CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution finalisation announcement - CTOP50

Distribution finalisation announcement - CTOP50

CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares Top 50
Share code: CTOP50 ISIN: ZAE000204327
("Top 50")

A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms
of the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker
Managers (RF) Proprietary Limited

DISTRIBUTION FINALISATION ANNOUNCEMENT

Holders of Top 50 securities are advised that a distribution will be made in respect of the quarter ended
31 December 2016. The distribution of 10.05362 cents per Top 50 security will be comprised as follows:


 Dividend (local) (to be taxed at 15%)(gross)                                            6.05430 cents
 Dividends Withholding Tax (15%)                                                         0.90815 cents
 Resultant net dividend                                                                  5.14616 cents

 Gross REIT Distribution                                                                 1.01443 cents
 (No Dividend Withholding Tax deducted for SA resident securities
 holders)
 Non-residents:
 Local Dividends withholding Tax (15%)                                                   0.15216 cents
 Net dividend                                                                            0.86227 cents

 Dividend (foreign) (to be taxed at 15%)(gross)                                          2.94924 cents
 Dividends Withholding Tax (15%)                                                         0.44239 cents
 Resultant net dividend                                                                  2.50685 cents

 Dividend (foreign) (already taxed at greater than SA 15%                                0.00032 cents
 Dividends Withholding Tax) (gross)
 Dividends Withholding Tax in South Africa (N/A)                                         0.00000 cents
 Resultant net dividend                                                                  0.00032 cents


 Interest                                                                                0.03533 cents


The distribution will be made to all holders of Top 50 securities who were recorded in the register on 30
December 2016 and will be paid on 23 January 2017.

18 January 2017
Sponsor
Grindrod Bank Limited

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