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 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")

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 40
securities recorded in the register on Friday, 27 June 2014 in respect of
the quarter ended 30 June 2014 as follows:

An aggregate amount of 27.94000 cents (R0.27940) per Satrix 40 security
constituted as follows:

     Net Local dividend per security (1)                   18.58958
     Dividend withholding   tax on local                    3.18717
     dividend (15%)
     Net Foreign dividend   per security (2)                3.57899
     Dividend withholding   tax on foreign                  0.63159
     dividend (15%)
     Foreign Dividend (0%   SA Tax) (3)                     0.60633
     REIT Dividend (4)                                      1.13119
     Other                                                  0.21515
     TOTAL DISTRIBUTION                                    27.94000

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)                   21.77675
     Gross STC credits                                     -0.52898
                                                           21.24777


     Dividend withholding tax (15% on                      -3.18717
     taxable dividend)

     Gross dividend (cents per security)                   21.77675
     Dividend withholding tax (15% on                      -3.18717
     taxable dividend)
     Net dividend per security                             18.58958

 2   NET FOREIGN DIVIDEND (Foreign-dual
     listed shares)
     Gross dividend (cents per security)                    4.21058
     Dividend withholding tax (15% on                      -0.63159
     taxable dividend)
     Net dividend per security                              3.57899
 3       NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross Dividend                                 0.95531
         Foreign Dividends withholding tax (20%)       -0.19106
         Gross Dividend received by portfolio           0.76425
         Less portfolio costs                          -0.15792
         Distributable dividend                         0.60633



         SA Dividend withholding tax
         Gross dividend                                 0.95531
         Less portfolio costs                          -0.15792
                                                        0.79739
         SA DWT                                         0.11961


         SA tax 0.11961 cents (15%) will not be deducted as
         foreign dividend withholding tax has already been
         deducted (SECTION 64N).

     4    REIT DIVIDEND


          Gross REIT Dividend                           1.13119
          Dividend Withholding tax                     -0.16968
          (15% - applicable to foreign holders)
          Net REIT Dividend                             0.96151

          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
40 securities recorded in the register on Friday, 27 June 2014.

11 July 2014

Sponsor:
Vunani Corporate Finance

Date: 11/07/2014 10:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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