STANLIB COLLECTIVE INVESTMENTS LIMITED - Distribution announcement -STPROP

Distribution announcement -STPROP

STANLIB SA PROPERTY ETF
("STANPROP")(being a portfolio under the STANLIB ETF Collective Investment
Scheme registered in the Republic of South Africa in terms of Collective
Investment Schemes Control Act, 45 of 2002 (“CISCA”))
Share Code: STPROP
Abbreviated Name: STANPROP
ISIN: ZAE000175576
("STANPROP")
Income Tax number: 9046217239


DISTRIBUTION ANNOUNCEMENT

Holders of STANPROP securities ("Securities Holders") are referred to the
announcement dated Tuesday, 01 March 2016 setting out details of a possible
quarterly distribution by the ETF to Securities Holders.

Further to the above-mentioned announcement, the manager of the STANLIB ETF
Collective Investment Scheme (“the Manager”) has resolved to make a quarterly
distribution to Securities Holders for the quarter ended 31 March 2016 ("the
Distribution") in an amount of 64.45000 cents per STANPROP ETF security. The
distribution will be constituted as follows:

Gross Dividend(foreign-dual)to be taxed   :     18.56000 cents
SA tax applicable             (15   %)    :      2.78400 cents
Net Dividend                              :     15.77600 cents

Gross REIT Distribution                   :    44.97000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)     :       6.74550 cents
Net dividend                              :      38.22450 cents

Interest Payment(paid on cash held in bank account, no WTI
applicable)                               :     0.92000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 15.77600 cents per security as well as REIT
Distribution of 44.97000 cents.

The Distribution will be made to all Securities Holders recorded in the
register on Friday, 01 April 2016 and will be paid on Friday, 15 April
2016.

Johannesburg
29 March 2016

Sponsor
The Standard Bank of South Africa

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