Restatement Of Annual Financial Statements For The Prior Financial Year Under Satrix Collective Investment Scheme 2

SATRIX COLLECTIVE INVESTMENT SCHEME IN SECURITIES 2

 Satrix Equity Momentum ETF                                     Satrix Shariah Top 40 ETF
 Short name: SATRIXEQM                                          Short name: SATRIXSHA
 JSE code: STXEQM                                               JSE code: STXSHA
 ISIN: ZAE000318911                                             ISIN: ZAE000318887

 Satrix S&P GIVI South Africa Top 50 ETF                        Satrix ILBI ETF
 Short name: SATRIXT50                                          Short name: SATRIXIFL
 JSE code: STXT50                                               JSE code: STXIFL
 ISIN: ZAE000318317                                             ISIN: ZAE000318291

 Satrix Multi Asset Passive Portfolio Solutions Growth ETF      Satrix Low Volatility ETF
 Short name: SATRIXMAG                                          Short name: SATRIXLVL
 JSE code: STXMAG                                               JSE code: STXLVL
 ISIN: ZAE000318341                                             ISIN: ZAE000318333

 Satrix Multi Asset Passive Portfolios Solutions Protect ETF    Satrix Value Equity ETF
 Short name: SATRIXMAP                                          Short name: SATRIXVEQ
 JSE code: STXMAP                                               JSE code: STXVEQ
 ISIN: ZAE000318358                                             ISIN: ZAE000318325

 Satrix TRACI 3 Month ETF                                       Satrix GOVI ETF
 Short name: SATRIXTRA                                          Short name: SATRIXGVI
 JSE code: STXTRA                                               JSE code: STXGVI
 ISIN: ZAE000318903                                             ISIN: ZAE000318283

 Satrix S&P Namibia Bond ETF
 Short name: SATRIXNAM
 JSE code: STXNAM
 NSX code: SXNNAM
 ISIN: ZAE000318275

Portfolios in the Satrix Collective Investment Scheme in securities 2, registered as such in terms of the
Collective Investment Schemes Control Act, 45 of 2002

RESTATEMENT OF ANNUAL FINANCIAL STATEMENTS FOR THE PRIOR FINANCIAL YEAR UNDER THE SATRIX
COLLECTIVE INVESTMENT SCHEME IN SECURITIES 2

Following the appointment of Satrix Managers (RF) Proprietary Limited as the manager of the Satrix
Collective Investment Scheme in securities 2 (previously known as NewFunds Collective Investment Scheme
in securities), the portfolios have adopted the accounting policies as applied by all schemes managed Satrix
Managers (RF) Proprietary Limited.

Unitholders are hereby advised that there was a restatement of the prior annual financial statements of the
Portfolios under the Satrix Collective Investment Scheme in Securities 2. The restatement had no impact on
the profit or loss, or net asset value attributable to investors.

    1. Reclassification:

        Investments held at fair value and interest receivable on investments:
        Interest receivable on investment now forms part of the carrying amount of the Investments held at
        fair value through profit or loss. The reclassification will enhance the IFRS 13 – Fair value
        Measurement disclosures for financial instruments carried at fair value through profit or loss by
        reflecting the total fair value calculated for these investments in one financial statement line item.

    2. Change in accounting policies:

        Distributions were previously recognised in the Statement of comprehensive income net of the
        reinvestment of distributions amount. The recognition of distributions has changed to be recognised
        in the Statement of comprehensive income as the full distribution amount declared. The
        reinvestment of distribution is recognised in the Statement of changes in net assets attributable to
        investors. The restatement will enhance the disclosure and recognition of the distributions by
        reflecting the full distribution amount in the Statement of comprehensive income and reflecting the
        reinvestment of the distributions as a capital transaction in the Statement of changes in net assets
        attributable to investors.

    3. Capital and Income attributable to investors:

        The allocation between capital and income attributable to investors as at 1 January 2022 has been
        restated to reflect the correct capital value representing the value of the investments held at fair
        value through profit and loss as at 1 January 2022. The restatement will ensure that the capital
        attributable to investors as per the Statement of changes in net assets attributable to investors,
        accurately represents the value of the investments held at fair value through profit and loss.

    4. Classification of cash flow items:

        Distributions paid
        Distributions paid has been reclassified from operating activities to financing activities in the
        Statement of Cashflows. Distributions paid represent a cashflow activity which alters the net assets
        attributable to investors of the portfolio.

        Purchases and sales
        Purchases and sales of investments have been reclassified from operating activities to investing
        activities in the Statement of Cashflows. Purchases and Sales of investments represent a cashflow of
        acquisition and disposal of long-term assets which is not held for dealing or trading purposes.

        Creations and redemptions
        Creations and redemptions (previously netted against purchases and sales in the statement of
        cashflows) have been reclassified from operating activities to financing activities in the Statement of
        Cashflows. Creations and redemptions represent a cashflow of activity which alters the net assets
        attributable to investors of the portfolio.


Kindly refer to the restatement note in the individual sets of Annual Financial Statements for the year ending
31 December 2023, available on the Satrix website https://satrix.co.za/products


Sandton
27 March 2024

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Date: 27-03-2024 04:40:00
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