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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement - Quarter Ended 31 March 2015 - STX40

Release Date: 21/04/2015 15:45
Code(s): STX40     PDF:  
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Distribution Finalisation Announcement - Quarter Ended 31 March 2015 - STX40

Satrix Managers (RF) (Pty) Ltd
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 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 MARCH 2015

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 40
securities recorded in the register on Friday, 27 March 2015 in respect of
the quarter ended 31 March 2015 as follows:

An aggregate amount of    21.48     cents   (R0.2148)   per   Satrix   40    security
constituted as follows:

     Net Local dividend per security (1)                                      2.54849
     Dividend withholding tax on local dividend (15%)                         0.36564
     Net Foreign dividend per security (2)                                   15.60490
     Dividend withholding tax on foreign dividend (15%)                       2.75381
     Interest (positive cash balances) (a)                                    0.06900
     Other (scrip lending income)                                             0.13816
     TOTAL DISTRIBUTION                                                      21.48000


 a   No withholding tax on interest is applicable as interest
     has solely been earned from a South African Bank.

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)                                      2.91413
     Gross STC credits                                                      - 0.47653
                                                                              2.43760


     Dividend withholding tax (15% on taxable dividend)                     - 0.36564


     Gross dividend (cents per security)                                      2.91413
     Dividend withholding tax (15% on taxable dividend                      - 0.36564
     Net dividend per security                                                2.54849

 2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                                     18.35871
     Dividend withholding tax (15% on taxable dividend)                     - 2.75381

     Net dividend per security                                               15.60490
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 29 April 2015 to all holders of Satrix 40
securities recorded in the register on Friday, 27 March 2015.

21 April 2015

Sponsor:
Vunani Corporate Finance

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