STXRAF - Satrix RAFI 40 - Distribution and re-investment announcement-

STXRAF - Satrix RAFI 40 - Distribution and re-investment announcement-          
Quarter ended 31 March 2012                                                     
Satrix RAFI 40                                                                  
A portfolio in the Satrix Collective Investment Scheme ("Satrix"), registered   
as such in terms of the Collective Investment Schemes Control Act, 45 of        
2002.                                                                           
JSE code: STXRAF                                                                
ISIN: ZAE000126033                                                              
DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT - 31 MARCH 2012                     
Investors are advised that the manager and trustee of Satrix (being Satrix      
Managers (Proprietary) Limited and Absa Bank Limited, respectively) have for    
the period commencing 1 January 2012 and ending 31 March 2012 declared          
distributions to holders of Satrix RAFI 40 securities in an aggregate amount    
of 6.34 cents (R0.0634) per Satrix RAFI 40 security.  These distributions       
were constituted by dividends and interest.                                     
In accordance with the investment policy of Satrix RAFI 40 the distributions    
were immediately re-invested on behalf of investors through the purchase of     
securities comprising the FTSE/JSE RAFI 40 Index in accordance with the         
calculation methodology of the total return version of this Index, thereby      
increasing the net asset value of Satrix RAFI 40 and, proportionately, each     
Satrix RAFI 40 security.                                                        
To the extent that the distributions (or any part thereof) are taxable in the   
hands of an investor, the investor will be liable for the tax associated with   
such distributions, notwithstanding that the distributions are re-invested on   
behalf of investors (and are not paid over to investors).                       
The amount of the distributions set out above will:                             
*    where Satrix RAFI 40 securities are held on capital account, be added to   
the base cost of each Satrix RAFI 40 security for capital gains tax         
    purposes; or                                                                
*    where Satrix RAFI 40 securities are held as trading stock, be regarded     
    as part of the cost of acquiring a Satrix RAFI 40 security.                 
Investors are also referred to the Distribution and Reinvestment Announcement   
- April 2012. As a consequence of changes to the distribution and               
reinvestment methodology for Satrix Rafi 40 as a result of the introduction     
of dividends tax on 1 April 2012, Distribution and Reinvestment Announcements   
going forward will be in the form of this announcement which will be made on    
a monthly basis and not semi-annually as was the case prior to the              
introduction of dividends tax.                                                  
4 May 2012                                                                      
Sponsor:                                                                        
Vunani Corporate Finance                                                        
Manager:                                                                        
Satrix Managers (Proprietary) Limited                                           
Date: 04/05/2012 13:37:58 Supplied by www.sharenet.co.za                     
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