DBXJP - Distribution Announcement - Six Months Ended 30 June 2014 db x-trackers MSCI Japan Index ETF JSE code: DBXJP ISIN: ZAE000115176 (“dbx Japan”) A portfolio in the db x-trackers Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. DISTRIBUTION ANNOUNCEMENT – SIX MONTHS ENDED 30 JUNE 2014 The manager and trustee have resolved to make a distribution to holders of dbx Japan securities recorded in the register on Friday, 27 June 2014 in respect of the six months ended 30 June 2014. Details of the distribution are set out below: - The distribution payable to holders will be an amount in ZAR equivalent to JPY 0.38033 (three eight point zero three three sen) per dbx Japan security (the “JPY distribution amount”). - The JPY distribution amount will be converted to ZAR at the exchange rate prevailing on or about Wednesday, 23 July 2014, details of which will be released on SENS on or about Thursday, 24 July 2014. - The distribution will be paid to holders on or about Monday, 28 July 2014. The JPY distribution amount (which represents a pro rata portion of the distributable income of the portfolio) has been calculated after deduction of any foreign withholding tax payable by db x- trackers on dividends. Foreign withholding tax as a percentage of gross foreign dividends is equal to 15.36%. The JPY distribution amount of JPY 0.38033 per dbx Japan security is calculated as follows: - Gross foreign dividends of JPY 0.82822 (eight two point eight two two sen); - Less: Foreign Withholding tax of JPY 0.12723 (one two point seven two three sen); - Plus: Interest and equalisation of JPY 0.00038 (zero point zero three eight sen); - Less: Management fee of JPY 0.32104 (three two point one zero four sen). The information set out above is published for information purposes only. Holders should contact their tax advisers with regard to the applicable tax treatment of the JPY distribution amount and the withholding tax. 17 July 2014 Manager db x-trackers (Proprietary) Limited Trustee The Standard Bank of South Africa Limited Sponsor Vunani Corporate Finance Date: 17/07/2014 10:31:00 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.