SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation anouncement - quarter ended 30 June 2013 - STXFIN

Distribution finalisation anouncement - quarter ended 30 June 2013 - STXFIN

SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 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 Fini securities recorded in
the register Friday, 28 June 2013 in respect of the quarter ended 30 June
2013 as follows:

An aggregate amount of 20.51000 cents (R0.20510) per Satrix Fini security
constituted as follows:

      Net Local dividend per security (1)          12.82093
      Dividend withholding tax on local             2.21057
      dividend (15%)
      Net Foreign dividend per security (2)         3.80507
      Dividend withholding tax on foreign           0.67148
      dividend (15%)
      Foreign dividend (0% SA tax) (3)              0.86469
      Interest                                      0.12257
      Other                                         0.01469
      TOTAL DISTRIBUTION                           20.51000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)          15.03150
      Gross STC credits                            -0.29434
                                                   14.73716
      Dividend withholding tax (15% on              2.21057
      taxable dividend)


      Gross dividend (cents per security)          15.03150
      Dividend withholding tax (15% on             -2.21057
      taxable dividend)
      Net dividend per security                    12.82093

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)           4.47655
      Dividend withholding tax (15% on             -0.67148
      taxable dividend)
      Net dividend per security                     3.80507
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                               1.17782
         Foreign Dividends withholding tax           -0.23556
         (20%)
         Gross dividend received by portfolio         0.94226
         Less portfolio costs                        -0.07757
         Distributable dividend                       0.86469


         SA Dividend withholding tax
         Gross dividend                               1.17782
         Less portfolio costs                        -0.07757
                                                      1.10025


         SA DWT                                       0.16504

         SA tax 0.16504 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 on Friday, 12 July 2013 to all holders of Satrix
Fini securities recorded in the register on Friday, 30 June 2013.

05 July 2013

Sponsor:
Vunani Corporate Finance

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