Smart Europe ETF — Net Asset Value 2017

Feb 22, 2017

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Thursday, 23 February 2017

EUF NTA & Allotment Notice

Smartshares Limited would like to report details of the Units on Issue for the Europe Fund (EUF) as at 22 February 2017

Units on Issue: 105,233,400 Units Allotted/(Redeemed): - Net Tangible Assets (NTA): $1.40063 Tracking Difference 0.36%

The objective of the Europe Fund (EUF) is to invest in Vanguard's FTSE Europe ETF (VGK), which aims to track the FTSE Developed Europe Index. The FTSE Developed Europe Index comprises Large and Mid Cap stocks providing coverage of developed markets in Europe.

Code Security description VGK FTSE Developed Europe Index

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 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 Product Disclosure Statement, please visit: www.smartshares.co.nz

For further information please contact: Smartshares Limited 0800 80 87 80 smartshares@smartshares.co.nz

www.smartshares.com