SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation announcement - quarter ended 30 September 2013

Distribution finalisation announcement - quarter ended 30 September 2013

SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")

A portfolio in the Satrix Collective Investment Scheme, registered as such
in terms of the Collective Investment Schemes Control Act, 45 of 2002

DISTRIBUTION FINALISATION ANNOUNCEMENT – QUARTER ENDED 30 SEPTEMBER 2013

The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (Pty) Limited and ABSA Bank Limited), respectively, have
declared a distribution to holders of Satrix Indi securities recorded in
the register on Friday, 27 September 2013 in respect of the quarter ended
30 September 2013 as follows:

An aggregate amount of 50.16000 cents (R0.50160) per Satrix Indi security
constituted as follows:


      Net Local dividend per security (1)          23.90141
      Dividend withholding tax on local             4.21775
      dividend (15%)
      Net Foreign dividend per security (2)        14.50657
      Dividend withholding tax on foreign           2.55998
      dividend (15%)
      Foreign dividend (0% SA tax) (3)              4.57024
      Interest                                      0.11754
      Other                                         0.28651
      TOTAL DISTRIBUTION                           50.16000


  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)          28.11916
      Gross STC credits                            -0.00080
                                                   28.11836
      Dividend withholding tax (15% on              4.21775
      taxable dividend)


      Gross dividend (cents per security)          28.11916
      Dividend withholding tax (15% on             -4.21775
      taxable dividend)
      Net dividend per security                    23.90141

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)          17.06655
      Dividend withholding tax (15% on             -2.55998
      taxable dividend)
      Net dividend per security                    14.50657
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                8.17940
         Foreign Dividends withholding tax            -2.86279
         (35%)
         Gross dividend received by portfolio          5.31661
         Less portfolio costs                         -0.74637
         Distributable dividend                        4.57024


         SA Dividend withholding tax
         Gross dividend                                8.17940
         Less portfolio costs                         -0.74637
                                                       7.43303


         SA DWT                                        1.11495
         SA tax 1.11495 cents (15%) will not be deducted as
         foreign dividend withholding tax has already been
         deducted (SECTION 64N).




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 effected Wednesday, 16 October 2013 to all holders of
Satrix Indi securities recorded in the register on Friday, 27 September
2013.

09 October 2013

Sponsor:
Vunani Corporate Finance

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