STANLIB COLLECTIVE INVESTMENTS LIMITED - Distribution announcement - STANSX

Distribution announcement - STANSX

STANLIB SWIX 40 FUND
("STANLIBSX")(Being a portfolio under the STANLIB ETF       CIS registered in the
Republic of South Africa in terms of CISCA)
Share Code: STANSX
Abbreviated Name: STANLIBSX
ISIN: ZAE000182424
("STANLIBSX")
Income Tax number: 9003830230


DISTRIBUTION ANNOUNCEMENT

Holders of STANLIBSX securities ("Securities Holders") are referred to the
announcement dated Tuesday, 01 March 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 March 2016 ("the
Distribution") in an amount of 2.44000 cents per STANLIBSX ETF security. The
distribution will be constituted as follows:

Gross Dividend(local to be taxed)   :       0.29000 cents
Local Tax    (15%)                  :       0.04350 cents
Net dividend                        :       0.24650 cents

Gross Dividend(foreign-dual)to be taxed     :     1.32000 cents
SA tax applicable             (15   %)      :     0.19800 cents
Net Dividend                                :     1.12200 cents

Gross REIT Distribution                   :     0.15000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)     :      0.02250 cents
Net dividend                              :      0.12750 cents

Interest(paid on cash held in bank account, no WTI
applicable)                               :     0.20000 cents

Other income (scrip lending income)       :     0.48000 cents
(Taxed at individual’s income tax rate, no WTI applicable)


The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 1.36850 cents per security as well as REIT
Distribution of 0.15000 cents.


The Distribution will be made to all Securities Holders recorded in the
register on Friday, 01 April 2016 and will be paid on Friday, 15 April
2016.

Johannesburg
29 March 2016

Sponsor
The Standard Bank of South Africa Limited

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