SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 31 December 2015 - STXIND

Distribution Finalisation Announcement – Quarter Ended 31 December 2015 - STXIND

Satrix Collective Investment Scheme
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")

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 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 Indi
securities recorded in the register on Thursday, 31 December 2015 in
respect of the quarter ended 31 December 2015 as follows:

An aggregate amount of        35.1   cents   (R0.351)   per   Satrix   Indi    security
constituted as follows:

     Net Local dividend per security (1)                                       17.16198
     Dividend withholding tax on local dividend (15%)                           3.02858
     Net Foreign dividend per security (2)                                      4.22098
     Dividend withholding tax on foreign dividend (15%)                         0.74488
     Foreign dividend (0% SA tax) (3)                                           9.49898
     Interest (positive cash balances) (a)                                      0.44460
     TOTAL DISTRIBUTION                                                        35.10000


 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)                                       20.19056
     Dividend withholding tax (15% on taxable dividend)                       - 3.02858
     Net dividend per security                                                 17.16198

2    NET FOREIGN DIVIDEND (Foreign-dual listed shares)
     Gross dividend (cents per security)                                        4.96586
     Dividend withholding tax (15% on taxable dividend)                       - 0.74488
     Net dividend per security                                                  4.22098


3    NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
     Gross dividend (cents per security)                                       19.44262
     Foreign dividends withholding tax (35%)                                  - 6.80492
                                                                               12.63770
     Less portfolio costs                                                     - 3.13872
     Distributable dividend                                                     9.49898
     SA Dividend withholding tax
     Gross dividend                                                            19.44262
     Less portfolio costs                                                     - 3.13872
                                                                               16.30390
     SA DWT                                                                     2.44559


     SA tax 2.44559 cents (15%) will not be deducted as
     foreign dividend withholding tax has already been
     deducted (SECTION 64N)

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 26 January 2016 to all holders of Satrix Indi
securities recorded in the register on Thursday, 31 December 2015.

19 January 2016

Sponsor:
Vunani Corporate Finance

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