SATRIX COLLECTIVE INVESTMENT SCHEME - STXFIN - Distribution finalisation announcement - quarter ended 31 December 2013

STXFIN - Distribution finalisation announcement - quarter ended 31 December 2013

SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 2013

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 Fini
securities recorded in the register Friday, 27 December 2013 in respect of
the quarter ended 31 December 2013 as follows:

An aggregate amount of 9.50000 cents (R0.09500) per Satrix Fini security
constituted as follows:


      Net Local dividend per security (1)           5.10346
      Dividend withholding tax on local             0.84089
      dividend (15%)
      Net Foreign dividend per security (2)         2.44945
      Dividend withholding tax on foreign           0.43226
      dividend (15%)
      Foreign dividend (0% SA tax) (3)              0.54644
      Interest                                      0.06494
      Other                                         0.06256
      TOTAL DISTRIBUTION                            9.50000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)           5.94435
      Gross STC credits                            -0.33843
                                                    5.60592
      Dividend withholding tax (15% on              0.84089
      taxable dividend)


      Gross dividend (cents per security)           5.94435
      Dividend withholding tax (15% on             -0.84089
      taxable dividend)
      Net dividend per security                     5.10346

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)           2.88171
      Dividend withholding tax (15% on             -0.43226
      taxable dividend)
      Net dividend per security                     2.44945
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                0.78829
         Foreign Dividends withholding tax            -0.15766
         (20%)
         Gross dividend received by portfolio          0.63063
         Less portfolio costs                         -0.08419
         Distributable dividend                        0.54644


         SA Dividend withholding tax
         Gross dividend                                0.78829
         Less portfolio costs                         -0.08419
                                                       0.70410


         SA DWT                                        0.10562

         SA tax 0.10562 cents (15%) will not be deducted as
         foreign dividend withholding tax has already been
         deducted (SECTION 64N).

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 Friday, 24 January 2014 to all holders of
Satrix Fini securities recorded in the register on Friday, 27 December
2013.

17 January 2014

Sponsor:
Vunani Corporate Finance

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