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

Distribution finalisation announcement - quarter ended 31 December 2012 - STXFIN

SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 Fini 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     8.02   cents   (R0.0802)   per   Satrix   Fini   security
constituted as follows:

      Net Local dividend per security (1)                     5.46104
      Dividend withholding tax on local                       0.79120
      dividend (15%)
      Net Foreign dividend per security (2)                   1.12894
      Dividend withholding tax on foreign                     0.19923
      dividend (15%)
      Foreign dividend (0% SA tax) (3)                        0.37148
      Interest                                                0.04964
      Other                                                   0.01847
      TOTAL DISTRIBUTION                                      8.02000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)                     6.25224
      Gross STC credits                                      -0.97757
                                                              5.27467
      Dividend withholding tax (15% on taxable               -0.79120
      dividend)


      Gross dividend (cents per security)                     6.25224
      Dividend withholding tax (15% on taxable               -0.79120
      dividend)
      Net dividend per security                               5.46104

  2   NET FOREIGN DIVIDEND (Foreign-dual listed
      shares)
      Gross dividend (cents per security)                     1.32817
      Dividend withholding tax (15% on taxable               -0.19923
      dividend)
      Net dividend per security                               1.12894
     3   NET FOREIGN DIVIDEN NOT SUBJECT TO TAX
         Gross dividend                                   0.37148
         Dividends withholding tax                            -
         Net dividend                                     0.37148


         SA tax 0.06965 cents (15%) of gross
         (0.46434 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 Fini securities recorded in the register on Friday, 28 December
2012.

15 January 2013

Sponsor:
Vunani Corporate Finance

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