SATRIX COLLECTIVE INVESTMENT SCHEME - STX40 - Distribution finalisation announcement - quarter ended 31 March 2014

STX40 - Distribution finalisation announcement - quarter ended 31 March 2014

SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 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 MARCH 2014

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 40
securities recorded in the register on Friday, 28 March 2014 in respect of
the quarter ended 31 March 2014 as follows:

An aggregate amount of 20.84000 cents (R0.20840) per Satrix 40 security
constituted as follows:

         Net Local dividend per security (1)          2.62104
         Dividend withholding tax on local            0.46254
         dividend (15%)
         Net Foreign dividend per security (2)       14.88293
         Dividend withholding tax on foreign          2.62640
         dividend (15%)
         Other                                        0.24709
         TOTAL DISTRIBUTION                          20.84000

     1   NET LOCAL DIVIDEND
         Gross dividend (cents per security)          3.08358
         Dividend withholding tax (15% on            -0.46254
         taxable dividend)
         Net dividend per security                    2.62104

     2   NET FOREIGN DIVIDEND (Foreign-dual
         listed shares)
         Gross dividend (cents per security)         17.50933
         Dividend withholding tax (15% on            -2.62640
         taxable dividend)
         Net dividend per security                   14.88293




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 Thursday, 10 April 2014 to all holders of
Satrix 40 securities recorded in the register on Friday, 28 March 2014.

4 April 2014

Sponsor:
Vunani Corporate Finance

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