SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation announcement - quarter ended 31 December 2012

Distribution finalisation announcement - quarter ended 31 December 2012

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 31 DECEMBER
2012

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 December 2012 in
respect of the quarter ended 31 December 2012 as follows:

An aggregate amount of 11.52 cents (R0.1152) per Satrix 40 security
constituted as follows:

      Net Local dividend per security (1)          7.78009
      Dividend withholding tax on local            1.13272
      dividend (15%)
      Net Foreign dividend per security (2)        1.85664
      Dividend withholding tax on foreign          0.32764
      dividend (15%)
      Foreign dividend (0% SA tax) (3)             0.19709
      Interest                                     0.06535
      Other                                        0.16047
      TOTAL DISTRIBUTION                          11.52000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)          8.91281
      Gross STC credits                           -1.36132
                                                   7.55149
      Dividend withholding tax (15% on taxable    -1.13272
      dividend)


      Gross dividend (cents per security)          8.91281
      Dividend withholding tax (15% on taxable    -1.13272
      dividend)
      Net dividend per security                    7.78009

  2   NET FOREIGN DIVIDEND (Foreign-dual listed
      shares)
      Gross dividend (cents per security)          2.18428
      Dividend withholding tax (15% on taxable    -0.32764
      dividend)
      Net dividend per security                    1.85664
     3   NET FOREIGN DIVIDEN NOT SUBJECT TO TAX
         Gross dividend                               0.19709
         Dividends withholding tax                       -
         Net dividend                                 0.19709


         SA tax 0.03695 cents (15%) of gross
         (0.24636 cents) 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 Tuesday, 22 January 2013 to all holders
of Satrix 40 securities recorded in the register on Friday, 28
December 2012.

15 January 2013

Sponsor:
Vunani Corporate Finance

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