SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation announcement - quarter ended 30 June 2014 - updated for REIT calculation

Distribution finalisation announcement - quarter ended 30 June 2014 - updated for REIT calculation

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   2014   -
AMENDED

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 Fini
securities recorded in the register Friday, 27 June 2014 in respect of the
quarter ended 30 June 2014 as follows:

An aggregate amount of 27.77000 cents (R0.27770) per Satrix Fini security
constituted as follows:

     Net Local dividend per security (1)                   15.46881
     Dividend withholding   tax on local                    2.72903
     dividend (15%)
     Net Foreign dividend   per security (2)                5.35080
     Dividend withholding   tax on foreign                  0.94426
     dividend (15%)
     Foreign Dividend (0%   SA Tax) (3)                     1.16972
     REIT Dividend                                          1.99947
     Other                                                  0.10791
     TOTAL DISTRIBUTION                                    27.77000

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)                   18.19784
     Gross STC credits                                     -0.00428
                                                           18.19356


     Dividend withholding tax (15% on                      -2.72903
     taxable dividend)

     Gross dividend (cents per security)                   18.19784
     Dividend withholding tax (15% on                      -2.72903
     taxable dividend)
     Net dividend per security                             15.46881

 2   NET FOREIGN DIVIDEND (Foreign-dual
     listed shares)
     Gross dividend (cents per security)                    6.29506
     Dividend withholding tax (15% on                      -0.94426
     taxable dividend)
     Net dividend per security                              5.35080
 3       NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross Dividend                                 1.81769
         Foreign Dividends withholding tax (20%)       -0.36354
         Gross Dividend received by portfolio           1.45415
         Less portfolio costs                          -0.28443
         Distributable dividend                         1.16972


         SA Dividend withholding tax
         Gross dividend                                 1.81769
         Less portfolio costs                          -0.28443
                                                        1.53326
         SA DWT                                         0.22999


         SA tax 0.22999 cents (15%) will not be deducted as
         foreign dividend withholding tax has already been
         deducted (SECTION 64N).

     4    REIT DIVIDEND


          Gross REIT Dividend                           1.99947
          Dividend Withholding tax                     -0.29992
          (15% - applicable to foreign holders)
          Net REIT Dividend                             1.69955

          No dividend tax is applicable for SA resident
          securities holders on the REIT dividend. Dividend tax
          of 15 % is applicable for non-resident shareholders on
          the REIT dividend.

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, 18 July 2014 to all holders of Satrix
Fini securities recorded in the register on Friday, 27 June 2014.

11 July 2014

Sponsor:
Vunani Corporate Finance

Date: 11/07/2014 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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