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NFEMOM/NFSWIX - NewFunds Collective Investment - Distribution and re-investment announcement for quarter ended 30 June 2012 - Salient Dates NEWFUNDS EQUITY MOMENTUM EXCHANGE TRADED FUND PORTFOLIO Share code: NFEMOM ISIN: ZAE000162236 NEWFUNDS SWIX 40 EXCHANGE TRADED FUND PORTFOLIO Share code: NFSWIX ISIN: ZAE000163754 Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed by NewFunds Proprietary Limited (Registration Number 2005/034899/07) DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR QUARTER ENDED 30 June 2012 - SALIENT DATES Notice is hereby given that the following dates are of importance in regard to a possible distribution and reinvestment by the above ETFs to investors of the ETF securities for the quarter ending 30 June 2012: Last day to trade "CUM" distribution: Friday, 22 June 2012 Securities trade "EX" distribution: Monday, 25 June 2012 Record date: Friday, 29 June 2012 An announcement of the amount to be distributed (if any) will be made on or before 19 July 2012. EFFECT OF THE NEW DIVIDEND WITHHOLDING TAX ("DWT") ON DISTRIBUTION AMOUNTS: Investors are advised that with effect from 1 April 2012, all dividends will be subject to DWT at a current rate of 15% except where an investor is exempt or qualifies for a reduced rate of DWT. Even where a re-investment occurs, there is a notional distribution to the investors which could result in the withholding of dividends tax to the extent that the distribution comprises of dividends. The ETF will declare a gross distribution to investors. The net distribution amount (after the deduction of DWT at a current rate of 15%) will be re-invested in the ETF on behalf of investors through the purchase of additional Constituent Securities (as defined in the relevant Portfolio Supplement) in the appropriate weightings, thereby increasing the net asset value of the ETF and, proportionately increasing the value of each ETF security. As a consequence of reinvesting the net distribution amount (after the deduction of DWT), the ETF will be tracking the relevant total return net-of-dividend tax index. The dividends tax amount withheld will be paid to the South African Revenue Service in respect of investors that are not exempt from dividends tax. The payment of dividends tax 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. Investors exempt from DWT, or holders qualifying for a reduced rate per Double Tax Agreement ("DTA") will receive, in cash, the amount equal to the applicable DWT, provided they have completed and timeously lodged with their relevant intermediary the prescribed declaration and undertaking form. Failure to do so will result in dividends tax being withheld in full. Investors wishing to reinvest the cash amount received may do so via their usual investment process, the amount received will not be automatically reinvested. ADDITIONAL INFORMATION: Number of securities in issue Tax reference number NFEMOM 1,000,000 N/A NFSWIX 1,000,000 N/A 8 June 2012 Sponsor Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays) Date: 08/06/2012 13:48:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
