PTXTEN - Distribution Finalisation Announcement Grindrod PropTrax Ten (formerly PropTrax Ten) Share code: PTXTEN ISIN: ZAE000155362 ("PropTrax TEN") 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 PropTrax TEN securities are advised that a distribution will be made in respect of the quarter ended 30 June 2014. The distribution of 18.52297 cents per PropTrax TEN Security will be comprised as follows: Gross REIT Distribution 15.30373 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends withholding Tax (15%) 2.29556 cents Net dividend 13.00817 cents Interest 0.23773 cents Dividend (foreign)(to be taxed) 2.98151 cents Dividends Withholding Tax (15%) 0.44723 cents Net Dividend (foreign) 2.53428 cents The distribution will be made to all holders of PropTrax TEN 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 05:42:00 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.