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

Release Date: 04/04/2014 14:21
Code(s): STXRES     PDF:  
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STXRES - Distribution finalisation announcement - quarter ended 31 March 2014 - STXRES

SATRIX RESI PORTFOLIO
JSE Code: STXRES
ISIN: ZAE000078622
("Satrix Resi")

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 Resi
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 67.13000 cents (R0.67130) per Satrix Resi security
constituted as follows:

     Net Local dividend per security (1)             0.84112
     Dividend withholding tax on local               0.14843
     dividend (15%)
     Net Foreign dividend per security           55.87580
     (2)
     Dividend withholding tax on foreign             9.86044
     dividend (15%)
     Interest                                        0.02260
     Other                                           0.38161
     TOTAL DISTRIBUTION                          67.13000

1    NET LOCAL DIVIDEND
     Gross dividend (cents per security)             0.98955
     Dividend withholding tax (15% on            -0.14843
     taxable dividend)
     Net dividend per security                       0.84112

2    NET FOREIGN DIVIDEND (Foreign-dual
     listed shares)
     Gross dividend (cents per security)         65.73624
     Dividend withholding tax (15% on            -9.86044
     taxable dividend)
     Net dividend per security                   55.87580


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 Resi securities recorded in the register on Friday, 28 March 2014.

4 April 2014

Sponsor:
Vunani Corporate Finance

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