SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 30 June 2016 - STXRES

Distribution Finalisation Announcement – Quarter Ended 30 June 2016 - STXRES

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX RESI PORTFOLIO
JSE Code: STXRES
ISIN: ZAE000078622
("Satrix Resi")

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 JUNE 2016

The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank),
respectively, have declared a distribution to holders of Satrix Resi
securities recorded in the register on Friday, 24 June 2016 in respect of
the quarter ended 30 June 2016 as follows:

An aggregate amount of 13.95 cents (R0.1395) per Satrix Resi security
constituted as follows:

     Net Local dividend per security (1)                              7.34710
     Dividend withholding tax on local dividend (15%)                 1.29655
     Net Foreign dividend per security (2)                            4.35568
     Dividend withholding tax on foreign dividend (15%)               0.76865
     Interest (positive cash balances) (a)                            0.18202
     TOTAL DISTRIBUTION                                              13.95000


 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)                             8.64365
     Dividend withholding tax (15% on taxable dividend             - 1.29655
     Net dividend per security                                       7.34710

 2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                             5.12433
     Dividend withholding tax (15% on taxable dividend)            - 0.76865
     Net dividend per security                                       4.35568



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 on 22 July 2016 to all holders of Satrix Resi
securities recorded in the register on Friday, 24 June 2016.

The reason for a 2 week waiting period, from the date of this announcement
for payments to be processed, is to accommodate market participants in the
switch over from a T+5 to a T+3 settlement cycle.

8 July 2016

Sponsor:
Vunani Corporate Finance

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