Distribution Finalisation Announcement - Quarter Ended 31 December 2014- STXSWX SATRIX SWIX TOP 40 PORTFOLIO JSE code: STXSWX ISIN code: ZAE000078580 ("Satrix Swix Top 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 Swix Top 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 5.14 cents (R0.0514) per Satrix Swix Top 40 security constituted as follows: Net Local dividend per security (1) 3.62454 Dividend withholding tax on local dividend (15%) 0.58995 Net Foreign dividend per security (2) 0.44666 Dividend withholding tax on foreign dividend (15%) 0.07882 Foreign dividend (3) 0.31651 Interest 0.04601 Other(scrip lending income) 0.03751 TOTAL DISTRIBUTION 5.14000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 4.21449 Gross STC credits -0.28149 3.93300 Dividend withholding tax (15% on taxable dividend) 0.58995 Gross dividend (cents per security) 4.21449 Dividend withholding tax (15% on taxable dividend) -0.58995 Net dividend per security 3.62454 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 0.52548 Dividend withholding tax (15% on taxable dividend) -0.07882 Net dividend per security 0.44666 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend 0.57422 Foreign Dividends withholding tax -0.18585 0.38837 Less portfolio costs -0.07186 Distributable dividend 0.31651 SA Dividend withholding tax Gross dividend 0.57422 Less portfolio costs -0.07186 0.50236 SA DWT 0.07535 SA tax 0.07535 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 Swix Top 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.