DIV NTA 10-11-2016 $1.06149

Friday, 11 November 2016 DIV NTA & Allotment Notice Smartshares Limited would like to report details of the Units on Issue for the New Zealand Dividend Fund (DIV) as at 10 November 2016. Units on Issue: 28,837,302 Units Allotted/(Redeemed): - Net Tangible Assets (NTA): $1.06149 Tracking Difference: 2.29% The objective of the New Zealand Dividend (DIV) Smartshares fund is to provide a return that closely matches the return on the S&P/NZX 50 High Dividend Index. S&P/NZX 50 High Dividend Index comprises the top 25 stocks with the highest dividend yields and liquidity from the NZX 50 index. The following companies are currently held in the Fund: Code Security description AIR Air New Zealand Ltd ANZ Aust & NZ Banking Group(NZ list) ARG Argosy Property Ltd CEN Contact Energy Ltd EBO EBOS Group Ltd FBU Fletcher Building Ltd FRE Freightways Ltd FSF Fonterra Shareholders Fund Units GMT Goodman Property Trust GNE Genesis Energy Limited HBL Heartland Bank Limited IFT Infratil Ltd KPG Kiwi Property Group Limited MCY Mercury NZ Limited MEL Meridian Energy Ltd MPG Metro Performance Glass Ltd NZR New Zealand Refining Co Ltd PCT Precinct Properties New Zealand Limited SKC SkyCity Entertainment Group SKT Sky Network Television Limited SPK Spark New Zealand Ltd TME Trade Me Ltd WBC Westpac Banking Corp. ZEL Z Energy Limited 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 10,000 unit holders and more than NZD $1.6 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 investment statement for each of the ETFs please visit: www.smartshares.co.nz For further information please contact: Smartshares Limited 0800 80 87 80 smartshares@smartshares.co.nz End CA:00292506 For:DIV Type:NTA Time:2016-11-11 09:00:14