SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and re-investment announcement for September 2015 and salient dates for October 2015 - STXRAF

Distribution and re-investment announcement for September 2015 and salient dates for October 2015 - STXRAF

Satrix Managers (RF) (Pty) Ltd
SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033

A portfolio in the Satrix Collective Investment Scheme (“Satrix”),
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR SEPTEMBER 2015 AND
SALIENT DATES FOR OCTOBER 2015

Investors are advised that the Manager and Trustee of Satrix (being
Satrix Managers (RF) Proprietary Limited and Standard Chartered Bank,
respectively) have declared a distribution to holders of Satrix RAFI 40
securities recorded in the register on Friday, 25 September 2015 in
respect of the month of September 2015 as follows:

An aggregate amount of 8.33 cents (R0.0833) per Satrix RAFI 40 security
constituted as follows:

     Net Local dividend per security (1)                                3.84882
     Dividend withholding tax on local dividend (15%)                   0.67920
     Net Foreign dividend per security (2)                              3.07661
     Dividend withholding tax on foreign dividend (15%)                 0.54293
     Net REIT Income (3)                                                0.15346
     Withholding tax on REIT (foreign holders only) (15%)               0.02708
     Interest (positive cash balances)(a)                               0.00190
     TOTAL DISTRIBUTION                                                 8.33000

 a   No withholding tax on interest is applicable as
     interest has solely been earned from a South African
     Bank.

 1   NET LOCAL DIVIDEND

     Gross dividend (cents per security)                                4.52802
     Dividend withholding tax (15% taxable dividend)               -    0.67920
     Net dividend per security                                          3.84882

2    NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                                3.61954
     Dividend withholding tax (15% on taxable dividend)            -    0.54293
     Net dividend per security                                          3.07661
3    Net REIT INCOME

     Gross REIT income                                                  0.18054
     Dividend withholding tax (15% applicable to foreign
     holders                                                       -    0.02708
     Net REIT income                                                    0.15346
The dividend tax deducted will be paid as follows:

1.   To the South African Revenue Service in respect of holders that are
     not exempt from dividends tax;

2.   Holders that are exempt from dividends tax or holders qualifying for
     a reduced rate per Double Tax Agreement (“DTA”) will receive the
     appropriate dividend from their intermediary provided they have
     completed and lodged the relevant exemption or reduced rate
     prescribed application form timeously with their service provider.
     The responsibility to make such submissions is that of the security
     holder and failure to do so may result in dividends tax being
     deducted in full.

The payment will be made by the relevant intermediary, being the Central
Securities Depository Participant (“CSDP”) or Broker nominee company
which is the final regulated intermediary in terms of the Income Tax Act.

Payment will be made in respect of holders recorded in the register on
Friday, 25 September 2015 and be effected on 16 October 2015.

In accordance with the investment policy of Satrix RAFI 40 the
distribution (excluding the dividends tax as detailed above) will be re-
invested on behalf of investors through the purchase of securities
comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation
methodology of the total return version of this Index, thereby increasing
the net asset value of Satrix RAFI 40 and, proportionately, each Satrix
RAFI 40 security.

The distribution (excluding the dividend tax as detailed above) will:

-    where Satrix RAFI 40 securities are held on capital account be added
     to the base cost of each Satrix RAFI 40 security for capital gains
     tax purposes; or
-    where Satrix RAFI 40 securities are held as trading stock be
     regarded as part of the cost of acquiring a Satrix RAFI 40 security.

SALIENT DATES FOR OCTOBER 2015:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of October 2015
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                Friday,   23 October   2015
Securities trade “ex” distribution:                  Monday,   26 October   2015
Record date:                                         Friday,   30 October   2015
Announcement of distribution amount                  Friday,   6 November   2015
for October 2015, together with
salient dates for November 2015 by:

Sandton
9 October 2015

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

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