STANLIB COLLECTIVE INVESTMENTS LTD - Distribution Announcement - STAN40

Distribution Announcement - STAN40

STANLIB TOP 40 FUND
(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")


DISTRIBUTION ANNOUNCEMENT

Holders of STANLIB40 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 24.77000 cents per STANLIB40 ETF security. The
distribution will be constituted as follows:

Gross Dividend(local to be taxed)    :   9.39000   cents
STC credits                          :   0.45000   cents
Local Tax (15%)                      :   1.34100   cents
Net dividend                         :   8.04900   cents
Gross Dividend(foreign-dual)to
be taxed                             :   15.35000 cents
SA tax applicable
(15 %)                               :   2.30250 cents
Net Dividend                         :   13.04750 cents
Interest                             :   0.03000 cents
Withholding Tax deducted for
Non-Residents (15%): 0.00450 cents
Net interest for Non-Residents       :   0.02550 cents


Income Tax number: 528816169

The Security Holders(Residents) who are not exempt from dividend
tax will receive the Net Dividend of 21.09650 cents per
security.
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

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