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 Friday, 02 September 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 30 September 2016
("the Distribution") in an amount of 104.21000 cents per STANPROP ETF
security. The distribution will be constituted as follows:

Gross Dividend(foreign-dual)to be taxed     :   18.28000 cents
SA tax applicable             (15   %)      :    2.74200 cents
Net Dividend                                :   15.53800 cents

Gross REIT Distribution                     :     84.58000 cents
(No Dividend Withholding Tax deducted for SA resident securities holders)
Non-residents:
Local Dividends Withholding Tax (15%)       :      12.68700 cents
Net dividend                                :      71.89300 cents

Interest Payment(paid on cash held in bank account, no WTI
applicable)                                 :     1.35000 cents

The Security Holders(Residents) who are not exempt from dividend tax will
receive the Net Dividend of 15.53800 cents per security as well as REIT
Distribution of 84.58000 cents.

The Distribution will be made to all Securities Holders recorded in the
register on Friday, 30 September 2016 and will be paid on Monday, 17 October
2016.

Johannesburg
28 September 2016

Sponsor
The Standard Bank of South Africa Limited

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