Smartshares Limited

This product ruling relates to the resettlement of the NZX 50 Portfolio Index Fund (the Existing Fund) onto the NZ Top 50 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.