10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Conversion Ratio Announcement in respect of the Amalgamation of the 10X SCIBETA M-FI ETF with the 10X TOP50 ETF

Conversion Ratio Announcement in respect of the Amalgamation of the 10X SCIBETA M-FI ETF with the 10X TOP50 ETF

10X Fund Managers (RF) Proprietary Limited
10X SciBeta M-FI ETF
Share code: SMART
ISIN: ZAE000269502


10X Top50 ETF
Share code: CTOP50
ISIN: ZAE000204327


Portfolios in the 10X Exchange Traded Fund Scheme registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002 ("CISCA"), managed by 10X Fund Managers (RF) Proprietary Limited
("10X").


CONVERSION RATIO ANNOUNCEMENT IN RESPECT OF THE AMALGAMATION OF THE 10X SCIBETA M-FI
ETF WITH THE 10X TOP50 ETF


This announcement is important and requires the immediate attention of investors in the 10X Scientific Beta
Multi Factor Exchange Traded Fund ("10X SciBeta M-FI ETF ") and the 10X S&P SA Top50 Exchange Traded
Fund ("10X Top50 ETF") portfolios.


Investors are referred to the Finalisation Announcement released on SENS on 11 July 2024 and are advised
the that the conversion ratio for the Amalgamation is 1.66402 10X Top50 ETF securities for every 1 10X
SciBeta M-FI ETF security held by a SciBeta M-FI ETF investor.


The final conversion ratio was determined based on the issue prices of R 32.5942 per 10X Top50 ETF security
and R 54.2375 per SciBeta M-FI ETF security, respectively as at market close on Friday, 12 July 2024.


 Salient dates in respect of the Amalgamation remains unchanged and are set out below:

  Timeline for the implementation of the Amalgamation                      2024

  Last Day to Trade in the 10X SciBeta M-FI ETF for the                    Tuesday, 16 July
  amalgamation and distributions
  Suspension of trading on the JSE of 10X SciBeta M-FI ETF (Share          Wednesday, 17 July
  Code: SMART; ISIN: ZAE000269502)

  Commencement of trading on the JSE in the 10X Top50 ETF                  Wednesday, 17 July
  (Share Code: CTOP50; ISIN: ZAE000204327)

  Fractional ratio announcement (if applicable) by 11:00                   Thursday, 18 July

  Record Date                                                              Friday, 19 July
  Accounts of dematerialised securities holders updated at their              Monday, 22 July
  CSDPs or brokers

  Termination of trading of the 10X SciBeta M-FI ETF on JSE                   Tuesday, 23 July

  The trading history of 10X Top50 ETF as the Targeted Portfolio will be retained.

 NOTICE AND RESTRICTIONS

 The securities being issued pursuant to this announcement are not eligible for sale in the United States or
 in any other jurisdiction in which trading in the securities would be illegal. The securities have not been, and
 will not be, registered under the U.S. Securities Act of 1933, as amended, and the U.S. Commodity Futures
 Trading Commission under the


 U.S. Commodity Exchange Act has not approved trading in the securities. The securities may not be offered,
 sold, or delivered within the United States or to U.S. persons, nor may any U.S. person at any time trade or
 maintain a position in the securities.


Should you require any further assistance please send an email to info@10x.co.za .


15 July 2024
Corporate advisor and sponsor:         African Bank Limited (Business and Commercial Banking Division)
Trustee:                               FirstRand Bank Limited

Date: 15-07-2024 11:02:00
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