SATRIX COLLECTIVE INVESTMENT SCHEME - Changes To The Benchmark Index for the Satrix Property ETF (STXPRO)

Changes To The Benchmark Index for the Satrix Property ETF (STXPRO)

Satrix Managers (RF) Pty Ltd
Satrix Property ETF
JSE Code: STXPRO
ISIN: ZAE000240131
("Satrix Prop" 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

Changes To The Benchmark Index for the Satrix Property ETF
(STXPRO)

Holders of Satrix Property ETF securities are referred to the
announcement released on SENS on 10 June 2026 regarding the ballot
results in relation to the changes to the investment policy and the
name of the ETF. As of 19 June 2026, Satrix Prop changed from tracking
the S&P South Africa Composite Property Capped Index to tracking the
FTSE/JSE All Property Index (J803) (price return).

The implementation of the FTSE/JSE All Property Index (J803) (price
return) as the new index which the ETF tracks has had no effect on
either the number of issued Satrix Prop units, or the value of
each Satrix P r o p .

There is however a difference in the closing index levels of the
S&P South Africa Composite Property Capped Index (price return) and
the FTSE/JSE All Property Index (J803) (price return) which required
that an adjustment be made to the amount that each Satrix Prop security
represents of the FTSE/JSE All Property Index (J803)(price return).

Therefore, to cater for the difference in the closing index levels a
factor of 1.1418 ("Adjustment Factor") was calculated.

Post the implementation of the new index, each Satrix Prop security
tracking the FTSE/JSE All Property Index (J803)(price return) will
now represent 1/1000TH of the index level multiplied by the Adjustment
Factor of 1.1418 (the adjustment factor) plus an amount which reflects
a pro rata portion of any accrued distribution amount within the
portfolio.


31 July 2026

JSE Sponsor
Vunani Sponsors

Date: 31-07-2026 02:22:00
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