Guideline Change | Solactive Japanese Buyback Index (BUYJP) | Effective Date 24/01/2020

Today, on the 21^th January 2020, Solactive announces the following changes to the guideline of the following index (the ‘Affected Index’):

Background for guideline change

 Solactive has a new Late Dividend Treatment for Japanese Securities effective from January 1^st 2020. Detailed description is available on Solactive Website: https://www.solactive.com/announcement-solactive-post-ex-date-dividend-adjustment-methodology-for-divisor-indices/).

This new treatment will have several advantages for the Solactive Japanese Buyback Family Index (BUYJP) (including the other currency versions) as follows:

1. More precise treatment from an index calculation perspective,
2. Less prone to error,
3. The quarterly adjustment will be redundant after late dividend treatment is in place.

In order to reflect the new Solactive standard treatment, the current guideline is changed as it refers to a specific late dividend treatment. The overall treatment will not change due to the change in the guideline. However, the treatment will be implemented earlier as per new Solactive standard treatment. The final dividend adjustments will be every Friday (as the new standard defines it) while in the current index guideline the adjustment for the period between last and current selection day is implemented on the rebalance day.

Changes to the Index Guideline

The following changes are made to the guideline of the Affected Index.

1. Section 1.1 Short Name and ISIN:

The following currency versions are added to the index Guideline:

2. Section 2.2 Ordinary Adjustment

Rebalance Period is added to the following sentence for clarification purposes:

“On or after 30 September 2014, each Index rebalancing which starts on an Adjustment Day is spread over a ten-day period (Rebalance Period) in order to increase the potential liquidity profile of the Index.”

3. Section 3.4 Dividends and other Distributions

The current section (3.4 Dividends and other Distributions) is replaced with the following wording:

“In respect of dividend reinvestment of Index Components, the Solactive Post Ex-Date Dividend Adjustment Methodology applies for this Index with an effective date as of January 24, 2020. Consequently, all dividend payments that have been reinvested with their estimated dividend amounts and have no confirmed final dividend amounts before of January 24, 2020 will be treated as described will follow is available in the Equity Index Methodology, available on https://www.solactive.com/wp-content/uploads/2019/12/Equity-Index-Methodology.

Estimated dividends that have not been confirmed on or have gone ex after the Selection Day on the 29 November 2019 will be treated with the next upcoming Friday Implementation Day as stated in the Equity Index Methodology when they are/become confirmed.”

4. Section 4 Definitions

• The following sentence is added to the current definition of the Adjustment Day.

“If that day is not a Trading Day the Adjustment Day will be the immediately following Trading Day”.

• The definition of Rebalancing Period is added.

“Rebalance Period” is the period starting from (and including) the Adjustment Day until and (including) the immediately following 9 Trading Days (for clarification: the entire Rebalance Period is 10 Trading Days).

• The definition of Implementation Day is added.

An “Implementation Date” is a day on which the post ex-date dividend adjustments are implemented to the affected indices.

• The definition Trading Day is changed from

Old: “Index Component Trading Day” is in relation to an Index Component a trading day on the Exchange (or a day that would have been such a day if a market disruption had not occurred).

To

New: “Trading Day” is with respect to an Index Component included in the Index at the Rebalance Day and every Index Component included in the Index at the Calculation Day immediately following the Rebalance Day (for clarification: this provision is intended to capture the Trading Days for the securities to be included in the Index as new Index Components with close of trading on the relevant Exchange on the Rebalance Day) a day on which the relevant Exchange is open for trading (or a day that would have been such a day if a market disruption had not occurred), excluding days on which trading may be ceased prior to the scheduled Exchange closing time and days on which the Exchange is open for a scheduled shortened period. The Index Administrator is ultimately responsible as to whether a certain day is a Trading

5. Additionally, there were some minor wording changes for clarification in the section 1.3 and section 1.4 e.g. Boerse Stuttgart GmbH.