Distribution Finalisation Announcement - Quarter Ended 30 June 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 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 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 32 cents (R0.32) per Satrix 40 security constituted as follows: Net Local dividend per security (1) 21.23964 Dividend withholding tax on local dividend (15%) 3.72241 Net Foreign dividend per security (2) 3.72340 Dividend withholding tax on foreign dividend (15%) 0.65707 Foreign dividend (0% SA tax) (3) 0.79896 REIT distribution (4) 1.44125 Other (scrip lending income) 0.41727 TOTAL DISTRIBUTION 32.00000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 24.96205 Gross STC credits - 0.14598 24.81607 Dividend withholding tax (15% on taxable dividend) - 3.72241 Gross dividend (cents per security) 24.96205 Dividend withholding tax (15% on taxable dividend - 3.72241 Net dividend per security 21.23964 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 4.38047 Dividend withholding tax (15% on taxable dividend) - 0.65707 Net dividend per security 3.72340 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend (cents per security) 1.22669 Foreign dividend withholding tax (20%) - 0.24534 0.98135 Less portfolio costs - 0.18239 Distributable dividend 0.79896 SA Dividend withholding tax Gross dividend 1.22669 Less portfolio costs - 0.18239 1.04430 SA DWT 0.15664 SA tax 0.15664 cents (15%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N). 4 REIT DISTRIBUTION Gross REIT distribution 1.44125 Dividend withholding tax (15% - applicable to foreign - 0.21619 holders) Net REIT distribution 1.22506 No dividend tax is applicable for SA resident securities holders on the REIT distribution. Dividend tax of 15 % is applicable for non-resident shareholders on the REIT distribution. 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 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.