Distribution Announcement - Revised - 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 - REVISED 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(paid on cash held in bank account, no WTI applicable) : 0.03000 cents Income Tax number: 9528816169 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 27 March 2015 Sponsor The Standard Bank of South Africa Limited Date: 27/03/2015 02:55:00 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.