SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 31 March 2015 - STXRES

Distribution Finalisation Announcement - Quarter Ended 31 March 2015 - STXRES

Satrix Managers (RF) (Pty) Ltd
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 MARCH 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 Resi
securities recorded in the register on Friday, 27 March 2015 in respect of
the quarter ended 31 March 2015 as follows:

An aggregate amount of 46.08 cents (R0.4608) per Satrix Resi security
constituted as follows:

     Net Local dividend per security (1)                               0.62375
     Dividend withholding tax on local dividend (15%)                  0.11007
     Net Foreign dividend per security (2)                           38.05433
     Dividend withholding tax on foreign dividend (15%)                6.71547
     Interest (positive cash balances) (a)                             0.08148
     Other (scrip lending income)                                      0.49490
     TOTAL DISTRIBUTION                                              46.08000


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)                               0.73382
     Dividend withholding tax (15% on taxable dividend)          -     0.11007
     Net dividend per security                                         0.62375

2    NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                             44.76980
     Dividend withholding tax (15% on taxable dividend)          -     6.71547
     Net dividend per security                                       38.05433


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 29 April 2015 to all holders of Satrix Resi
securities recorded in the register on Friday, 27 March 2015.

21 April 2015

Sponsor:
Vunani Corporate Finance

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