SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 31 December 2014 - STXRES

Distribution Finalisation Announcement - Quarter Ended 31 December 2014 - STXRES

SATRIX RESI PORTFOLIO
JSE Code: STXRES
ISIN: ZAE000078622
("Satrix Resi")

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 2014

The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank),
respectively, have declared a distribution to holders of Satrix Resi
securities recorded in the register on Wednesday, 24 December 2014 in
respect of the quarter ended 31 December 2014 as follows:

An aggregate amount of 23.85 cents (R0.2385) per Satrix Resi security
constituted as follows:


     Net Local dividend per security (1)                         19.64491
     Dividend withholding tax on local dividend (15%)             3.46675
     Interest                                                     0.34771
     Other(scrip lending income)                                  0.39063
     TOTAL DISTRIBUTION                                          23.85000

     1 NET LOCAL DIVIDEND
     Gross dividend (cents per security)                         23.11166
     Gross STC credits                                                    -
                                                                 23.11166

     Dividend withholding tax (15% on taxable dividend)           3.46675

     Gross dividend (cents per security)                         23.11166
     Dividend withholding tax (15% on taxable dividend)          -3.46675
     Net dividend per security                                   19.64491


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 Friday, 23 January 2015 to all holders of
Satrix Resi securities recorded in the register on Wednesday, 24 December
2014.

16 January 2015

Sponsor:
Vunani Corporate Finance

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