ASHINF Redemption of units

Ashburton Management Company RF Proprietary Limited
Ashburton Inflation 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: ASHINF
ISIN: ZAE000215331
(“ASHINFBND”)

PARTIAL DELISTING OF ASHBURTON INFLATION ETF SECURITIES

The JSE Limited has approved the redemption of 500 000 Ashburton Inflation ETF securities
with effect from commencement of business on Friday, 14 August 2020, at an issue price of
approximately R18.87 per security. Subsequent to this redemption there will be 16 534 948 Ashburton
Inflation ETF securities in issue.

Johannesburg
13 August 2020

Date: 13-08-2020 02:22:00
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