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1 HEADLINE GOES ANZ HERE ETFS PHYSICAL ONE LINE GOLD OR TWO ETF ADDITIONAL (ASX DESCRIPTION CODE: ZGOL) AND THE DATE

2 THE EXCHANGE TRADED FUND THAT S AS GOOD AS GOLD 1

3 WHAT IS ANZ ETFS PHYSICAL GOLD ETF? AT A GLANCE Benchmark LBMA AM Gold Price Management Fee 0.40% Exposure Physical Gold Bullion ASX Code ZGOL The ANZ ETFS Physical Gold ETF (ASX Code: ZGOL) gives investors exposure to the spot price of gold through a beneficial interest in physical gold bullion without the need to hold, trade or store it. ZGOL is 100% backed by physical gold bullion that meets the standard set out by the London Bullion Market Association (LBMA) in terms of weight and purity, and is held by the ETF at ANZ s secure vault premises in Singapore. There is no credit risk in the product. Physical gold traditionally acted as a safe haven asset during times of economic uncertainty and market turbulence, and ZGOL is an efficient way for investors to diversify and complement their investment portfolio. It is traded by investors on the ASX just like a share and is settled and held in normal brokerage accounts. No units can be issued until the gold is delivered to the custodian. THE RIGHT GOLD EXPOSURE IMPROVES RISK ADJUSTED RETURN Gold generally benefits from investors who want portfolio insurance during periods of poor equity performance as it is uncorrelated to equities. Adding physical gold to a portfolio can potentially boost a portfolio s risk adjusted return. The chart to the left shows the improved risk adjusted return of a portfolio of Australian equities and bonds with an allocation to physical gold. Risk vs Return December December % Annualised Return 9.0% 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 40% Domestic Equity + 40% U.S. Equity + 20% Gold 50% Domestic Equity + 50% U.S. Equity 100% Domestic Equity 5.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% Annualised Risk * Based on performance between Dec 2005 to Dec 2015; Domestic Equity = S&P/ASX 100, US Equity = S&P Low Volatility High Dividend, Gold = London Gold AM Fix.

4 HOW TO INVEST IN GOLD DIRECT INDIRECT Gold ETFs Simple Secure Tradable No storage or logistics issues Efficient Physical gold bars Security considerations required Difficult to confirm quality of purchase Difficult to store or transport Difficult to redeem at right price Gold mining equities Equity risks Doesn t provide equity portfolio diversification Gold managed funds Low transparency Low daily liquidity Gold coins Premium to spot price High transaction costs High storage and logistics issues Gold derivatives Potential counterparty risk Future curve dynamics Margin call Difficult to trade

5 KEY BENEFITS Simplicity With ZGOL, investors can gain exposure to the spot price of gold without having to store or deliver the bullion. Portfolio insurance During periods of poor equity performance and economic turbulence, gold can benefit from its status as a safe haven asset. A store of value Gold is a proven store of value against depreciating currencies and investors often look to the commodity as an inflation hedge. Diversification tool Gold s low correlation with other asset classes helps investors diversify their portfolio. Security Each ETF share is backed by physical gold bullion and does not have counterparty credit risk, unlike gold linked derivatives. Quality The quality of the gold bullion meets the Good Delivery requirements set by the LBMA, including a purity of 99.5%. Liquidity Gold is generally easily liquidated and, in times of financial market stress, has historically provided a means of securing timely funding. Cost effective At 0.40% per annum, ZGOL is a cost effective way to access the gold market compared with buying and storing physical gold. Easy to access Like shares, the ETF is traded on the ASX throughout the day and settled in normal brokerage accounts. Transparent The ETF s gold holdings are audited by independent inspectors. On a daily basis, ZGOL provides a list that clearly identifies each bar held in the account. RISK FACTORS An investment in the Units involves a significant degree of risk. The following are just some of the risk factors which should be carefully considered by prospective investors before deciding whether to invest in the Units. Specific risks relating to the Fund are set out in the ZGOL product disclosure statement. Past performance is not an indication of future performance and the investment performance of the Units could be volatile. An investment in physical gold via the ETF will expose investors to risks inherent in holding the exposure via an ETF. These include, among others: Price Risk Bullion prices, and therefore the value of gold, may fluctuate widely in both US dollars and Australian dollars. This means that an investor is exposed to not just to changes in the price of bullion but also changes in the exchange rate between the US dollar and the Australian dollar. Bullion Risk Bullion markets may suffer from market disruption caused by shortages of physical gold bullion. Currency Risk Bullion prices are generally quoted in USD and gold is priced in AUD. The value will be affected by changes in exchange rates. Custody Risk Insurance for the vault premises of the Custodian and access may be limited and access restricted by natural or human events, such as flooding, such as terrorism, loss, theft or damage. Market Risk ETFs replicate the price movements of their underlying benchmark or asset so their performance is affected by the volatility of their underlying markets. Tax As with the majority of investments, ETFs will normally incur some form of taxation. Each investor should obtain independent tax advice. Costs All ETFs incur costs, whether internal costs (related to the product) or external costs (incurred in trading the product). Liquidity Risk Although the Units will be quoted on the ASX there is no guarantee that there will be a liquid market for the Units. Furthermore, in certain circumstances the ASX may suspend trading of the Units or delist a Fund. There are also certain circumstances where the Responsible Entity may limit, reject, scale, or delay redemptions. 4

6 TALK TO US TODAY ABOUT DIVERSIFYING YOUR PORTFOLIO To request more information about our products or research: Visit Call Address 5/242 Pitt Street, Sydney NSW 2000 DISCLAIMER This document is communicated by ANZ ETFS Management (AUS) Limited ( ANZ ETFS ) (Australian Financial Services Licence Number ). This document may not be reproduced, distributed or published by any recipient for any purpose. Under no circumstances is this document to be used or considered as an offer to sell, or a solicitation of an offer to buy, any securities, investments or other financial instruments and any investments should only be made on the basis of the relevant product disclosure statement which should be considered by any potential investor including any risks identified therein. This document does not take into account your personal needs and financial circumstances. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Although we use reasonable efforts to obtain reliable, comprehensive information, we make no representation and give no warranty that it is accurate or complete. Investments in any product issued by ANZ ETFS are not deposits with, or liabilities of, Australia and New Zealand Banking Group Limited ( ANZ ) or any member of the ANZ Group and are subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither ANZ, ANZ ETFS, ETF Securities Limited nor any other member of the ANZ Group or ETF Securities Group guarantees the performance of any products issued by ANZ ETFS or the repayment of capital or any particular rate of return therefrom. The value or return of an investment will fluctuate and investor may lose some or all of their investment. Past performance is not an indication of future performance.

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