Smart Australian Resources ETF — Net Asset Value 2016

Nov 30, 2016

Thursday, 1 December 2016

==> picture [174 x 29] intentionally omitted <==

ASR NTA & Allotment Notice

Smartshares Limited would like to report details of the Units on Issue for the Australian Resources Fund (ASR) as at 30 November 2016.

Units on Issue:	6,241,647
Units Allotted/(Redeemed):	-
Net Tangible Assets (NTA):	$3.40909
Tracking Difference:	0.58%

The objective of the Australian Resources (ASR) Smartshares fund is to provide a return that closely matches the return on the S&P/ASX 200 Resources Index, this index provides exposure to the Resources sector of the Australian equity market.

The following companies are currently held in the Fund:

Australian equity market.	Australian equity market.	Australian equity market.
The following companies are			currently held in the Fund:
	Code	Security descr	iption
	AWC	Alumina Ltd
	BHP	BHP Billiton Ltd
	BPT	Beach Ener	imited
		gy
	BSL	Bluescope Stee	l Ltd
	CTX	Caltex Australia	Ltd
	EVN	Evolution Minin	g Ltd
	FMG	Ft Mt	l G
		orescue e	s roup
	GXY	Gl R	Ltd
		aaxy esour	es
	IGO	Independence	Group NL
	ILU	Iluka Resource	s Ltd
	MIN	Mineral Resour	ces Ltd
	NCM	Newcrest Minin	g Ltd
	NST	Northern Star R	esources Ltd
	ORE	Orocobre Limite	d
	ORG	Origin Energy L	td
	OSH	Oil Search Ltd
	OZL	OZ Minerals Li	mited
	RIO	Rio Tinto Ltd
	RRL	Regis Resource	s Ltd
	RSG	Resolute Minin	g Ltd
	S32	South32 Limite	d
	SAR	Saracen Miner	l Holdins Limited
			g
	SBM	St Barbara Ltd
	SFR	Sandfire Resou	rces NL
	SGM	Sims Metal Ma	nagement Ltd
	STO	Santos Ltd
	SYR	Syrah Resourc	es Limited
	WHC	Whitehaven Co	al Ltd
	WOR	WorleyParsons	Ltd
	WPL	Woodside Petroleum Ltd
	WSA	Western Areas Ltd

About Smartshares

Smartshares is the pioneer of ETFs in New Zealand, launching the first ETF (TNZ - the NZ Top 10 Fund) in 1996. Smartshares is New Zealand’s only issuer of ETFs listed on the NZX Main Board, with in excess of 10,000 unit holders and more than NZD $1.6 billion of funds under management. The Special

www.smartshares.com

==> picture [174 x 29] intentionally omitted <==

Division of the New Zealand Markets Disciplinary Tribunal regulates Smartshares in a similar way to NZX Regulation’s regulation of other listed issuers. Smartshares funds are listed on NZX so you can buy or sell them just like individual shares. The listed funds are designed to “track” (or, in some cases, outperform) an index. Each Smartshares ETF is designed to provide investors with similar returns to a direct investment in all the securities that make up the ETF. To learn more and obtain a copy of the investment statement for each of the ETFs please visit: www.smartshares.co.nz

For further information please contact: Smartshares Limited 0800 80 87 80

www.smartshares.com