STANLIB COLLECTIVE INVESTMENTS LIMITED - Distribution Announcement - STPROP

Distribution Announcement - STPROP

STANLIB SA PROPERTY ETF
(being a portfolio under the STANLIB ETF Collective Investment
Scheme registered in the Republic of South Africa in terms of
Collective Investment Schemes Control Act, 45 of 2002
(“CISCA”))
Share Code: STPROP
ISIN: ZAE000175576
Abbreviated Name: STANPROP
(“STANPROP”)

DISTRIBUTION ANNOUNCEMENT

Holders of STANPROP securities (“Securities Holders”) are
referred to the announcement dated Thursday, 19 November 2015
setting out details of a possible quarterly distribution by the
ETF to Securities Holders.

Further to the above-mentioned announcement, the manager of the
STANLIB ETF Collective Investment Scheme (“the Manager”) has
resolved to make a quarterly distribution to Securities Holders
for the quarter ended 31 December 2015 (“the Distribution”) in
an amount of 80.78000 cents per STANPROP ETF security. The
distribution will be constituted as follows:

Gross Dividend (foreign-dual) to be taxed       :   4.52000 cents
SA tax applicable   (15 %)                      :   0.67800 cents
Net Dividend                                    :   3.84200 cents
Gross REIT Distribution                         :   75.30000 cents
(No Dividend Withholding Tax deducted for SA
resident securities holders)

Non-residents:
Local Dividends Withholding Tax (15%)           : 11.29500 cents
Net dividend                                    : 64.00500 cents
Interest Payment (paid on cash held in bank
account, no WTI applicable)                     : 0.96000 cents

The Security Holders (Residents) who are not exempt from dividend
tax will receive the Net Dividend of 3.84200 cents per security as
well as REIT Distribution of 75.30 cents.

Income Tax number: 9046217239

The Distribution will be made to all Securities Holders recorded
in the register on Thursday, 31 December 2015 and will be paid
on Friday, 15 January 2016.
Johannesburg
28 December 2015

Sponsor
The Standard Bank of South Africa

Date: 28/12/2015 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.