STANLIB COLLECTIVE INVESTMENTS LTD - Distribution Announcement - STPROP

Distribution Announcement - STPROP

STANLIB SA PROPERTY ETF
(being a portfolio under the STANLIB ETF Collective Investment
Scheme registered in the Republic of South Africa in terms of Collective
Investment Schemes Control Act, 45 of 2002 (“CISCA”))
Share Code: STPROP
Abbreviated Name: STANPROP
ISIN: ZAE000175576
("STANPROP")

REVISED DISTRIBUTION ANNOUNCEMENT

Holders of STANPROP securities ("Securities Holders") are referred to the
announcement dated Monday, 01 June 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 30 June 2015 ("the
Distribution") in an amount of 113.07000 cents per STANPROP ETF security. The
distribution will be constituted as follows:

Gross Dividend(local to be taxed)            :   4.28000 cents
Local Tax    (15%)                           :   0.64200 cents
Net dividend                                 :   3.63800 cents

Gross REIT Distribution                      :   107.94000 cents
(No Dividend Withholding Tax deducted for
SA resident securities holders)

Non-residents:
Local Dividends Withholding Tax (15%)        :   16.19100 cents
Net dividend                                 :   91.74900 cents

Interest Payment(paid on cash held in bank
account, no WTI applicable)                  :    0.85000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 3.63800 cents per security as well as REIT
Distribution of 107.94 cents.

Income Tax number:   9046217239

The Distribution will be made to all Securities Holders recorded in the
register on Friday, 26 June 2015 and will be paid on Friday, 10 July
2015.

Johannesburg
24 June 2015

Sponsor
The Standard Bank of South Africa Limited

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