Distribution announcement STANLIB TOP 40 FUND ("STANLIB40")(being a portfolio under the STANLIB ETF CIS registered in the Republic of South Africa in terms of the Collective Investment Schemes Control Act “CISCA”) Share Code: STAN40 Abbreviated Name: STANLIB40 ISIN: ZAE000148425 ("STAN40") DISTRIBUTION ANNOUNCEMENT Holders of STANLIB40 securities ("Securities Holders") are referred to the announcement dated Monday, 03 December 2012 setting out details of a possible quarterly distribution by the ETF to Securities Holders. Further to the above mentioned announcement, the manager of the STANLIB ETF Collective Investment Scheme(“the Manager”) has resolved to make a quarterly distribution to Securities Holders for the quarter ended 31 December 2012 ("the Distribution") in an amount of 13.68000 cents per STANLIB40 ETF security. The distribution will be constituted as follows : Gross Dividend(local) : 11.78000 cents STC credits : 1.55000 cents Local Tax (15%) : 1.534500 cents Net dividend : 10.24550 cents Gross Dividend(foreign)to be taxed(15%) : 1.81000 cents Foreign Withholding Tax (3.31500%) : 0.06000 cents (to be deducted from total dividend, withheld at source) Tax Applicable (11.68500%) : 0.211500 cents Net Dividend : 1.53850 cents Interest : 0.15 cent The Security Holders who are not exempt from dividend tax will receive the Net Dividend of 11.78400. The Distribution will be made to all Securities Holders recorded in the register on Friday, 28 December 2012 and will be paid on Friday, 11 January 2013. Johannesburg 20 December 2012 Sponsor The Standard Bank of South Africa Limited Date: 20/12/2012 05:35:00 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.