SATRIX COLLECTIVE INVESTMENT SCHEME - CANCELLATION OF S346700 STXFIN - Distribution Finalisation Announcement - Quarter Ended 30 June 2014

CANCELLATION OF S346700 STXFIN - Distribution Finalisation Announcement - Quarter Ended 30 June 2014

SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 30 JUNE 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 Fini
securities recorded in the register Friday, 27 June 2014 in respect of the
quarter ended 30 June 2014 as follows:

An aggregate amount of 27.77000 cents (R0.27770) per Satrix Fini security
constituted as follows:

     Net Local dividend per security (1)           15.46881
     Dividend withholding   tax on local            2.72903
     dividend (15%)
     Net Foreign dividend   per security (2)        5.35080
     Dividend withholding   tax on foreign          0.94426
     dividend (15%)
     Foreign Dividend (0%   SA Tax) (3)             1.16972
     REIT Distribution                              1.99947
     Other                                          0.10791
     TOTAL DISTRIBUTION                            27.77000

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)           18.19784
     Gross STC credits                             -0.00428
                                                   18.19356


     Dividend withholding tax (15% on              -2.72903
     taxable dividend)

     Gross dividend (cents per security)           18.19784
     Dividend withholding tax (15% on              -2.72903
     taxable dividend)
     Net dividend per security                     15.46881

 2   NET FOREIGN DIVIDEND (Foreign-dual
     listed shares)
     Gross dividend (cents per security)            6.29506
     Dividend withholding tax (15% on              -0.94426
     taxable dividend)
     Net dividend per security                      5.35080
 3   NET FOREIGN DIVIDEND NOT TAXED (S64N
     rebate)
     Gross Dividend                                   1.81769
     Foreign Dividends withholding tax (20%)         -0.36354
     Gross Dividend received by portfolio             1.45415
     Less portfolio costs                            -0.28443
     Distributable dividend                           1.16972



     SA Dividend withholding tax
     Gross dividend                                   1.81769
     Less portfolio costs                            -0.28443
                                                      1.53326
     SA DWT                                           0.22999


     SA tax 0.22999 cents (15%) will not be deducted as
     foreign dividend withholding tax has already been
     deducted (SECTION 64N).

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 Friday, 18 July 2014 to all holders of Satrix
Fini securities recorded in the register on Friday, 27 June 2014.

11 July 2014

Sponsor:
Vunani Corporate Finance

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