Smart NZ Dividend ETF — Capital/Financing Update 2018

Nov 15, 2018

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.

EMAIL: announce@nzx.com

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.

Full name of Issuer	Full name of Issuer	NZ Dividend Fund	NZ Dividend Fund	NZ Dividend Fund	NZ Dividend Fund	NZ Dividend Fund
Name of office make this noti		r autho ce	rised to							Authority for e.g. Director			event, s' resolution
							Stephen Upton								Trust Deed
Contact phone number			0800 80 87 80											e		16 11			2018
Nature of event Tick as appropriate				Bonus Issue Rights Issue non-renouncable			If ticked, state whether: Capital Ca change	Taxable ll Dividend √		/ Non Taxable Con If ticked, state F whether: Interim√ Y			version ull ear	Rights Issue Interest Renouncable 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 eve			nt, use a separ ISIN	ate form			.
				NZ Dividend Fund													NZDIVE0001S8
																	If unknown, contact NZX
Details of securiti			es iss	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 be issued following ev			to ent
										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					Treatment of Fractions Tick if provide an paripassu OR explanation of the ranking
						date Enter N/A if not applicable
								TBA
M	onies Associated with			Event In dollars	and	Dividen cents		d payable, Call payable, Exercise price, Conversion price, Redemption price, Application money. Source of Payment Supplementary Amount per security dividend in dollars and cents details - Accrued Income $0.00439206
												Accrued Income
	Amount per security (does not include any e			xcluded income
					) $0.02488834
	Excluded income per security (only applicable to listed PIEs) Currency
					$0.00000000
					NZD													$0.00439206
	Total monies				$616,788						NZSX Listing Rule 7.12.7 Date Payable							20 December 2018
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) $
							$				$							$0.00967880
									Foreign Withholding Tax		FDP Credits (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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Security Code:

Security Code: