SCIB: The Standard Bank Of South Africa Limited – REIT Distribution announcement in relation to the GRT share-GRTSIL The Standard Bank of South Africa Limited Share Code: GRTSIL ISIN Code: ZAE000196200 09/04/2015 SPECIAL REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE GRT SHARE INSTALMENT Notice is hereby given that as a result of the Special REIT distribution declaration relating to Growthpoint Properties Ltd (GRT) shares, the holders of GRTSIL share instalments will receive a Growthpoint Properties Ltd (GRT) Special REIT distribution of 44.50 cents (gross) per Instalment. As per the Growthpoint SENS announcement issued on 01/04/2015: Dividends received by or accrued to South African tax residents must be included in the gross income of such shareholders and will not be exempt from the income tax in terms of the exclusion to the general dividend exemption contained in section 10(1)(k)(i)(aa) of the Income Tax Act, because they are dividends distributed by a REIT. These dividends are however exempt from dividend withholding tax (Dividend Tax) in the hands of South African resident shareholders provided that the South African resident shareholders have provided to the Central Securities Depository Participant (CSDP) or broker, as the case may be, in respect of uncertificated shares, or the company, in respect of certificated shares, a DTD(EX) (Dividend Tax: Declaration and undertaking to be made by the beneficial owner of a share) form to prove their status as South African residents. Dividends received by non-resident shareholders from a REIT will not be taxable as income and instead will be treated as ordinary dividends which are exempt from income tax in terms of the general dividend exemption section 10(1)(k) of the Income Tax Act. With effect from 1 January 2014, any dividend received by a non-resident from a REIT is subject to Dividend Tax at 15%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA) between South Africa and the country of residence of the non- resident shareholder. Assuming Dividend Tax will be withheld at a rate of 15%, the net amount due to non-resident shareholders is 37,82500 cents per share. A reduced dividend withholding tax rate in terms of the applicable DTA may only be relied on if the non-resident shareholder has provided the following forms to their CSDP or broker, as the case may be, in respect of uncertificated shares, or the company, in respect of certificated shares: - a declaration that the dividend is subject to a reduced rate as a result of the application of the DTA; and - a written undertaking to inform the CSDP broker or the company, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner cease to be the beneficial owner, both in the form prescribed by the Commissioner of the South African Revenue Services. Last date to trade cum REIT distribution Friday, 17/04/2015 Ex-REIT distribution Date Monday, 20/04/2015 Record Date Friday, 24/04/2015 Payment Date Monday, 28/04/2015 This notice should be read together with the Common Terms Document, Conditions Annexure and relevant Supplement which collectively record the terms and conditions of the agreement between the Issuer and Warrant holders. Date: 09/04/2015 02:06:00 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.