STANLIB COLLECTIVE INVESTMENTS LIMITED - Distribution Announcement - STAN40

Distribution Announcement - STAN40

STANLIB TOP 40 FUND ("STANLIB40")(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
Abbreviated Name: STANLIB40
ISIN: ZAE000182432
("STAN40")
Income Tax number: 9528816169

DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 securities ("Securities Holders") are referred to the
announcement dated Monday,05 December 2016 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 2016
("the Distribution") in an amount of 16.48000 cents per STANLIB40 ETF
security. The distribution will be constituted as follows:

Gross Dividend (local to be taxed)   :      14.11000 cents
Local Tax    (15%)                   :       2.11650 cents
Net dividend                         :      11.99350 cents

Gross Dividend (foreign-dual) to be taxed :       0.51000 cents
SA tax applicable             (15   %)    :       0.07650 cents
Net Dividend                              :       0.43350 cents

Gross Dividend (foreign-dual) not to be taxed
(Foreign Withholding Tax >= SA Tax)       :       0.37000 cents
Foreign Tax Withheld (16.21622%)          :       0.06000 cents
Net Dividend                              :       0.31000 cents


Gross REIT Distribution                   :     1.43000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)     :      0.21450 cents
Net dividend                              :      1.21550 cents

Interest (paid on cash held in bank account, no WTI
applicable)                               :     0.12000 cents

The Security Holders (Residents) who are not exempt from dividend tax will
receive the Net Dividend of 12.73700 cents per security as well as REIT
Distribution of 1.43 cents.

The Distribution will be made to all Securities Holders recorded in the
register on Friday, 30 December 2016 and will be paid on Monday, 16 January
2017.

Johannesburg
28 December 2016

Sponsor
The Standard Bank of South Africa Limited

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