SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 30 June 2015 - STXSWX

Distribution Finalisation Announcement - Quarter Ended 30 June 2015 - STXSWX

Satrix Managers (RF) (Pty) Ltd
SATRIX SWIX TOP 40 PORTFOLIO
JSE code: STXSWX
ISIN code: ZAE000078580
("Satrix Swix Top 40")

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 30 JUNE 2015

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 Swix Top 40
securities recorded in the register on Friday, 26 June 2015 in respect of
the quarter ended 30 June 2015 as follows:

An aggregate amount of 9.75 cents (R0.0975) per Satrix Swix Top 40 security
constituted as follows:

     Net Local dividend per security (1)                              7.02240
     Dividend withholding tax on local dividend (15%)                 1.23122
     Net Foreign dividend per security (2)                            0.67387
     Dividend withholding tax on foreign dividend (15%)               0.11892
     Foreign dividend (0% SA tax) (3)                                 0.13971
     REIT distribution                                                0.45942
     Interest (positive cash balances) (a)                            0.00750
     Other (scrip lending income)                                     0.09696
     TOTAL DISTRIBUTION                                               9.75000

 a   No withholding tax on interest is applicable as interest
     has solely been earned from a South African Bank.

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)                              8.25362
     Gross STC credits                                           - 0.04547
                                                                      8.20815


     Dividend withholding tax (15% on taxable dividend)               1.23122


     Gross dividend (cents per security)                              8.25362
     Dividend withholding tax (15% on taxable dividend)          - 1.23122
     Net dividend per security                                        7.02240

 2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                              0.79279
     Dividend withholding tax (15% on taxable dividend)          - 0.11892
     Net dividend per security                                     0.67387
 3   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)


     Gross dividend (cents per security)                          0.20197
     Foreign Dividends withholding tax (20%)                    - 0.04039
                                                                  0.16158
     Less portfolio costs                                       - 0.02187
     Distributable dividend                                       0.13971



     SA Dividend withholding tax
     Gross dividend                                               0.20197
     Less portfolio costs                                       - 0.02187
                                                                  0.18010


     SA DWT                                                       0.02702


     SA tax 0.02702 cents (15%) will not be deducted as
     foreign dividend withholding tax has already been
     deducted (SECTION 64N)

 4   REIT DISTRIBUTION


     Gross REIT distribution                                      0.45942
     Dividend withholding tax (15% - applicable to foreign
     holders)                                                   - 0.06891
                                                                  0.39051


     No dividend tax is applicable for SA resident securities
     holders on REIT.

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 23 July 2015 to all holders of Satrix Swix Top
40 securities recorded in the register on Friday, 26 June 2015.

16 July 2015

Sponsor:
Vunani Corporate Finance

Date: 16/07/2015 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.