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SATRIX COLLECTIVE INVESTMENT SCHEME - STXSWX - Distribution finalisation announcement - quarter ended 31 December 2013

Release Date: 17/01/2014 08:35
Code(s): STXSWX
 
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STXSWX - Distribution finalisation announcement - quarter ended 31 December 2013

SATRIX SWIX TOP 40 PORTFOLIO
JSE code: STXSWX
ISIN code: ZAE000078580
("Satrix Swix Top 40")

A portfolio in the Satrix Collective Investment Scheme, registered as such
in terms of the Collective Investment Schemes Control Act, 45 of 2002

DISTRIBUTION FINALISATION ANNOUNCEMENT – QUARTER ENDED 31 DECEMBER 2013

The manager and trustees of the Satrix Collective Investment Scheme (being
Satrix Managers (RF) (Pty) Limited and Standard Chartered Bank),
respectively, have declared a distribution to holders of Satrix Swix Top 40
securities recorded in the register on Friday, 27 December 2013 in respect
of the quarter ended 31 December 2013 as follows:

An aggregate amount of 3.95000 cents (R0.03950) per Satrix Swix Top 40
security constituted as follows:


      Net Local dividend per security (1)           2.92491
      Dividend withholding tax on local             0.44387
      dividend (15%)
      Net Foreign dividend per security (2)         0.37822
      Dividend withholding tax on foreign           0.06675
      dividend (15%)
      Foreign dividend (0% SA tax) (3)              0.04839
      Interest                                      0.02709
      Other                                         0.06077
      TOTAL DISTRIBUTION                            3.95000

  1   NET LOCAL DIVIDEND
      Gross dividend (cents per security)           3.36878
      Gross STC credits                            -0.40962
                                                    2.95916
      Dividend withholding tax (15% on              0.44387
      taxable dividend)


      Gross dividend (cents per security)           3.36878
      Dividend withholding tax (15% on             -0.44387
      taxable dividend)
      Net dividend per security                     2.92491

  2   NET FOREIGN DIVIDEND (Foreign-dual
      listed shares)
      Gross dividend (cents per security)           0.44497
      Dividend withholding tax (15% on             -0.06675
      taxable dividend)
      Net dividend per security                     0.37822
     3   NET FOREIGN DIVIDEND NOT TAXED (S64N
         rebate)
         Gross dividend                                0.07606
         Foreign Dividends withholding tax            -0.01521
         (20%)
         Gross dividend received by portfolio          0.06085
         Less portfolio costs                         -0.01246
         Distributable dividend                        0.04839


         SA Dividend withholding tax
         Gross dividend                                0.07606
         Less portfolio costs                         -0.01246
                                                       0.06360


         SA DWT                                        0.00954


         SA tax 0.00954 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 effected on Friday, 24 January 2014 to all holders of
Satrix Swix Top 40 securities recorded in the register on Friday, 27
December 2013.

17 January 2014

Sponsor:
Vunani Corporate Finance

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