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

Distribution Finalisation Announcement - Quarter Ended 30 June 2015 - STXFIN

Satrix Managers (RF) (Pty) Ltd
SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 Fini
securities recorded in the register Friday, 26 June 2015 in respect of the
quarter ended 30 June 2015 as follows:

An aggregate amount of 29.88 cents (R0.2988) per Satrix Fini security
constituted as follows:


      Net Local dividend per security (1)                        16.54157
      Dividend withholding tax on local dividend (15%)            2.87128
      Net Foreign dividend per security (2)                       5.42883
      Dividend withholding tax on foreign dividend (15%)          0.95803
      Foreign dividend (0% SA tax)(3)                             1.50871
      REIT distribution (4)                                       2.55527
      Other (scrip lending income)                                0.01631
      TOTAL DISTRIBUTION                                         29.88000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)                        19.41285
      Gross STC credits                                          -0.27099
                                                                 19.14186


      Dividend withholding tax (15% on taxable dividend)          2.87128


      Gross dividend (cents per security)                        19.41285
      Dividend withholding tax (15% on taxable dividend)         -2.87128
      Net dividend per security                                  16.54157

  2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

      Gross dividend (cents per security)                         6.38686
      Dividend withholding tax (15% on taxable dividend)         -0.95803
      Net dividend per security                                   5.42883
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)

         Gross dividend (cents per security)                          2.12529
         Foreign Dividends withholding tax (20%)                     -0.42506
                                                                      1.70023
         Less portfolio costs                                        -0.19152
         Distributable dividend                                       1.50871


         SA Dividend withholding tax
         Gross dividend                                               2.12529
         Less portfolio costs                                        -0.19152
                                                                      1.93377


         SA DWT                                                       0.29007


         SA tax 0.29007 cents (15%) will not be deducted as foreign dividend
         withholding tax has already been deducted (SECTION 64N).

     4 REIT DISTRIBUTION


         Gross REIT distribution                                      2.55527
         Dividend withholding tax (15% - applicable to foreign
         holders)                                                    -0.38329
         Net REIT distribution                                        2.17198

         No dividend tax is applicable for SA resident securities holders on
         the 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 Fini
securities recorded in the register on Friday, 26 June 2015.

16 July 2015
Sponsor:

Vunani Corporate Finance

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