Distribution Finalisation Announcement – Quarter Ended 30 JUNE 2016 - STXSWX SATRIX COLLECTIVE INVESTMENT SCHEME 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 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 Swix Top 40 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 10.42 cents (R0.1042) per Satrix Swix Top 40 security constituted as follows: Net Local dividend per security (1) 6.94482 Dividend withholding tax on local dividend (15%) 1.22556 Net Foreign dividend per security (2) 0.92458 Dividend withholding tax on foreign dividend (15%) 0.16316 Foreign dividend (0% SA tax) (3) 0.15358 REIT dividend (4) 1.00124 Interest (positive cash balances) (a) 0.00706 TOTAL DISTRIBUTION 10.42000 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) 8.17038 Dividend withholding tax (15% on taxable dividend - 1.22556 Net dividend per security 6.94482 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 1.08774 Dividend withholding tax (15% on taxable dividend) - 0.16316 Net dividend per security 0.92458 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend 0.21339 Foreign Dividends withholding tax (20%) - 0.04268 0.17071 Less portfolio costs - 0.01713 Distributable dividend 0.15358 SA Dividend withholding tax Gross dividend 0.21340 Less portfolio costs - 0.01713 0.19627 SA DWT 0.02944 SA tax 0.02944 cents (15%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N). 4 REIT DIVIDEND Gross REIT dividend 1.00124 Dividend withholding tax (15% - applicable to foreign holders - 0.15019 Net REIT dividend 0.85105 No dividend tax is applicable for SA resident securities holders on the REIT dividend. 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 Swix Top 40 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 Date: 08/07/2016 11:00:00 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.