Distribution finalisation announcement - quarter ended 30 June 2014 - updated for REIT calculation SATRIX 40 PORTFOLIO JSE code: STX40 ISIN code: ZAE000027108 ("Satrix 40") 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 - AMENDED 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 40 securities recorded in the register on Friday, 27 June 2014 in respect of the quarter ended 30 June 2014 as follows: An aggregate amount of 27.94000 cents (R0.27940) per Satrix 40 security constituted as follows: Net Local dividend per security (1) 18.58958 Dividend withholding tax on local 3.18717 dividend (15%) Net Foreign dividend per security (2) 3.57899 Dividend withholding tax on foreign 0.63159 dividend (15%) Foreign Dividend (0% SA Tax) (3) 0.60633 REIT Dividend (4) 1.13119 Other 0.21515 TOTAL DISTRIBUTION 27.94000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 21.77675 Gross STC credits -0.52898 21.24777 Dividend withholding tax (15% on -3.18717 taxable dividend) Gross dividend (cents per security) 21.77675 Dividend withholding tax (15% on -3.18717 taxable dividend) Net dividend per security 18.58958 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 4.21058 Dividend withholding tax (15% on -0.63159 taxable dividend) Net dividend per security 3.57899 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross Dividend 0.95531 Foreign Dividends withholding tax (20%) -0.19106 Gross Dividend received by portfolio 0.76425 Less portfolio costs -0.15792 Distributable dividend 0.60633 SA Dividend withholding tax Gross dividend 0.95531 Less portfolio costs -0.15792 0.79739 SA DWT 0.11961 SA tax 0.11961 cents (15%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N). 4 REIT DIVIDEND Gross REIT Dividend 1.13119 Dividend Withholding tax -0.16968 (15% - applicable to foreign holders) Net REIT Dividend 0.96151 No dividend tax is applicable for SA resident securities holders on the REIT dividend. Dividend tax of 15 % is applicable for non-resident shareholders on the REIT dividend. 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 40 securities recorded in the register on Friday, 27 June 2014. 11 July 2014 Sponsor: Vunani Corporate Finance Date: 11/07/2014 10:46:00 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.