Distribution Finalisation Announcement – Quarter Ended 31 December 2015 - STXSWX Satrix Collective Investment Scheme 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 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 Swix Top 40 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 5.91 cents (R0.0591) per Satrix Swix Top 40 security constituted as follows: Net Local dividend per security (1) 3.75459 Dividend withholding tax on local dividend (15%) 0.66258 Net Foreign dividend per security (2) 0.56301 Dividend withholding tax on foreign dividend (15%) 0.09936 Foreign dividend (0% SA tax) (3) 0.42072 REIT dividend (4) 0.40974 TOTAL DISTRIBUTION 5.91000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 4.41717 Dividend withholding tax (15% on taxable dividend) - 0.66258 Net dividend per security 3.75459 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 0.66237 Dividend withholding tax (15% on taxable dividend) - 0.09936 Net dividend per security 0.56301 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend (cents per security) 0.77426 Foreign dividends withholding tax (32.75% on taxable - 0.25357 dividend) 0.52069 Less portfolio costs - 0.09997 Distributable dividend 0.42072 SA Dividend withholding tax Gross dividend 0.77426 Less portfolio costs - 0.09997 0.67429 SA DWT 0.10114 SA tax 0.10114 cents (15%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N) 4 REIT DIVIDEND Gross REIT dividend 0.40974 Dividend withholding tax (15% applicable to foreign holders) - 0.06146 Net REIT dividend 0.34828 No dividend tax is applicable for SA resident securities holders on 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 26 January 2016 to all holders of Satrix Swix Top 40 securities recorded in the register on Thursday, 31 December 2015. 19 January 2016 Sponsor: Vunani Corporate Finance Date: 19/01/2016 03:57:00 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.