SIM* Resources Fund Disclaimer

Sanlam Collective Investments (RF) (Pty) Ltd (“SCI”) is a registered and approved Manager in Collective Investment Schemes in Securities and retains full legal responsibility for the co-brand portfolios. Collective investment schemes are generally medium- to long-term investments. Past performance is not necessarily a guide to future performance, and the value of investments/units/unit trusts may go down as well as up. A schedule of fees and charges and maximum commissions is available on request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. Maximum Fund charges include (incl. VAT): Initial advice fee, (max.) 3.45%. Annual advice fee, (max.) 1.15%. Annual manager fee, 1.72%. Total expense ratio (TER), 1.86%. For more information visit www.sanlaminvestments.com.

*SIM stands for Sanlam Investment Management.

**The full details and basis of the award are available from the Manager.