SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Distribution Announcement Period Ended 31 December 2017 Update - SYGEU

Distribution Announcement – Period Ended 31 December 2017 – Update - SYGEU

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix Euro Stoxx ETF
JSE code: SYGEU
ISIN: ZAE000249512
(“SYGEU or the “ETF”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities,
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION ANNOUNCEMENT – PERIOD ENDED 31 DECEMBER 2017 - UPDATE

Further to the announcement released on SENS on Thursday, 4 January 2018,
holders of SYGEU securities are advised that the net distribution payable
on Wednesday 17 January 2018 will be a minimum amount of ZAR 0.04362 per
SYGEU security. This is based on the ZAR/EUR exchange rate prevailing on
Thursday, 11 January 2018 of 14.843032.

The net ZAR distribution    amount   of   ZAR   0.04362   per    SYGEU        security    is
calculated as follows:

   -   Gross foreign dividends of ZAR 0.30866 (three zero point eight six
       six cents);
   -   Less: Foreign Withholding tax of ZAR 0.06650 (six point six five
       zero cents);
   -   Plus: Equalisation of ZAR 0.00350 (zero point three five zero
       cents);
   -   Less: Foreign exchange income of ZAR 0.00001 (zero point zero zero
       one cents);
   -   Less: Interest of ZAR 0.00102 (zero point one zero two cents);
   -   Less: Management fee of ZAR 0.20101 (two zero point one zero one
       cents);

All income derived is      foreign   in   nature   and    does     not        include    any
manufactured dividends.

This amount will be adjusted upwards for larger investors who are liable
for less than the 0.75% management fee.

Investors are advised that the full fee            details       may     be     viewed    on
www.sygnia.co.za/etfs/etf-and-etn-fund-range.

The aggregate amount payable to each investor will be rounded down to the
nearest cent. The balance (if any) will be retained and paid out in the
following distribution period.

All amounts have been rounded to the fifth decimal point.

12 January 2018

Manager
Sygnia Itrix Collective Investment Scheme

Trustee
The Standard Bank of South Africa Limited

Sponsor
Vunani Corporate Finance

Date: 12/01/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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