STANLIB COLLECTIVE INVESTMENTS LTD - Distribution announcement -STANLIB40

Distribution announcement -STANLIB40

STANLIB TOP 40 FUND ("STANLIB40")(being a portfolio under the STANLIB ETF
CIS registered in the Republic of South Africa in terms of the Collective
Investment Schemes Control Act “CISCA”)
Share Code: STAN40
Abbreviated Name: STANLIB40
ISIN: ZAE000182432 ("STAN40")

DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 securities ("Securities Holders") are referred to the
announcement dated Friday, 30 May 2014 setting out details of a possible
quarterly distribution by the ETF to Securities Holders.

Further to the above-mentioned announcement, the manager of   the STANLIB ETF
Collective Investment Scheme(“the Manager”) has resolved to   make a quarterly
distribution to Securities Holders for the quarter ended 30   June 2014 ("the
Distribution") in an amount of 43.04000 cents per STANLIB40   ETF security. The
distribution will be constituted as follows :

Gross Dividend(local to be taxed)   :       38.55000 cents
STC credits                         :       0.84000 cents
Local Tax    (15%)                  :       5.65650 cents
Net dividend                        :       32.89350 cents

Gross REIT Distribution                   :     1.41000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)     :     0.21150 cents
Net dividend                              :     1.19850 cents

Gross Dividend(foreign-dual)to be taxed     :     1.43000 cents
SA tax applicable              (15%)        :     0.21450 cents
Net Dividend                                :     1.21550 cents

Capital Payment(local)              :       1.22000 cents

Interest                                    :     0.43000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 35.51900 cents per security.


The Distribution will be made to all Securities Holders recorded in the
register on Friday, 27 June 2014 and will be paid on Friday, 11 July
2014.

Johannesburg
23 June 2014

Sponsor
The Standard Bank of South Africa Limited

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