SATRIX COLLECTIVE INVESTMENT SCHEME - STXRAF - Distribution and re-investment announcement for May 2014 and salient dates for June 2014

STXRAF  - Distribution and re-investment announcement for May 2014 and salient dates for June 2014

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   2014   AND   SALIENT
DATES FOR JUNE 2014

Investors are advised that the Manager and                Trustee of Satrix (being
Satrix Managers (RF) Proprietary Limited and               Standard Chartered Bank,
respectively) have declared a distribution to             holders of Satrix RAFI 40
securities recorded in the register on Friday,            30 May 2014 in respect of
the month of May 2014 as follows:

An aggregate amount of 1.83000              cents   (R0.01830)   per   Satrix     RAFI   40
security constituted as follows:

         Net Local dividend per security (1)             0.17009
         Dividend withholding tax on local
         dividend (15%)                                  0.03002
         Net Foreign dividend per security (2)           1.35754
         Dividend withholding tax on foreign
         dividend (15%)                                  0.23957
         Interest                                        0.03278
         TOTAL DISTRIBUTION                              1.83000

     1   Gross dividend (cents per security)             0.20011
         Gross STC credits                                       -
                                                         0.20011
         Dividend withholding tax (15% on
         taxable dividend)                              -0.03002

         Gross dividend (cents per security)             0.20011
         Dividend withholding tax (15% on               -0.03002
         taxable dividend)
         Net dividend per security                       0.17009

     2   NET FOREIGN DIVIDEND (Foreign-dual
         listed shares)
         Gross dividend (cents per security)             1.59711
         Dividend withholding tax (15% on               -0.23957
         taxable dividend)
         Net dividend per security                       1.35754

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, 30 May 2014 (the “record date”) and be effected on Tuesday, 10
June 2014.

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 2014:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of June 2014 by
the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:                Friday, 20   June   2014
Securities trade “ex” distribution:                  Monday, 23   June   2014
Record date:                                         Friday, 27   June   2014
Announcement of distribution amount                   Friday, 4   July   2014
for June 2014, together with salient
dates for July 2014 by:

Sandton
3 June 2014

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

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