Distribution and Re-investment Announcement for October 2014 and Salient Dates for November 2014 - STXRAF SATRIX RAFI 40 JSE code: STXRAF ISIN: ZAE000126033 A portfolio in the Satrix Collective Investment Scheme (“Satrix”), registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002. DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR OCTOBER 2014 AND SALIENT DATES FOR NOVEMBER 2014 Investors are advised that the Manager and Trustee of Satrix (being Satrix Managers (RF) Proprietary Limited and Standard Chartered Bank, respectively) have declared a distribution to holders of Satrix RAFI 40 securities recorded in the register on Friday, 31 October 2014 in respect of the month of October 2014 as follows: An aggregate amount of 3.69 cents (R 0.0369) per Satrix RAFI 40 security constituted as follows: Net Local dividend per security (1) 2.29924 Dividend withholding tax on local 0.39956 dividend (15%) Net Foreign dividend per security (2) 0.50870 Dividend withholding tax on foreign 0.08977 dividend (15%) Foreign Dividend (0% SA Tax) (3) 0.35317 Interest 0.03956 TOTAL DISTRIBUTION 3.69000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 2.69880 Gross STC credits -0.03504 2.66376 Dividend withholding tax (15% on -0.39956 taxable dividend) Gross dividend (cents per security) 2.69880 Dividend withholding tax (15% on -0.39956 taxable dividend) Net dividend per security 2.29924 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 0.59847 Dividend withholding tax (15% on -0.08977 taxable dividend) Net dividend per security 0.50870 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend (cents per security) 0.66673 Foreign Dividends withholding tax -0.23335 (20%) Gross Dividend received by portfolio 0.43337 Less portfolio costs -0.08020 Distributable dividend 0.35317 SA Dividend withholding tax Gross dividend 0.66673 Less portfolio costs -0.08020 0.58653 SA DWT 0.08798 SA tax 0.08798 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 made in respect of holders recorded in the register on Friday, 31 October 2014 (the “record date”) and be effected on 14 November 2014. In accordance with the investment policy of Satrix RAFI 40 the distribution (excluding the dividends tax as detailed above) will be re- invested on behalf of investors through the purchase of securities comprising the FTSE/JSE RAFI 40 Index in accordance with the calculation methodology of the total return version of this Index, thereby increasing the net asset value of Satrix RAFI 40 and, proportionately, each Satrix RAFI 40 security. The distribution (excluding the dividend tax as detailed above) will: - where Satrix RAFI 40 securities are held on capital account be added to the base cost of each Satrix RAFI 40 security for capital gains tax purposes; or - where Satrix RAFI 40 securities are held as trading stock be regarded as part of the cost of acquiring a Satrix RAFI 40 security. SALIENT DATES FOR NOVEMBER 2014: Notice is hereby given that the following dates are of importance in regard to a possible monthly distribution for the month of November 2014 by the ETF to holders of Satrix Rafi 40 securities: Last day to trade “cum” distribution: Friday, 21 November 2014 Securities trade “ex” distribution: Monday, 24 November 2014 Record date: Friday, 28 November 2014 Announcement of distribution amount Tuesday, 2 December 2014 for November 2014, together with salient dates for December 2014 by: Sandton 7 November 2014 Sponsor: Vunani Corporate Finance Manager: Satrix Managers (RF) Proprietary Limited Date: 07/11/2014 05:00:00 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. 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