STANLIB COLLECTIVE INVESTMENTS LTD - Distribution Announcment - STAN40

Distribution Announcment - STAN40

STANLIB TOP 40 FUND
("STANLIB40")(being a portfolio under the STANLIB ETF
CIS registered in the Republic of South Africa in terms of the Collective
Investment Schemes Control Act “CISCA”)
Share Code: STAN40
Abbreviated Name: STANLIB40
ISIN: ZAE000182432
("STAN40")
Income Tax number: 9528816169

DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 securities ("Securities Holders") are referred to the announcement 
dated Friday, 21 November 2014 setting out details of a possible quarterly distribution 
by the ETF to Securities Holders.

Further to the above-mentioned announcement, the manager of the STANLIB ETF Collective 
Investment Scheme(“the Manager”) has resolved to make a quarterly distribution to 
Securities Holders for the quarter ended 31 December 2014 ("the Distribution") in an 
amount of 24.41000 cents per STANLIB40 ETF security. The distribution will be constituted 
as follows:

Gross Dividend(local to be taxed)   :       19.75000 cents
STC credits                         :       1.16000 cents
Local Tax    (15%)                  :       2.78850 cents
Net dividend                        :       16.96150 cents

Gross REIT Distribution             :       1.53000 cents
(No Dividend Withholding Tax deducted
for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)       :     0.22950 cents
Net dividend                                :     1.30050 cents

Gross Dividend(foreign-dual)to be taxed     :     1.76000    cents
Foreign Tax Withheld          (6.81818%)    :     0.12000    cents
SA tax applicable             (8.18182%)    :     0.14400    cents
Net Dividend                                :     1.49600    cents

Capital payment                             :     1.20000 cents

Interest                                    :     0.29000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 19.98750 cents per security.


The Distribution will be made to all Securities Holders recorded in the
register on Wednesday, 24 December 2014 and will be paid on Friday, 09
January 2015.

Johannesburg
19 December 2014

Sponsor
The Standard Bank of South Africa Limited

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