SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and re-investment announcement for May 2013 and salient dates for June 2013

Distribution and re-investment announcement for May 2013 and salient dates for June 2013

SATRIX RAFI 40
JSE code: STXRAF
ISIN: ZAE000126033

A portfolio in the Satrix Collective Investment Scheme (“Satrix”),
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION AND RE-INVESTMENT       ANNOUNCEMENT   FOR   MAY   2013   AND   SALIENT
DATES FOR JUNE 2013

Investors are advised that the Manager and Trustee of Satrix (being
Satrix   Managers   (Proprietary)  Limited   and   Absa  Bank   Limited,
respectively) have declared a distribution to holders of Satrix RAFI 40
securities recorded in the register on Friday, 31 May 2013 in respect of
the month of May 2013 as follows:

An aggregate amount of 2.62 cents (R0.02620) per Satrix RAFI 40 security
constituted as follows:

      Net Local dividend per security (1)            0.54330

      Dividend withholding tax on local              0.09443
      dividend (15%)
      Net Foreign dividend per security (2)          1.52688

      Dividend withholding tax on foreign            0.26945
      dividend (15%)
      Foreign dividend (0% SA tax) (3)               0.16601
      Interest                                       0.01993
      TOTAL DISTRIBUTION                             2.62000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)            0.63773

      Gross STC credits                             -0.00822
                                                     0.62951
      Dividend withholding tax (15% on               0.09443
      taxable dividend)


      Gross dividend (cents per security)            0.63773
      Dividend withholding tax (15% on              -0.09443
      taxable dividend)
      Net dividend per security                      0.54330

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)            1.79633
      Dividend withholding tax (15% on              -0.26945
      taxable dividend)
      Net dividend per security                      1.52688
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                0.25690
         Foreign Dividends withholding tax            -0.05138
         (20%)
         Gross dividend received by portfolio          0.20552
         Less portfolio costs                         -0.03951
         Distributable dividend                        0.16601


         SA Dividend withholding tax
         Gross dividend                                0.25690
         Less portfolio costs                         -0.03951
                                                       0.21739
         SA DWT                                        0.03261

         SA tax 0.03261 cents (15%) will not be deducted as
         foreign dividend withholding tax has already been
         deducted (SECTION 64N).

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 made in respect of holders recorded in the register on
Friday, 31 May 2013 (the “record date”) and be effected on Wednesday, 12
June 2013.

In accordance with the investment policy of Satrix RAFI 40 the
distribution (excluding the dividends tax as detailed above) will be 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.

The distribution (excluding the dividend tax as detailed 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.
SALIENT DATES FOR JUNE 2013:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of June 2013 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:              Friday, 21   June   2013
Securities trade “ex” distribution:                Monday, 24   June   2013
Record date:                                       Friday, 28   June   2013
Announcement of distribution amount                 Friday, 5   July   2013
for June 2013, together with salient
dates for July 2013 by:

Sandton
5 June 2013

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (Proprietary) Limited

Date: 05/06/2013 10:44:00 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.