SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter Ended 31 March 2017- STXFIN

Distribution Finalisation Announcement – Quarter Ended 31 March 2017- 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 31 MARCH 2017

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, 31 March 2017 in respect of the
quarter ended 31 March 2017 as follows:

An aggregate amount of        3.82   cents   (R0.0382)   per   Satrix   Fini   security
constituted as follows:


         Net Local dividend per security (1)                                   0.15842
         Dividend withholding tax on local dividend (20%)                      0.03961
         REIT Dividend (2)                                                     3.62197
         TOTAL DISTRIBUTION                                                    3.82000

     1   NET LOCAL DIVIDEND

         Gross dividend (cents per security)                                   0.19803
         Dividend withholding tax (20% on taxable dividend)                  - 0.03961
         Net dividend per security                                             0.15842

     2   REIT DIVIDEND
         Gross REIT dividend                                                   3.62197
         Dividend withholding tax (20% applicable to foreign                 - 0.72439
         holders)
         Net REIT dividend                                                     2.89758

No dividend tax is applicable for SA resident securities holders on the
REIT dividend. Dividend tax of 20% is applicable for non-resident
shareholders 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 7 April 2017 to all holders of Satrix Fini
securities recorded in the register on Friday, 31 March 2017.


3 April 2017

Sponsor:
Vunani Corporate Finance

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