INVESTEC BANK LIMITED - STXIHC- Distribution Announcement

STXIHC- Distribution Announcement

INVESTEC WARRANTS

JSE SHARE CODE: STXIHC
JSE ISIN CODE:  ZAE000164323


DISTRIBUTION ANNOUNCEMENT ON SATRIX 40 HOT ENHANCED DIVIDEND SECURITIES –
(“STXIHC”)


With reference to the distribution announcement, the Managers and Trustees of SATRIX 40 (STX40)
have declared a distribution of 33.08 cents per Satrix 40 security constituted as follows:




                 Description                    Distribution Amount
       Dividend Amount (include local and       31.68874 cents
       foreign dividend amounts before tax)

       Interest                                 0.87669 cents

       Other                                    0.51457 cents


       Local Dividend subject to 15% dividend   15.11239 cents
       withholding tax and STC credits
       15 % dividend withholding tax amount     1.90679 cents
       Local Dividend after 15% dividend        13.2056 cents
       withholding tax and STC credits
       utilised

       Foreign Dividend subject to 15 %         15.47228 cents
       dividend withholding tax
       15 % dividend withholding tax amount     2.32084 cents
       Foreign Dividend after 15% dividend      13.15144 cents
       withholding tax

       Foreign Dividend NOT subject to tax      1.10407 cents


In terms of the new Dividend Tax effective 1 April 2012, the following additional information is
disclosed:

1) dividend withholding tax is 15%;
2) STC credits utilised is 2.40044 cents per security;
3) dividends not subject to dividend tax were declared before 1 April 2012 and are therefore not
   subject to dividend withholding tax in accordance with the Income Tax Act;
4) the dividend tax deducted will be paid to the South African Revenue Service in respect of holders
   that are not exempt from dividends tax;
5) 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.


Payment will be effected on, Friday, 12 October 2012 to all holders of Satrix 40 securities, recorded in
the books of the company at the close of business on Friday, 28 September 2012.

Accordingly, the holders of STXIHC will receive a SATRIX 40 distribution amount on Friday, 12
October 2012, in terms of the Cession clause incorporated in the Supplement between the holders and
Investec Bank Limited.

Copies of the offering circular may be obtained from:
         Investec Bank Limited
         100 Grayston Drive
         Sandown
         Sandton
         2196

 For further information contact:
          Investec Warrants
          Tel.: 0860 103 343
          E-mail: warrants@investec.co.za
          Internet: www.investec.com

 Sponsor
        Investec Securities Limited
        Member of the JSE
        Registration number. 1972/008905/06)

Date: 09/10/2012 03:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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