Distribution Announcement - STANPROP STANLIB SA PROPERTY ETF ("STANPROP")(being a portfolio under the STANLIB ETF Collective Investment Scheme registered in the Republic of South Africa in terms of Collective Investment Schemes Control Act, 45 of 2002 (“CISCA”)) Share Code: STPROP Abbreviated Name: STANPROP ISIN: ZAE000175576 ("STANPROP") DISTRIBUTION ANNOUNCEMENT Holders of STANPROP securities ("Securities Holders") are referred to the announcement dated Monday, 02 March 2015 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 March 2015 ("the Distribution") in an amount of 43.89000 cents per STANPROP ETF security. The distribution will be constituted as follows: Gross Dividend(local to be taxed) : 14.21000 cents Local Tax (15%) : 2.13150 cents Net dividend : 12.07850 cents Gross REIT Distribution : 21.46000 cents (No Dividend Withholding Tax deducted for SA resident securities holders) Non-residents: Local Dividends Withholding Tax (15%): 3.21900 cents Net dividend : 18.24100 cents Capital payment : 7.99000 cents Interest Payment : 0.23000 cents Withholding Tax deducted for Non-Residents (15%): 0.03450 cents Net interest for Non-Residents : 0.1955 cents The Security Holders (Residents) who are not exempt from dividend tax will receive the Net Dividend of 12.07850 cents per security as well as REIT Distribution of 21.46 cents. Income Tax number: 9046217239 The Distribution will be made to all Securities Holders recorded in the register on Friday, 27 March 2015 and will be paid on Friday, 10 April 2015. Johannesburg 23 March 2015 Sponsor The Standard Bank of South Africa Limited Date: 23/03/2015 12:53:00 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.