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NEWFUNDS COLLECTIVE INVEST SCHEME - GIVFIN; GIVIND; GIVRES; GIVISA; NEWFSA and NFSH40 - Distribution for the quarter ended 31 December 2015

Release Date: 15/01/2016 09:02
Code(s): NFSH40 NEWFSA GIVIND GIVISA GIVRES GIVFIN     PDF:  
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GIVFIN; GIVIND; GIVRES; GIVISA; NEWFSA and NFSH40 - Distribution for the quarter ended 31 December 2015

NEWFUNDS S&P GIVI SA FINANCIALS INDEX ETF
Share code: GIVFIN
ISIN: ZAE000205258

NEWFUNDS S&P GIVI SA INDUSTRIAL INDEX ETF
Share code: GIVIND
ISIN: ZAE000205241

NEWFUNDS NEWSA INDEX PORTFOLIO
Share code: NEWFSA
ISIN: ZAE000104055

NEWFUNDS S&P GIVI SA RESOURCES INDEX ETF
Share code: GIVRES
ISIN: ZAE000205233

NEWFUNDS S&P GIVI SA TOP 50 INDEX ETF
Share code: GIVISA
ISIN: ZAE000205225

NEWFUNDS SHARIAH TOP 40 INDEX ETF
Share code: NFSH40
ISIN: ZAE000130431

Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and
managed by NewFunds Proprietary Limited. (Registration Number 2005/034899/07)

DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015
Further to the announcement published on Thursday, 03 December 2015, a distribution has been declared today, Friday 15 January 2016 to holders of ETF securities
("investors") recorded in the register on Thursday, 24 December 2015, for the quarter ended 31 December 2015 as follows:


Alpha code         Dividend/       Foreign/          Gross             Subject to             *Withholding        Net
                   Interest        Local             Distribution      Withholding tax         Tax (%)            Distribution
                                                    (Cents per unit)   Yes/ No                                   (Cents per unit)



NEWFSA              Interest       Local             0.44091           No                                          0.44091
                    Dividend       Local             28.02980          Yes                     15                  23.82533
                                                     28.47071                                                      24.26624

NFSH40              Interest       Local             0.00000           No                                          0.00000
                    Dividend       Local             1.81325           Yes                     15                  1.54126
                                                     1.81325                                                       1.54126

GIVFIN              Interest       Local             0.10499           No                                          0.10499
                    Dividend       Local             23.57177          Yes                     15                  20.03600
                    Dividend       Foreign (Other)   6.02887           Yes                     15                  5.12454
                    Dividend       Foreign (ITU)*    5.88962           No                                          5.88962
                    Dividend       REITs**           5.34934           Yes                   **15                  4.54694
                                                     40.94459                                                      35.70209

GIVIND              Interest       Local             0.61180           No                                          0.61180
                    Dividend       Local             35.56458          Yes                     15                  30.22989
                                                     36.17638                                                      30.84169

GIVRES              Interest       Local             0.00000           No                                          0.00000
                    Dividend       Local             0.00000           Yes                     15                  0.00000
                    Dividend       Foreign (Other)   0.00000           Yes                     15                  0.00000
                                                     0.00000                                                       0.00000

GIVISA              Interest       Local             0.23264           No                                          0.23264
                    Dividend       Local             21.32594          Yes                     15                  18.12705
                    Dividend       Foreign (ITU)*    1.72590           No                                          1.72590
                    Dividend       Foreign (Other)   1.94513           Yes                     15                  1.65336
                    Dividend       REITs**           1.90022           Yes                  **15                   1.61519
                                                     27.12983                                                      23.35414


The distribution will be paid on Wednesday, 20 January 2016 to all securities holders recorded on the register on Thursday, 24 December 2015.

Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Interest accruing from a South African source to a non-resident, excluding a controlled foreign company, will be subject to withholding tax at a rate of 15% on payment, except interest,

• arising on any Government debt instrument
• arising on any listed debt instrument
• arising on any debt owed by a bank or the South African Reserve Bank
• arising from a bill of exchange or letter of credit where goods are imported into South Africa and where an authorized dealer has certified such on the instrument
• payable by a headquarter company
• accruing to a non-resident natural person who was physically present in South Africa for a period exceeding 183 days in aggregate, during that year, or carried on a business through a
  permanent establishment in South Africa

Investors are advised that to the extent that the distribution amount comprise of any interest, it will not be subject to WTI by virtue of the fact that it is listed debt instruments and/or
bank debt.

Holders of Shariah ETF securities
Holders of Shariah ETF securities (“investors”) are advised that the appropriate purification of dividends, through the donation of 5% of the dividends to charity, needs to be effected by each
investor. Absa Islamic Banking's Shari'ah Supervisory Board (''SSB'') has provided the following list of approved charitable institutions. The list is not exhaustive and it is therefore not obligatory
to use one of the specified charities:
1. Al Furqaan Orphanage (Gauteng)
2. Gift of the Givers (RSA)
3. SANZAF (RSA)
4. Africa Muslims Agency (RSA)
5. Al-Imdaad Foundation
6. Muslim Hands (RSA)
7. Islamic Relief Agency (RSA)
8. Bait-ul-Khair (Gauteng)
9. TIBA Services for the Blind (Gauteng)
10. Mustadafin Foundation (www.mustadafin.com)

Investors should seek advice from their tax advisor on whether the tax and rate shown is applicable to them.
* Intuprop (ITU) is a UK Real Estate Investment Trust. The dividends received have been subject to a 20% withholding tax
South African tax resident investors relating to REITs
** The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend
exemption in section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto which provides that dividends distributed by a
REIT are not exempt from income tax.

No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for exemption from dividend withholding tax provided that the
investor has provided the following forms to their Central Securities Depository Participant (“CSDP”) or broker, as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the exemption change or the beneficial owner cease to be the
beneficial owner, both in the form prescribed by the South African Revenue Service. South African tax resident investors are advised to contact their CSDP or broker, as the case may be, to arrange
for the abovementioned documents to be submitted prior to payment of the distribution, if such documents have not already been submitted.

Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of section 10(1)(k)(i) of the Act, but will be subject to dividend withholding tax.
Dividend withholding tax is levied at a rate of 15%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (“DTA”) between South
Africa and the country of residence of the non-resident investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident investor has provided the following forms to their CSDP or broker, as
the case may be in respect of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner cease to be the
beneficial owner, both in the form prescribed by the South African Revenue Service. Non-resident investors are advised to contact their CSDP or broker, as the case may be, to arrange for the
abovementioned documents to be submitted prior to the payment of the distribution if such documents have not already been submitted.

Both resident and non-resident investors are encouraged to consult their professional advisors should they be in any doubt as to the appropriate action to take.

Additional information:
                Number                Tax
                of securities         reference
                in issue              number
GIVFIN          647,216               9181003188
GIVIND          400,814               9005418224
GIVISA          1,957,255             9180010184
GIVRES          265,944               9619247167
NEWFSA          772,724               9004206224
NFSH40          9,375,446             9403872162

15 January 2016

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 15/01/2016 09:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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