SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 31 December 2015 - STXFIN

Distribution Finalisation Announcement – Quarter Ended 31 December 2015 - STXFIN

Satrix Collective Investment Scheme
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 31 DECEMBER 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 on Thursday, 31 December 2015 in
respect of the quarter ended 31 December 2015 as follows:

An aggregate amount of 12.12 cents (R0.1212) per Satrix Fini security
constituted as follows:

      Net Local dividend per security (1)                           5.67769
      Dividend withholding tax on local dividend (15%)              1.00195
      Net Foreign dividend per security (2)                         3.80873
      Dividend withholding tax on foreign dividend (15%)            0.67213
      Foreign dividend (0% SA tax)(3)                               0.82022
      Interest (positive cash balances) (a)                         0.13928
      TOTAL DISTRIBUTION                                           12.12000


  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)                           6.67964
      Dividend withholding tax (15% on taxable dividend)          - 1.00195
      Net dividend per security                                     5.67769

  2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)
      Gross dividend (cents per security)                           4.48086
      Dividend withholding tax (15% on taxable dividend)          - 0.67213
      Net dividend per security                                     3.80873


  3   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
      Gross dividend (cents per security)                           1.22754
      Foreign dividend withholding tax (20%)                      - 0.24551
                                                                    0.98203
      Less portfolio costs                                        - 0.16181
      Distributable dividend                                        0.82022
     SA Dividend withholding tax
     Gross dividend                                                 1.22754
     Less portfolio costs                                         - 0.16181
                                                                    1.06573
     SA DWT                                                         0.15986
 
     SA tax 0.15986 cents (15%)will not be deducted as
     foreign dividend withholding tax has already been
     deducted (SECTION 64N)


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 26 January 2016 to all holders of Satrix Fini
securities recorded in the register on Thursday, 31 December 2015.

19 January 2016

Sponsor:
Vunani Corporate Finance

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