STANDARD BANK OF SOUTH AFRICA LD - SCIB: The Standard Bank Of South Africa Limited REIT Distribution in relation to the GRT share - GRTSIJ

SCIB: The Standard Bank Of South Africa Limited – REIT Distribution in relation to the GRT share - GRTSIJ

The Standard Bank of South Africa Limited
Share Code: GRTSIJ
ISIN Code: ZAE000183018

03/09/2014

RIET DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE GRT SHARE INSTALMENT

Notice is hereby given that as a result of the REIT distribution declaration
relating to Growthpoint Properties Ltd (GRT) shares, the holders of GRTSIJ share
instalments will receive a Growthpoint Properties Ltd (GRT) REIT distribution of
82.8 cents (gross)per Instalment.

As per the Growthpoint SENS announcement issued on 29/08/2014:

Dividends received by or accrued to South African tax residents must be included
in the gross income of such shareholders and will not be exempt from the income
tax in terms of the exclusion to the general dividend exemption contained in
section 10(1)(k)(i)(aa) of the Income Tax Act because they are dividends
distributed by a REIT. These dividends are however exempt from dividend
withholding tax (Dividend Tax) in the hands of South African resident
shareholders provided that the South African resident shareholders have provided
to the Central Securities Depository Participant (CSDP) or broker, as the case
may be, in respect of uncertificated shares, or the company, in respect of
certificated shares, a DTD(EX) (Dividend Tax: Declaration and undertaking to be
made by the beneficial owner of a share) form to prove their status as South
African residents.

Dividends received by non-resident shareholders from a REIT will not be taxable
as income and instead will be treated as ordinary dividends which are exempt
from income tax in terms of the general dividend exemption section 10(1)(k) of
the Income Tax Act. It should be noted that up to 31 December 2013, dividends
received by non-residents from a REIT were not subject to Dividend Tax. With
effect from 1 January 2014, any dividend received by a non-resident from a REIT
will be subject to Dividend Tax at 15%, unless the rate is reduced in terms of
any applicable agreement for the avoidance of double taxation (DTA) between
South Africa and the country of residence of the non-resident shareholder.
Assuming Dividend Tax will be withheld at a rate of 15%, the net amount due to
non-resident shareholders is 70,38000 cents per share. A reduced dividend
withholding tax rate in terms of the applicable DTA may only be relied on if the
non-resident shareholder has provided the following forms to their CSDP or
broker, as the case may be, in respect of uncertificated shares, or the
company, in respect of certificated shares:

- a declaration that the dividend is subject to a reduced rate as a result of
the application of the DTA; and
- a written undertaking to inform the CSDP broker or the company, as the case
may be, should the circumstances affecting
 the reduced rate change or the beneficial owner cease to be the beneficial
owner, both in the form prescribed by the Commissioner of the South African
Revenue Services.

Last date to trade cum REIT Distribution Friday, 12/09/2014
Ex-REIT Distribution Date Monday, 15/09/2014
Record Date Friday, 19/09/2014
Payment Date Monday, 22/09/2014

For more details relating to this REIT Distribution please refer to the SENS
announcement issued by GROWTHPOINT PROPERTIES LIMITED on 29/08/2014
For further information contact:
Standard Bank Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Limited

This notice should be read together with the Common Terms Document, Conditions
Annexure and relevant Supplement which collectively record the terms and
conditions of the agreement between the Issuer and Warrant holders.

Date: 03/09/2014 11:10:00 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.