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

Distribution Finalisation Announcement - Quarter Ended 31 March 2015 - STXIND

Satrix Managers (RF) (Pty) Ltd
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")

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 Indi
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 12.33 cents (R0.1233) per Satrix Indi security
constituted as follows:

     Net Local dividend per security (1)                           5.68542
     Dividend withholding   tax on local dividend (15%)            0.85766
     Net Foreign dividend   per security (2)                       4.68606
     Dividend withholding   tax on foreign dividend (15%)          0.82695
     Other (scrip lending   income)                                0.27391
     TOTAL DISTRIBUTION                                           12.33000

 1   NET LOCAL DIVIDEND
     Gross dividend (cents per security)                           6.54308
     Gross STC credits                                           - 0.82535
                                                                   5.71773


     Dividend withholding tax (15% on taxable dividend)          - 0.85766


     Gross dividend (cents per security)                           6.54308
     Dividend withholding tax (15% on taxable dividend)          - 0.85766
     Net dividend per security                                     5.68542

2    NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                           5.51301
     Dividend withholding tax (15% on taxable dividend)          - 0.82695
     Net dividend per security                                     4.68606


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 29 April 2015 to all holders of Satrix Indi
securities recorded in the register on Friday, 27 March 2015.

21 April 2015

Sponsor:
Vunani Corporate Finance

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