The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and Standard Chartered Bank) have resolved to make a quarterly distribution to holders of Ashburton Inflation ETF securities for the quarter ended 31 December 2019. The aggregate distribution will amount to 16.00345 cents per Ashburton Inflation ETF security. Record date is 24 January 2020 and payment date is 27 January 2020. Securities trade "ex" distribution is 22 January 2020.