Smart NZ Bond ETF — Capital/Financing Update 2019

Feb 13, 2019

APPENDIX 7 – NZSX Listing Rules

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

EMAIL: announce@nzx.com

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

Full name of Issuer	NZ Bond Fund	NZ Bond Fund	NZ Bond 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					14 02 2019
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 securiti Description of the class of securities		es aff	ected by this	If more than o	ne security is affected by the event, use a separate form ISIN			.
			NZ Bond Fund					NZNZBE0001S3
								If unknown, contact NZX

Details of securities iss	ued pursuant to	ued pursuant to	this event	If more than one class of security i	s to be issued, ISIN	use a s	eparate form for each class.
Description of the class of securities Number of Securities to be issued following event
				Minimum Entitlement			If unknown, contact NZX Ratio, e.g 1 for 2 for
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for Strike Price available.	any issue in lieu	or
			date Enter N/A if not applicable
				TBA

M	onies Associated with Event In dollars	Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment ) Supplementary Amount per security dividend in dollars and cents details - and cents Accrued Income $0.02083373 $0.00000000 NZD $0.00367654	Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment ) Supplementary Amount per security dividend in dollars and cents details - and cents Accrued Income $0.02083373 $0.00000000 NZD $0.00367654	Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment ) Supplementary Amount per security dividend in dollars and cents details - and cents Accrued Income $0.02083373 $0.00000000 NZD $0.00367654	Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment ) Supplementary Amount per security dividend in dollars and cents details - and cents Accrued Income $0.02083373 $0.00000000 NZD $0.00367654	Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment ) Supplementary Amount per security dividend in dollars and cents details - and cents Accrued Income $0.02083373 $0.00000000 NZD $0.00367654	Dividend payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment ) Supplementary Amount per security dividend in dollars and cents details - and cents Accrued Income $0.02083373 $0.00000000 NZD $0.00367654
						Accrued Income
	Amount per security (does not include any excluded income
		) $0.02083373
	Excluded income per security (only applicable to listed PIEs) Currency
		$0.00000000
		NZD					$0.00367654
	Total monies	$1,902,466			NZSX Listing Rule 7.12.7 Date Payable		20 March 2019
T In is	axation the case of a taxable bonus sue state strike price		$		Amountper Security in Dollars and cents to six d		ecimalplaces
				Resident Withholding Tax	Imputation Credits (Give details) $
					$		$0.00810201
				Foreign Withholding Tax	FDP Credits (Give details) $
					$

Timing (Refer Appendix 8 in the NZSX Listing Rules)

Record Date 5pm

For calculation of entitlements -

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:

28 February 2019

Application Date

Also, Call Payable, Dividend / Interest Payable, Exercise Date, 20 March 2019 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.

==> picture [180 x 40] intentionally omitted <==

Security Code:

Security Code: