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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 30 September 2014 - STX40

Release Date: 09/10/2014 13:00
Code(s): STX40     PDF:  
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Distribution Finalisation Announcement - Quarter Ended 30 September 2014 - STX40

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 SEPTEMBER 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 40
securities recorded in the register on Friday, 26 September 2014 in respect
of the quarter ended 30 September 2014 as follows:

An aggregate amount of 38.68000 cents (R0.38680) per Satrix 40 security
constituted as follows:

     Net Local dividend per security (1)           12.60012
     Dividend withholding tax on local              2.22277
     dividend (15%)
     Net Foreign dividend per security (2)         19.07329
     Dividend withholding tax on foreign            3.36588
     dividend (15%)
     REIT Dividend (4)                              1.20180
     Other                                          0.21614
     TOTAL DISTRIBUTION                            38.68000

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)           14.82289
     Gross STC credits                             -0.00442
                                                   14.81847


     Dividend withholding tax (15% on              -2.22277
     taxable dividend)

     Gross dividend (cents per security)           14.82289
     Dividend withholding tax (15% on              -2.22277
     taxable dividend)
     Net dividend per security                     12.60012

 2   NET FOREIGN DIVIDEND (Foreign-dual
     listed shares)
     Gross dividend (cents per security)           22.43917
     Dividend withholding tax (15% on              -3.36588
     taxable dividend)
     Net dividend per security                     19.07329
 3   REIT DIVIDEND


     Gross REIT Dividend                              1.20180
     Dividend Withholding tax                        -0.18027
     (No dividend tax applicable to foreign
     holders)
     Net REIT Dividend                                1.02153

      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 16 October 2014 to all holders of Satrix 40
securities recorded in the register on Friday, 26 September 2014.

09 October 2014

Sponsor:
Vunani Corporate Finance

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