Smart Australian Resources ETF — Capital/Financing Update 2018

Nov 15, 2018

APPENDIX 7 – NZSX Listing Rules

EMAIL: announce@nzx.com

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10.

Number of pages including this one (Please provide any other relevant details on additional pages)

For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

For change to	allotment, NZSX Listing Rule 7.12.1, a separate advice is required.	allotment, NZSX Listing Rule 7.12.1, a separate advice is required.	allotment, NZSX Listing Rule 7.12.1, a separate advice is required.	allotment, NZSX Listing Rule 7.12.1, a separate advice is required.
Full name of Issuer	Australian Resources Fund
Name of office make this noti	r autho ce	rised to			Authority for event, e.g. Directors' resolution
				Stephen Upton		Trust Deed
Contact phone number		0800 80 87 80					16 11 2018
Nature of event Tick as appropriate		Bonus Issue Rights Issue non-renouncable		If ticked, state whether: Taxable Capital Call Dividend change √	Rights Issue / Non Taxable Conversion Interest Renouncable If ticked, state Full whether: Interim√ Year Special DRP Applies √

EXISTING securities affected by this

If more than one security is affected by the event, use a separate form.

Description of the Australian Resources Fund ISIN NZASRE0001S1 class of securities If unknown, contact NZX Details of securities issued pursuant to this event If more than one class of security is to be issued, use a separate form for each class. Description of the ISIN class of securities If unknown, contact NZX Number of Securities to Minimum Ratio, e.g be issued following event Entitlement 1 for 2 for Conversion, Maturity, Call Treatment of Fractions Payable or Exercise Date Enter N/A if not Tick if provide an applicable pari passu OR explanation

Strike price per security for any issue in lieu or date TBA of the Strike Price available. ranking

Monies Associated with Event Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. In dollars and cents Source of Accrued Income Amount per security $0.06114351 Payment (does not include any excluded income) Excluded income per security $0.00000000 (only applicable to listed PIEs) Currency NZD Supplementarydividend Amount per securityin dollars and cents $0.01079003 details - Total monies $381,085 NZSX Listing Rule 7.12.7 Date Payable 20 December 2018 Taxation Amount per Security in Dollars and cents to six decimal places In the case of a taxable bonus $ Resident $ Imputation Credits $0.02377803 issue state strike price Withholding Tax (Give details) Foreign $ FDP Credits Withholding Tax (Give details)

Timing (Refer Appendix 8 in the NZSX Listing Rules)

Record Date 5pm

For calculation of entitlements -

30 November 2018 Notice Date Entitlement letters, call notices, conversion notices mailed

OFFICE USE ONLY

Ex Date: Commence Quoting Rights: Cease Quoting Rights 5pm: Commence Quoting New Securities: Cease Quoting Old Security 5pm:

Application Date

Also, Call Payable, Dividend / Interest Payable, Exercise Date, 20 December 2018 Conversion Date. In the case of applications this must be the last business day of the week.

Allotment Date

For the issue of new securities. Must be within 5 business days of application closing date.

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