PREFTX - Distribution Finalisation Announcement Grindrod PrefTrax (formerly PrefTrax) Share code: PREFTX ISIN: ZAE000185658 ("PrefTrax") A portfolio in the Grindrod Index Tracker Collective Investment Scheme (formerly Property Index Tracker Collective Investment Scheme) registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by Grindrod Index Tracker Managers (RF) Proprietary Limited (formerly Property Index Tracker Managers Proprietary Limited) DISTRIBUTION FINALISATION ANNOUNCEMENT Holders of PrefTrax securities are advised that a distribution will be made in respect of the quarter ended 30 June 2014. The distribution of 24.78799 cents per PrefTrax Security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 16.72419 cents Dividends Withholding Tax (15%) 2.50863 cents Resultant net dividend 14.21556 cents Dividend (local) (subject to STC credits of 15% i.e. exempt from tax) (gross) 3.61926 cents STC Credits 3.61926 cents Resultant net dividend 3.61926 cents Dividend (foreign) (to be taxed at 15%)(gross) 3.17183 cents Dividends Withholding Tax (15%) 0.47577 cents Resultant net dividend 2.69606 cents Interest 1.27271 cents The distribution will be made to all holders of PrefTrax securities who were recorded in the register on 27 June 2014 and will be paid on Friday, 11 July 2014. 9 July 2014 Sponsor Grindrod Bank Limited Date: 09/07/2014 05:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.