SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation announcement - quarter ended 30 June 2013 - STX40

Distribution finalisation announcement - quarter ended 30 June 2013 - STX40

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 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 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 21.28000           cents   (R0.21280)     per   Satrix   40
security constituted as follows:

      Net Local dividend per security (1)             15.06153
      Dividend withholding tax on local                2.51311
      dividend (15%)
      Net Foreign dividend per security (2)            2.51852
      Dividend withholding tax on foreign              0.44444
      dividend (15%)
      Foreign dividend (0% SA tax) (3)                 0.44398
      Interest                                         0.12822
      Other                                            0.17020
      TOTAL DISTRIBUTION                              21.28000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)             17.57464
      Gross STC credits                               -0.82059
                                                      16.75405
      Dividend withholding tax (15% on                 2.51311
      taxable dividend)


      Gross dividend (cents per security)             17.57464
      Dividend withholding tax (15% on                -2.51311
      taxable dividend)
      Net dividend per security                       15.06153

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)              2.96296
      Dividend withholding tax (15% on                -0.44444
      taxable dividend)
      Net dividend per security                        2.51852
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                0.72354
         Foreign Dividends withholding tax            -0.14471
         (20%)
         Gross dividend received by portfolio          0.57883
         Less portfolio costs                         -0.13485
         Distributable dividend                        0.44398


         SA Dividend withholding tax
         Gross dividend                                0.72354
         Less portfolio costs                         -0.13485
                                                       0.58869


         SA DWT                                        0.08830

         SA tax 0.08830 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 40 securities recorded in the register on Friday, 28 June
2013.

05 July 2013

Sponsor:
Vunani Corporate Finance

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