Smart Europe ETF — Net Asset Value 2020

May 21, 2020

Level 7, Zurich House, 21 Queen Street, PO Box 105262, Auckland, New Zealand smartshares@smartshares.co.nz

Friday, 22 May 2020

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NTA & Allotment Notice

Smartshares Ltd would like to report the Net Tangible Assets (NTA) and Units on Issue for each of the Smartshares exchange traded funds as at 21 May 2020.

NZX CodeFund NameNTAUAPASmartshares Asia Pacific ETF1.98339ASDSmartshares Australian Dividend ETF1.40435ASFSmartshares Australian Financials ETF5.05188ASPSmartshares Australian Property ETF1.21631ASRSmartshares Australian Resources ETF4.71986DIVSmartshares NZ Dividend ETF1.06678EMFSmartshares Emerging Markets ETF1.21691EUFSmartshares Europe ETF1.52865FNZSmartshares NZ Top 50 ETF2.75278GBFSmartshares Global Bond ETF3.28091MDZSmartshares NZ Mid Cap ETF5.12553MZYSmartshares Australian Mid Cap ETF6.50702NPFSmartshares NZ Property ETF1.26905NZBSmartshares NZ Bond ETF3.16244NZCSmartshares NZ Cash ETF2.96841OZYSmartshares Australian Top 20 ETF3.32063TNZSmartshares NZ Top 10 ETF1.94413TWFSmartshares Total World ETF2.31783USFSmartshares US 500 ETF8.89053USGSmartshares US Large Growth ETF6.05673USMSmartshares US Mid Cap ETF5.02230USSSmartshares US Small Cap ETF4.41751USVSmartshares US Large Value ETF3.20883AGGSmartshares Global Aggregate Bond ETF1.35601BOTSmartshares Automation and Robotics ETF3.25998EMGSmartshares Emerging Markets Equities ESG ETF1.98586ESGSmartshares Global Equities ESG ETF2.09703EUGSmartshares Europe Equities ESG ETF2.19625JPNSmartshares Japan Equities ESG ETF1.93073LIVSmartshares Healthcare Innovation ETF2.95341USASmartshares US Equities ESG ETF2.25113About Smartsharesp gSmartshares exchange traded funds as at 21 May 2020.Smartshares is the pioneer of ETFs in New Zealand, launching the first ETF (TNZ - the NZ Top 10’

nits on IssueChange in Units49,459,643-10,679,541-3,065,468-36,047,531-4,357,633-66,157,211250,00084,390,695-93,312,263-232,851,179400,00062,054,61830,00028,040,674-19,907,274-78,636,748-106,266,618-83,668,712-39,381,26775,00067,881,573-25,283,194-28,060,461(20,000)9,019,67415,33714,104,916-14,129,573-21,208,934-27,097,29441,1423,789,532-10,593,184-3,454,147-10,673,695-8,564,209-2,785,47720,38712,059,182- Fund) in 1996. Smartshares

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 18,000 unit holders and more than NZD $3.2 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