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

STXRES - Distribution finalisation announcement - quarter ended 31 December 2013

SATRIX RESI PORTFOLIO
JSE Code: STXRES
ISIN: ZAE000078622
("Satrix Resi")

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

An aggregate amount of 21.31000 cents (R0.21300) per Satrix Resi security
constituted as follows:


     Net Local dividend per security             17.89878
     Dividend withholding tax on local               2.96903
     dividend (15%)
     Interest                                        0.25322
     Other                                           0.18897
     TOTAL DISTRIBUTION                          21.31000

     NET LOCAL DIVIDEND
     Gross dividend (cents per security)         20.86781
     Gross STC credits                           -1.07430
                                                 19.79351
     Dividend withholding tax (15% on                2.96903
     taxable dividend)


     Gross dividend (cents per security)         20.86781
     Dividend withholding tax (15% on            -2.96903
     taxable dividend)
     Net dividend per security                   17.89878


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 Resi securities recorded in the register on Friday, 27 December
2013.

17 January 2014

Sponsor:
Vunani Corporate Finance

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