SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 31 March 2016 - STXIND

Distribution Finalisation Announcement – Quarter Ended 31 March 2016 - STXIND

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")

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 MARCH 2016

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 Indi
securities recorded in the register on Friday, 1 April 2016 in respect of
the quarter ended 31 March 2016 as follows:

An aggregate amount of 14.44 cents (R0.1444) per Satrix Indi security
constituted as follows:

     Net Local dividend per security (1)                           4.98471
     Dividend withholding tax on local dividend (15%)              0.87965
     Net Foreign dividend per security (2)                         7.16270
     Dividend withholding tax on foreign dividend (15%)            1.26400
     Interest (positive cash balances) (a)                         0.14894
     TOTAL DISTRIBUTION                                           14.44000


 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)                           5.86436
     Dividend withholding tax (15% on taxable dividend)          - 0.87965
     Net dividend per security                                     4.98471

 2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                           8.42670
     Dividend withholding tax (15% on taxable dividend)          - 1.26400
     Net dividend per security                                     7.16270



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 14 April 2016 to all holders of Satrix Indi
securities recorded in the register on Friday, 1 April 2016.

7 April 2016

Sponsor:
Vunani Corporate Finance

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