
all income received by the Portfolio into the constituents securities of the index
thereby increasing the net asset value of the Portfolio. The Portfolio will be listed
on both the Namibian Stock Exchange (NSX) and Johannesburg Stock Exchange (JSE) as
an Exchange Traded Fund (ETF), and can be traded throughout any trading day at
prevailing market prices. According to the index methodology, the Index is rebalanced
on a monthly basis, on the last trading day of the month. The index committee may
change this date to cater for market holidays.


APPROVAL

Approval for the listing of the Newfunds S&P Namibia Bond ETF was granted by the JSE
on 4 November 2019 and conditional approval from the NSX on 5 November 2019.

LISTING AND OFFERING SUMMARY

Investors are able to participate by acquiring participatory interest in the Portfolio
by way of an initial offer. The initial offer is available to both retail and
institutional investors, and is available via:

*   an investment or trading platform
*   the participant broker
*   any JSE/NSX broker member
*   the applicant's CSDP

During the initial offer, applicants shall be entitled to subscribe for participatory
interests either in cash or in-specie at the offer price. There is no minimum or
maximum number of participatory interests which may be issued in terms of the initial
offer.


RAMP UP PERIOD

This refers to the period where underlying securities will be acquired by the Newfunds
S&P Namibia Bond ETF with the cash proceeds raised from the initial offer.
SALIENT DATES AND TIMES AND FURTHER ANNOUNCEMENT

 SENS announcements of Listing Approval and
                                                                         Wednesday, 6 November 2019
 posting/issue on
 Opening date of Initial Offer at 9:00 on:                                 Monday, 11 November 2019
 Closing date of Initial Offer at 12:00 on*:                               Friday, 22 November 2019
 Letters of allocation issued                                              Monday, 25 November 2019
 Publication of announcement on SENS as to the
                                                                           Monday, 25 November 2019
 results of the initial offer:
 Settlement of the LA and accounts at CSDP/Broker
                                                                           Monday, 25 November 2019
 debited
 Opening date of Ramp-Up Period at 09:00 on:                               Monday, 25 November 2019
 Listing date (In Specie Subscriptions) at 09:00
                                                                          Tuesday, 26 November 2019
 on#:
 Closing date of Ramp-Up Period at 12:00 on*:                          Wednesday, 27 November 2019
 Conversion ratio published by 11:00 on                                  Thursday,28 November 2019
 Additional listing date (cash subscription) at
                                                                           Friday, 29 November 2019
 09:00 on:

*Applicants should contact their professional investment advisor, JSE broker member, relevant broker on the
Namibian Stock Exchange, investment/trading platform, the participant broker or CSDP - to ascertain the
timing for submission of applications, as this will vary dependant on the professional investment advisor,
broker, investment/trading platform or CSDP in question.

# The Newfunds S&P Namibia Bond ETF will officially list on the JSE on Tuesday, 26 November 2019. The
additional listing of the participatory interests subscribed for as part of the cash subscription process,
will list on the JSE on Friday, 29 November 2019.

*The duration of the Ramp-Up Period may be extended depending on prevailing market liquidity, in which event
the Listing Date in respect of Cash Subscriptions will occur on a later date.

Notes:
1. One Letter of Allotment ("LA") will be issued for every one Rand subscription
   against a subscriber's CSDP or broker account being debited with the Rand amount.
   Once the Baskets have been acquired on behalf of the Portfolio, CSD will convert
   the LA's to Participatory Interests in the CSDP accounts in accordance with the
   conversion ratio to be published on SENS.
2. An announcement of the initial offer price in respect of cash subscriptions and
   the basis of allocations of participatory interests will be announced on Monday,
   25 November 2019.
3. Late applications will not be accepted.

COPIES OF PORTFOLIO SUPPLEMENT

Copies of the Offering Circular and the Applicable Portfolio Supplement are available
on the NewFunds website: http://etfcib.absa.co.za/products/Pages/default.aspx

Johannesburg

6 November 2019

Market Maker
Absa Corporate and Investment Banking, a division of Absa Bank Limited

JSE Sponsor                                NSX Broker
Vunani Capital                             Cirrus Securities

Date: 06/11/2019 07:30:00
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