Ashburton Inflation ETF resolved to make a quarterly distribution for the quarter ended 30 June 2017. The distribution will amount to 17.80821 cents (ZAR 0.1780821) per Ashburton Inflation ETF security; be constituted 17.80821 cents (ZAR 0.1780821) in respect of interest; be made to all holders of Ashburton Inflation ETF securities recorded in the register on 28 July 2017; and be effected on 31 July 2017.