Smartshares Limited

This product ruling relates to the resettlement of the NZX 10 Fund (the Existing Fund) onto the NZ Top 10 Fund (the New Fund) by redeeming units held by unitholders (Unitholders) in the Existing Fund, applying the redemption proceeds to acquire units in the New Fund on behalf of Unitholders, and transferring the assets of the Existing Fund to the New Fund.