CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Distribution Finalisation Announcement - CTOP50

Distribution Finalisation Announcement - CTOP50

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 2015. The distribution of 9.31312 cents per Top 50 Security will be comprised as follows:


 Dividend (local) (to be taxed at 15%)(gross)                                            5.98533 cents
 Dividends Withholding Tax (15%)                                                         0.89780 cents
 Resultant net dividend                                                                  5.08753 cents

 Gross REIT Distribution                                                                 0.41156 cents
 (No Dividend Withholding Tax deducted for SA resident securities
 holders)
 Non-residents:
 Local Dividends withholding Tax (15%)                                                   0.06173 cents
 Net dividend                                                                            0.34983 cents

 Dividend (foreign) (to be taxed at 15%)(gross)                                          0.94072 cents
 Dividends Withholding Tax (15%)                                                         0.14111 cents
 Resultant net dividend                                                                  0.79961 cents


 Dividend (foreign) (already taxed at greater than SA 15% Dividends                      1.97551 cents
 Withholding Tax) (gross)
 Dividends Withholding Tax in South Africa (N/A)                                         0.00000 cents
 Resultant net dividend                                                                  1.97551 cents



The distribution will be made to all holders of Top 50 securities who were recorded in the register on 31
December 2015 and will be paid on 21 January 2016.

18 January 2016
Sponsor
Grindrod Bank Limited

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