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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 30 June 2016 - STXDIV

Release Date: 08/07/2016 11:00
Code(s): STXDIV     PDF:  
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Distribution Finalisation Announcement – Quarter Ended 30 June 2016 - STXDIV

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX DIVIDEND PLUS PORTFOLIO
JSE code: STXDIV
ISIN: ZAE000102018
("Satrix Dividend Plus")

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 30 JUNE 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 Dividend
Plus securities recorded in the register on Friday, 24 June 2016 in respect
of the quarter ended 30 June 2016 as follows:

An aggregate amount of 3.11 cents (R0.0311) per Satrix Divi security constituted as follows:

     Net Local dividend per security (1)                                      2.43596
     Dividend withholding tax on local dividend (15%)                         0.42988
     Net Foreign dividend per security (2)                                    0.18376
     Dividend withholding tax on foreign dividend (15%)                       0.03243
     Interest (positive cash balances) (a)                                    0.02797
     TOTAL DISTRIBUTION                                                       3.11000


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)                                      2.86584
     Dividend withholding tax (15% on taxable dividend)                     - 0.42988
     Net dividend per security                                                2.43596

2    NET FOREIGN DIVIDEND (Foreign-dual listed shares)

     Gross dividend (cents per security)                                      0.21619
     Dividend withholding tax (15% on taxable dividend)                     - 0.03243
     Net dividend per security                                                0.18376



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 22 July 2016 to all holders of Satrix Dividend
Plus securities recorded in the register on Friday, 24 June 2016.

The reason for a 2 week waiting period, from the date of this announcement
for payments to be processed, is to accommodate market participants in the
switch over from a T+5 to a T+3 settlement cycle.

8 July 2016

Sponsor:
Vunani Corporate Finance

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