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 Date: 21/04/2015 03:45:00 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.