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

STXIND - Distribution finalisation announcement - quarter ended 31 March 2014

SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")

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 Indi
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 14.06000 cents (R0.14060) per Satrix Indi security
constituted as follows:

     Net Local dividend per security (1)             6.12166
     Dividend withholding tax on local               1.08029
     dividend (15%)
     Net Foreign dividend per security               5.67418
     (2)
     Dividend withholding tax on foreign             1.00133
     dividend (15%)
     Other                                           0.18254
     TOTAL DISTRIBUTION                          14.06000

1    NET LOCAL DIVIDEND
     Gross dividend (cents per security)             7.20195
     Dividend withholding tax (15% on            -1.08029
     taxable dividend)
     Net dividend per security                       6.12166

2    NET FOREIGN DIVIDEND (Foreign-dual
     listed shares)
     Gross dividend (cents per security)             6.67551
     Dividend withholding tax (15% on            -1.00133
     taxable dividend)
     Net dividend per security                       5.67418

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

4 April 2014

Sponsor:
Vunani Corporate Finance

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