SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 30 December 2016 - STXFIN

Distribution Finalisation Announcement – Quarter Ended 30 December 2016 - STXFIN

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX FINI PORTFOLIO
JSE code: STXFIN
ISIN Code: ZAE000036356
("Satrix Fini")

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 DECEMBER 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 Fini
securities recorded in the register Friday, 30 December 2016 in respect of
the quarter ended 31 December as follows:

An aggregate amount of 13.15 cents (R0.1315) per Satrix Fini security
constituted as follows:


      Net Local dividend per security (1)                         5.34867
      Dividend withholding tax on local dividend (15%)            0.94388
      Net Foreign dividend per security (2)                       3.25973
      Dividend withholding tax on foreign dividend (15%)          0.57525
      Foreign dividend (0% SA tax) (3)                            0.68564
      REIT Dividend (4)                                           2.33683
      TOTAL DISTRIBUTION                                         13.15000

  1   NET LOCAL DIVIDEND

      Gross dividend (cents per security)                         6.29255
      Dividend withholding tax (15% on taxable dividend)        - 0.94388
      Net dividend per security                                   5.34867

  2   NET FOREIGN DIVIDEND (Foreign-dual listed shares)

      Gross dividend (cents per security)                         3.83498
      Dividend withholding tax (15% on taxable dividend)        - 0.57525
      Net dividend per security                                   3.25973

  3   NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)
      Gross dividend                                              1.31575
      Foreign Dividends withholding tax                         - 0.26315
                                                                  1.05260
      Less portfolio costs                                       -0.36696
      Distributable dividend                                      0.68564

      SA Dividend withholding tax
      Gross dividend                                              1.31575
      Less portfolio costs                                      - 0.36696
                                                                  0.94879
     SA DWT                                                        0.14232


     SA tax 0.14232 cents (15%) will not be deducted as foreign dividend
     withholding tax has already been deducted (SECTION 64N).



 4   REIT DIVIDEND
     Gross REIT dividend                                           2.33683
     Dividend withholding tax (15% applicable to foreign         - 0.35053
     holders)
     Net REIT dividend                                             1.98631


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 12 January 2017 to all holders of Satrix Fini
securities recorded in the register on Friday, 30 December 2016.


9 January 2017

Sponsor:
Vunani Corporate Finance

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