Distribution Finalisation Announcement - Quarter Ended 31 December 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 31 DECEMBER 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 Wednesday, 24 December 2014 in respect of the quarter ended 31 December 2014 as follows: An aggregate amount of 21.21 cents (R0.2121) per Satrix 40 security constituted as follows: Net Local dividend per security (1) 11.36847 Dividend withholding tax on local dividend (15%) 1.85063 Net Foreign dividend per security (2) 3.17723 Dividend withholding tax on foreign dividend (15%) 0.56069 Foreign dividend (3) 3.83149 Interest 0.18782 Other (scrip lending income) 0.23367 TOTAL DISTRIBUTION 21.21000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 13.21910 Gross STC credits -0.88157 12.33753 Dividend withholding tax (15% on taxable dividend) 1.85063 Gross dividend (cents per security) 13.21910 Dividend withholding tax (15% on taxable dividend) -1.85063 Net dividend per security 11.36847 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 3.73792 Dividend withholding tax (15% on taxable dividend) -0.56069 Net dividend per security 3.17723 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend (cents per security) 7.21650 Foreign Dividends withholding tax -2.43832 4.77818 Less portfolio costs -0.94669 Distributable dividend 3.83149 SA Dividend withholding tax Gross dividend 7.21650 Less portfolio costs -0.94669 6.26981 SA DWT 0.94047 SA tax 0.94047 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 effected on Friday, 23 January 2015 to all holders of Satrix 40 securities recorded in the register on Wednesday, 24 December 2014. 16 January 2015 Sponsor: Vunani Corporate Finance Date: 16/01/2015 04:46:00 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.