STANLIB COLLECTIVE INVESTMENTS LIMITED - Distribution Announcement - STAN40

Distribution Announcement - STAN40

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")
Income Tax number: 9528816169

DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 securities ("Securities Holders") are referred to the
announcement dated Thursday,02 June 2016 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 2016 ("the
Distribution") in an amount of 39.21000 cents per STANLIB40   ETF security. The
distribution will be constituted as follows:

Gross Dividend(local to be taxed)           :   32.23000 cents
Local Tax    (15%)                          :    4.83450 cents
Net dividend                                :   27.39550 cents

Gross Dividend(foreign-dual)to be taxed     :   2.54000 cents
SA tax applicable             (15   %)      :   0.38100 cents
Net Dividend                                :   2.15900 cents

Gross Dividend(foreign-dual)not to be taxed
(Foreign Withholding Tax >= SA Tax)       :     1.29000 cents
Foreign Tax Withheld(19.37985%)           :     0.25000 cents
Net Dividend                              :     1.04000 cents


Gross REIT Distribution                   :     2.92000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)     :      0.43800 cents
Net dividend                              :      2.48200 cents

Interest(paid on cash held in bank account, no WTI
applicable)                               :     0.48000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 30.59450 cents per security as well as REIT
Distribution of 2.92 cents.

The Distribution will be made to all Securities Holders recorded in the
register on Friday, 01 July 2016 and will be paid on Monday, 18 July
2016.

Johannesburg
29 June 2016

Sponsor
The Standard Bank of South Africa Limited

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