Distribution Finalisation Announcement - Quarter Ended 30 June 2015 - STXSWX Satrix Managers (RF) (Pty) Ltd SATRIX SWIX TOP 40 PORTFOLIO JSE code: STXSWX ISIN code: ZAE000078580 ("Satrix Swix Top 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 30 JUNE 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 Swix Top 40 securities recorded in the register on Friday, 26 June 2015 in respect of the quarter ended 30 June 2015 as follows: An aggregate amount of 9.75 cents (R0.0975) per Satrix Swix Top 40 security constituted as follows: Net Local dividend per security (1) 7.02240 Dividend withholding tax on local dividend (15%) 1.23122 Net Foreign dividend per security (2) 0.67387 Dividend withholding tax on foreign dividend (15%) 0.11892 Foreign dividend (0% SA tax) (3) 0.13971 REIT distribution 0.45942 Interest (positive cash balances) (a) 0.00750 Other (scrip lending income) 0.09696 TOTAL DISTRIBUTION 9.75000 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) 8.25362 Gross STC credits - 0.04547 8.20815 Dividend withholding tax (15% on taxable dividend) 1.23122 Gross dividend (cents per security) 8.25362 Dividend withholding tax (15% on taxable dividend) - 1.23122 Net dividend per security 7.02240 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 0.79279 Dividend withholding tax (15% on taxable dividend) - 0.11892 Net dividend per security 0.67387 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend (cents per security) 0.20197 Foreign Dividends withholding tax (20%) - 0.04039 0.16158 Less portfolio costs - 0.02187 Distributable dividend 0.13971 SA Dividend withholding tax Gross dividend 0.20197 Less portfolio costs - 0.02187 0.18010 SA DWT 0.02702 SA tax 0.02702 cents (15%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N) 4 REIT DISTRIBUTION Gross REIT distribution 0.45942 Dividend withholding tax (15% - applicable to foreign holders) - 0.06891 0.39051 No dividend tax is applicable for SA resident securities holders on REIT. 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 23 July 2015 to all holders of Satrix Swix Top 40 securities recorded in the register on Friday, 26 June 2015. 16 July 2015 Sponsor: Vunani Corporate Finance Date: 16/07/2015 01:00:00 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.