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

Distribution Finalisation Announcement – Quarter Ended 31 December 2015 - STXSWX

Satrix Collective Investment Scheme
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 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 Swix Top 40
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 5.91 cents (R0.0591) per Satrix Swix Top 40 security
constituted as follows:

     Net Local dividend per security (1)                           3.75459
     Dividend withholding   tax on local dividend (15%)            0.66258
     Net Foreign dividend   per security (2)                       0.56301
     Dividend withholding   tax on foreign dividend (15%)          0.09936
     Foreign dividend (0%   SA tax) (3)                            0.42072
     REIT dividend (4)                                             0.40974
     TOTAL DISTRIBUTION                                            5.91000

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)                           4.41717
     Dividend withholding tax (15% on taxable dividend)          - 0.66258
     Net dividend per security                                     3.75459

 2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)
     Gross dividend (cents per security)                           0.66237
     Dividend withholding tax (15% on taxable dividend)          - 0.09936
     Net dividend per security                                     0.56301


 3   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
     Gross dividend (cents per security)                           0.77426
     Foreign dividends withholding tax (32.75% on taxable        - 0.25357
     dividend)
                                                                   0.52069
     Less portfolio costs                                        - 0.09997
     Distributable dividend                                        0.42072


     SA Dividend withholding tax
     Gross dividend                                                0.77426
     Less portfolio costs                                        - 0.09997
                                                                   0.67429
     SA DWT                                                        0.10114
     SA tax 0.10114 cents (15%) will not be deducted as
     foreign dividend withholding tax has already been
     deducted (SECTION 64N)

 4   REIT DIVIDEND
     Gross REIT dividend                                          0.40974
     Dividend withholding tax (15% applicable to foreign
     holders)                                                   - 0.06146
     Net REIT dividend                                            0.34828


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

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 Swix
Top 40 securities recorded in the register on Thursday, 31 December 2015.

19 January 2016

Sponsor:
Vunani Corporate Finance

Date: 19/01/2016 03:57:00 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.