Distribution Finalisation Announcement – Quarter Ended 30 June 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 30 JUNE 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, 30 June 2017 in respect of the quarter ended 30 June 2017 as follows: An aggregate amount of 29.72 cents (R0.2972) per Satrix Fini security constituted as follows: Net Local dividend per security (1) 17.84038 Dividend withholding tax on local dividend (20%) 4.46009 Net Foreign dividend per security (2) 2.40218 Dividend withholding tax on foreign dividend (20%) 0.60054 Foreign dividend (3) 1.46775 REIT Dividend (4) 2.73952 Interest 0.20954 TOTAL DISTRIBUTION 29.72000 1 NET LOCAL DIVIDEND Gross dividend (cents per security) 22.30047 22.30047 Dividend withholding tax (20% on taxable dividend) 4.46009 Gross dividend (cents per security) 22.30047 Dividend withholding tax (20% on taxable dividend) - 4.46009 Net dividend per security 17.84038 2 NET FOREIGN DIVIDEND (Foreign-dual listed shares) Gross dividend (cents per security) 3.00272 Dividend withholding tax (20% on taxable dividend) - 0.60054 Net dividend per security 2.40218 3 NET FOREIGN DIVIDEND NOT TAXED (S64N rebate) Gross dividend 1.94656 Foreign Dividends withholding tax (20%) - 0.38931 1.55725 Less portfolio costs - 0.08950 Distributable dividend 1.46775 SA Dividend withholding tax Gross dividend 1.94656 Less portfolio costs - 0.08951 1.85705 SA DWT 0.27856 SA tax 0.27856 cents (20%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N). 4 REIT DIVIDEND Gross REIT dividend 2.73952 Dividend withholding tax (20% applicable to foreign - 0.54790 holders) Net REIT dividend 2.19162 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 6 July 2017 to all holders of Satrix Fini securities recorded in the register on Friday, 30 June 2017. 30 June 2017 Sponsor: Vunani Corporate Finance Date: 30/06/2017 05:40:00 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.