Distribution Finalisation Announcement - Quarter Ended 30 June 2015 - STXFIN Satrix Managers (RF) (Pty) Ltd SATRIX FINI PORTFOLIO JSE code: STXFIN ISIN Code: ZAE000036356 ("Satrix Fini") 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 Fini securities recorded in the register Friday, 26 June 2015 in respect of the quarter ended 30 June 2015 as follows: An aggregate amount of 29.88 cents (R0.2988) per Satrix Fini security constituted as follows: Net Local dividend per security (1) 16.54157 Dividend withholding tax on local dividend (15%) 2.87128 Net Foreign dividend per security (2) 5.42883 Dividend withholding tax on foreign dividend (15%) 0.95803 Foreign dividend (0% SA tax)(3) 1.50871 REIT distribution (4) 2.55527 Other (scrip lending income) 0.01631 TOTAL DISTRIBUTION 29.88000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 19.41285 Gross STC credits -0.27099 19.14186 Dividend withholding tax (15% on taxable dividend) 2.87128 Gross dividend (cents per security) 19.41285 Dividend withholding tax (15% on taxable dividend) -2.87128 Net dividend per security 16.54157 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 6.38686 Dividend withholding tax (15% on taxable dividend) -0.95803 Net dividend per security 5.42883 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend (cents per security) 2.12529 Foreign Dividends withholding tax (20%) -0.42506 1.70023 Less portfolio costs -0.19152 Distributable dividend 1.50871 SA Dividend withholding tax Gross dividend 2.12529 Less portfolio costs -0.19152 1.93377 SA DWT 0.29007 SA tax 0.29007 cents (15%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N). 4 REIT DISTRIBUTION Gross REIT distribution 2.55527 Dividend withholding tax (15% - applicable to foreign holders) -0.38329 Net REIT distribution 2.17198 No dividend tax is applicable for SA resident securities holders on the 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 Fini 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.