SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution finalisation announcement - quarter ended 30 September 2013 - STX40

Distribution finalisation announcement - quarter ended 30 September 2013 - STX40

SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 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 30 SEPTEMBER
2013

The manager and trustees of the Satrix Collective Investment Scheme
(being Satrix Managers (Pty) Limited and ABSA Bank Limited),
respectively, have declared a distribution to holders of Satrix 40
securities recorded in the register on Friday, 27 September 2013 in
respect of the quarter ended 30 September 2013 as follows:

An aggregate amount of 40.07000           cents   (R0,40070)     per   Satrix   40
security constituted as follows:

      Net Local dividend per security (1)             13.38233
      Dividend withholding tax on local                2.31049
      dividend (15%)
      Net Foreign dividend per security (2)           17.93377
      Dividend withholding tax on foreign              3.16478
      dividend (15%)
      Foreign dividend (0% SA tax) (3)                 1.97255
      Interest                                         1.06998
      Other                                            0.23610
      TOTAL DISTRIBUTION                               40.0700


  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)             15.69282
      Gross STC credits                               -0.28956
                                                      15.40326
      Dividend withholding tax (15% on                 2.31049
      taxable dividend)


      Gross dividend (cents per security)             15.69282
      Dividend withholding tax (15% on                -2.31049
      taxable dividend)
      Net dividend per security                       13.38233

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)             21.09855
      Dividend withholding tax (15% on                -3.16478
      taxable dividend)
      Net dividend per security                       17.93377
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                3.55469
         Foreign Dividends withholding tax            -1.24414
         (35%)
         Gross dividend received by portfolio          2.31055
         Less portfolio costs                         -0.33800
         Distributable dividend                        1.97255


         SA Dividend withholding tax
         Gross dividend                                3.55469
         Less portfolio costs                         -0.33800
                                                       3.21669


         SA DWT                                        0.48250

         SA tax 0.48250 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 Wednesday, 16 October 2013 to all
holders of Satrix 40 securities recorded in the register on Friday,
27 September 2013.

09 October 2013

Sponsor:
Vunani Corporate Finance

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