SIS INFLATION MATCHING FUND OF FUNDS - …

1 THIS IS THE MINIMUM DISCLOSURE DOCUMENT AS REQUIRED BY BOARD NOTICE 92 FUNDS are available via an Old Mutual Wealth Adviser. Email INFORMATIONRISK PROFILELowLow to ModerateModerateModerate to HighHighRECOMMENDED MINIMUM INVESTMENT TERM1 year+3 years+5 years+INVESTMENT OBJECTIVEThis strategy gives you the opportunity to grow your capital and income in line with INFLATION . It invests in low-risk, diversified portfolios of high-quality instruments that may include South African and international cash, fixed interest securities, listed property and listed shares. It aims to achieve a return equal to INFLATION over rolling 12-month 28 COMPLIANCEThe fund is not required to be Regulation 28 compliant in terms of its Deed, but the fund manager is mandated to comply with Regulation 28 on a day-to-day :CPIASISA CATEGORY:Worldwide Multi-Asset FlexibleASSET MANAGER PROFILE:Acsis (Pty) Ltd researches the market and appoints the most appropriate asset managers to manage the fund s underlying portfolios.

2 After appointing asset managers, Acsis (Pty) Ltd continually monitors the fund , the underlying portfolios and the appointed managers and their investment processes to ensure that they remain appropriate. Acsis (Pty) Ltd has selected a combination of asset managers to manage this fund s various underlying DATE:01/11/2005 SIZE OF : (Half-yearly)For the last 12 months: c per unit30/06/2020 c per unit31/12/2019 c per unitMANAGER SELECTIONASSET CLASSMANAGER SPLITSA equitySA fixed incomeSA cashSA propertyFUND PERFORMANCE AS AT 30/09/2020% PERFORMANCE (ANNUALISED)1 year2 years3 years5 years7 years10 yearsSince CPI figures are lagged by one month as they are calculated before this month s INFLATION rate was released.

3 The figures are calculated using CPIX until December 2007 and CPI from January 2008. All returns are calculated in ZAR after all strategy and underlying portfolio fees ( not taking any financial planner or investment vehicle administration fees into account). fund (Since Inception)HighestAverageLowestRolling 12-month 36-month 60-month against fund objective (since inception)FundBenchmark-20%0%20%40%60%80 %100%120%140%160%200%180%Oct 05 Jun 09 Feb 13 Oct 16 Jun 20 Source: Morningstar 31/08/2020 SIS INFLATION MATCHING fund OF FUNDSSEPTEMBER 2020 STRATEGIC INVESTMENT SERVICEM anagement CompanyFunds are available via an Old Mutual Wealth Adviser. Email aim to treat our clients fairly by giving you the information you need in as simple a way as possible, to enable you to make informed decisions about your investments.

4 We believe in the value of sound advice and so recommend that you consult a financial planner before buying or selling unit trusts. You may, however, buy and sell without the help of a financial planner. If you do use a planner, we remind you that they are entitled to certain negotiable planner fees or commissions. You should ideally see unit trusts as a medium- to long-term investment. The fluctuations of particular investment strategies affect how a fund performs. Your fund value may go up or down. Therefore, we cannot guarantee the investment capital or return of your investment. How a fund has performed in the past does not necessarily indicate how it will perform in the future. The fund fees and costs that we charge for managing your investment are disclosed in this Minimum Disclosure Document (MDD) and in the table of fees and charges, both of which are available from our contact centre Additional information of the proposed investment, including brochures, application forms and annual or quarterly reports, can be obtained, free of charge, from our contact centre.

5 The fees and costs that we charge for managing your investment are disclosed in the relevant fund s Minimum Disclosure Document (MDD). fund valuations take place at approximately 15:00 each business day and at month end at 17:00. Purchase and redemption requests must be received by Strategic Investment Service Management Company (RF) (PTY) Ltd by 15:00 each business day to receive that day s price. Unit trusts are traded at ruling prices, may borrow to fund client disinvestments and may engage in scrip lending. The daily price is based on the current market value of the fund s assets plus income minus expenses (NAV of the portfolio) divided by the number of units on issue. Prices are available from Strategic Investment Service Management Company (RF) (PTY) Ltd.

6 A fund of fund is a portfolio that invests in other FUNDS which levy their own charges, which could result in a higher fee structure for the fund of FUNDS . The Net Asset Value to Net Asset Value figures are used for the performance calculations. The performance quoted is for a lump sum investment. The performance calculation includes income distributions prior to the deduction of taxes and distributions are reinvested on the ex-dividend date. Performances may differ as a result of actual initial fees, the actual investment date, the date of reinvestment and dividend withholding returns are the weighted average compound growth rates over the performance period measured. Performances are in ZAR and as at 30 September 2020. Sources: Morningstar and Old Mutual Investment Service Management Company (RF) (PTY) Ltd (SIS) registration number 1997/022003/07 is a registered manager in terms of the Collective Investment Schemes Control Act 45 of 2002.

7 SIS has the right to close the portfolio to new investors in order to manage it more efficiently in accordance with its is a member of the Old Mutual group of companies. Old Mutual is a member of the Association for Savings and Investment South Africa (ASISA). ACSIS (Pty) Ltd is an authorised Financial Services Provider (FSP No. 588)Trustee: Standard Bank, PO Box 54, Cape Town 8000. Tel: +27 21 401 2002, Fax: +27 21 401 3887. Issued: October 2020 Total Expenses (Incl. Annual Service Fee) (30/06/2020)Class A 36 MonthsClass A 12 MonthsTotal Expense Ratio (TER) Incl. Cost (TC) Investment is a historic measure of the impact the deduction of management and operating costs has on a fund s value. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return.

8 The current TER, which includes the annual service fee, may not necessarily be an accurate indication of future TERs. Transaction Cost (TC) is a necessary cost in administering the fund and impacts fund returns. It should not be considered in isolation as returns may be impacted by many other factors over time including market returns, the type of fund , the investment decisions of the investment manager and the Total Investment Charge includes: The fund of FUNDS service fee. Underlying Collective Investment Scheme (CIS) annual service fees of (excluding VAT)*. Where underlying FUNDS charge implicit performance fees, unit holders may carry these performance fees regardless of whether the top tier fund or mandate has outperformed its own performance fee benchmark.

9 Other charges audit, custodian and trustee charges incurred by the fund of FUNDS and underlying CIS are deducted from the respective portfolios.* The underlying CIS service fee is a weighted fee including all fees charged by Old Mutual which may be used to pay internal and external fund managers. This fee does not include manager fees charged directly in certain underlying FUNDS , net priced AAnnual service fee (excl. VAT) charges incurred by the fund , and deducted from its portfolio, are included in the Total Expense Ratio (TER). SIS INFLATION MATCHING fund OF FUNDSSEPTEMBER 2020 STRATEGIC INVESTMENT SERVICEM anagement CompanyActual fund returns within the expected range of INFLATION MATCHING strategy returns*Year/s to 30 September 2020-5%0%5%10%15%20%12351015202530* This is based on historical data using the strategic allocations per asset class for this investment strategy and the historical returns of each asset class.

10 The bars show the range of returns (highest and lowest returns) experienced over each rolling investment term over this period. In other words, the longer the investment period, the smaller the difference between the highest and the lowest return, indicating reduced volatility. The strategic asset allocations of the investment strategies used in this analysis may not be the same as the actual asset allocations of the fund . The investment performance is calculated by taking the actual initial fees and all ongoing fees into account and income is re-invested on the reinvestment CLASS EXPOSURESSA equitySA propertySA cashSA actual asset allocation may differ from the strategic asset allocation due to tactical tilts that are taken over the shorter term.