STANLIB COLLECTIVE INVESTMENTS LIMITED - Distribution Announcement - STAN40

Distribution Announcement - STAN40

STANLIB TOP 40 FUND
(being a portfolio under the STANLIB ETF CIS registered in the
Republic of South Africa in terms of the Collective Investment
Schemes Control Act “CISCA”)
Share Code: STAN40
ISIN: ZAE000182432
Abbreviated Name: STANLIB40
(“STAN40”)

DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 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 25.77000 cents per STANLIB40 ETF security. 

The distribution will be constituted as follows:

Gross Dividend (local to be taxed)    :   15.96000 cents
Local Tax (15%)                       :   2.39400 cents
Net dividend                          :   13.56600 cents
Gross Dividend (foreign-dual) to be
taxed                                 :   3.13000 cents
SA tax applicable (15%)               :   0.469500 cents
Net Dividend                          :   2.66050 cents

Gross Dividend (foreign-dual) already
taxed                                 :   8.17000 cents
Foreign Tax Withheld (34.0269%)       :   2.78000 cents
Net Dividend                          :   5.39000 cents

Gross REIT Distribution               :   1.03000 cents
(No Dividend Withholding Tax deducted
for SA resident securities holders)

Non-residents:
Local Dividends Withholding Tax (15%):    0.15450 cents
Net dividend                         :    0.87550 cents

Interest (paid on cash held in bank
account, no WTI applicable)           :   0.26000 cents

The Security Holders (Residents) who are not exempt from dividend 
tax will receive the Net Dividend of 21.61650 cents per security 
as well as REIT Distribution of 1.03 cents. Income Tax number: 9528816169

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 Limited

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