SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution and Re-investment Announcement for December 2014 and Salient Dates for January 2015 -STXRAF

Distribution and Re-investment Announcement for December 2014 and Salient Dates for January 2015 -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 DECEMBER 2014 AND SALIENT
DATES FOR JANUARY 2015

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, 24 December 2014 in
respect of the month of December 2014 as follows:

An aggregate amount of 0.89 cents (R 0.0089) per Satrix RAFI 40 security
constituted as follows:

         Net Local dividend per security (1)                     0.34998
         Dividend withholding tax on local dividend (15%)        0.06176
         Net Foreign dividend per security (2)                   0.40162
         Dividend withholding tax on foreign dividend (15%)      0.07087
         Interest                                                0.00577
         TOTAL DISTRIBUTION                                      0.89000

     1   NET LOCAL DIVIDEND


         Gross dividend (cents per security)                     0.41174
         Gross STC credits                                             -
                                                                 0.41174


         Dividend withholding tax (15% on taxable dividend)     -0.06176


         Gross dividend (cents per security)                     0.41174
         Dividend withholding tax (15% on taxable dividend)     -0.06176

         Net dividend per security                               0.34998


     2 NET FOREIGN DIVIDEND (Foreign-dual listed shares)

         Gross dividend (cents per security)                     0.47249
         Dividend withholding tax (15% on taxable dividend)     -0.07087
         Net dividend per security                               0.40162


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
Wednesday, 24 December 2014 and be effected on 16 January 2015.

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 JANUARY 2015:
Notice is hereby given that the following dates are of importance in
regard to a possible monthly distribution for the month of January 2015
by the ETF to holders of Satrix Rafi 40 securities:

Last day to trade “cum” distribution:             Friday,   23 January   2015
Securities trade “ex” distribution:               Monday,   26 January   2015
Record date:                                      Friday,   30 January   2015
Announcement of distribution amount               Friday,   6 February   2015
for January 2015, together with
salient dates for February 2015 by:

Sandton

09 January 2015

Sponsor:
Vunani Corporate Finance

Manager:
Satrix Managers (RF) Proprietary Limited

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