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 Friday,02 September 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 September 2016
("the Distribution") in an amount of 42.69000 cents per STANLIB40 ETF
security. The distribution will be constituted as follows:

Gross Dividend(local to be taxed)         :     17.65000 cents
Local Tax    (15%)                        :      2.64750 cents
Net dividend                              :     15.00250 cents

Gross Dividend(foreign-dual)to be taxed   :    15.59000 cents
SA tax applicable             (15   %)    :     2.33850 cents
Net Dividend                              :    13.25150 cents

Gross Dividend(foreign-dual)not to be taxed
(Foreign Withholding Tax >= SA Tax)       :     8.64000 cents
Foreign Tax Withheld(34.95370%)           :     3.02000 cents
Net Dividend                              :     5.62000 cents


Gross REIT Distribution                   :     2.44000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)     :      0.36600 cents
Net dividend                              :      2.07400 cents

Interest(paid on cash held in bank account, no WTI
applicable)                               :     1.39000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 33.87400 cents per security as well as REIT
Distribution of 2.44 cents.

The Distribution will be made to all Securities Holders recorded in the
register on Friday, 30 September 2016 and will be paid on Monday, 17 October
2016.

Johannesburg
28 September 2016

Sponsor
The Standard Bank of South Africa Limited

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