SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation announcement - quarter ended 30 June 2013 - STXSWX

Distribution finalisation announcement - quarter ended 30 June 2013 - STXSWX

SATRIX SWIX TOP 40 PORTFOLIO
JSE code: STXSWX
ISIN code: ZAE000078580
("Satrix Swix Top 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 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 Swix Top 40 securities
recorded in the register on Friday, 28 June 2013 in respect of the quarter
ended 30 June 2013 as follows:

An aggregate amount of 6.32000 cents (R0.06320) per Satrix Swix Top 40
security constituted as follows:

      Net Local dividend per security (1)           4.84214
      Dividend withholding tax on local             0.80875
      dividend (15%)
      Net Foreign dividend per security (2)         0.44298
      Dividend withholding tax on foreign           0.07817
      dividend (15%)
      Foreign dividend (0% SA tax) (3)              0.07718
      Interest                                      0.04686
      Other                                         0.02392
      TOTAL DISTRIBUTION                            6.32000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)           5.65089
      Gross STC credits                            -0.25923
                                                    5.39166
      Dividend withholding tax (15% on              0.80875
      taxable dividend)


      Gross dividend (cents per security)           5.65089
      Dividend withholding tax (15% on             -0.80875
      taxable dividend)
      Net dividend per security                     4.84214

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)           0.52115
      Dividend withholding tax (15% on             -0.07817
      taxable dividend)
      Net dividend per security                     0.44298
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                0.11557
         Foreign Dividends withholding tax            -0.02311
         (20%)
         Gross dividend received by portfolio          0.09246
         Less portfolio costs                         -0.01528
         Distributable dividend                        0.07718


         SA Dividend withholding tax
         Gross dividend                                0.11557
         Less portfolio costs                         -0.01528
                                                       0.10029


         SA DWT                                        0.01504

         SA tax 0.01504 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
Swix Top 40 securities recorded in the register on Friday, 28 June 2013.

05 July 2013

Sponsor:
Vunani Corporate Finance

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