BIPINF - Bips Government Inflation Linked Bond Fund - Distribution Finalisation

BIPINF - Bips Government Inflation Linked Bond Fund - Distribution Finalisation 
Announcement                                                                    
Bips Government Inflation Linked Bond Fund                                      
A portfolio in the Bips Collective Investment Scheme ("the portfolio")          
registered in terms of the Collective Investment Schemes Control Act, 45 of 2002
Share Code: BIPINF                                                              
ISIN: ZAE000134185                                                              
DISTRIBUTION FINALISATION ANNOUNCEMENT                                          
Following the previous announcement detailing a possible quarterly distribution 
by Bips Inflation-X to holders of Bips Inflation-X Securities, the manager and  
trustees (namely Bips Investment Managers (Pty) Limited and ABSA Bank Limited)  
have resolved to make a quarterly distribution to holders of Bips Inflation-X   
securities for the quarter ended 31 December 2011. The distribution will:       
*    amount to 11.02 cents (R0.1102) per Bips Inflation-X security;             
*    be constituted 11.02 cents (R0.1102) in respect of interest;               
*    be made to all holders of Bips Inflation-X securities recorded in the      
    register on 23 December 2011; and                                           
*    be effected on 29 December 2011                                            
The distribution is calculated after taking into account accrued expenses       
incurred by the fund for the previous quarter and thus represents a distribution
net of fund expenses. The distribution is interest in nature.                   
*    a Special Distribution, as an interest payment, amounting to 3.38 cents    
    (R0.0338) per Bips Inflation-X security;                                    
*    The Special Distribution will be made to holders of Bips Inflation-X       
    securities added to the register between 22 September 2011 and 04 November  
    2011 (Both dates inclusive) with respective trade dates being 15 September  
    and 28 October; and                                                         
*    be effected on 29 December 2011                                            
This is done in order to correct a 3.38c overstatement in the calculated and    
published NAV of the fund between these dates and to ensure that all Securities 
holders are put in an equal position.                                           
15 December 2011                                                                
Johannesburg                                                                    
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 15/12/2011 10:09:53 Supplied by www.sharenet.co.za                     
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