CORESHARES INDEX TRACKER MANAGERS (RF) PROPRIETARY LIMITED - Quarterly Distribution Announcement - CSEW40

Quarterly Distribution Announcement - CSEW40

CoreShares Index Tracker Managers (RF) Proprietary Limited
CoreShares Equal Weight Top 40 ETF
Share code: CSEW40
ISIN: ZAE000217139

This announcement pertains to the South Africa listing only

A portfolio in the CoreShares Index Tracker Collective Investment Scheme registered as such in terms of
the Collective Investment Schemes Control Act, 45 of 2002, managed by CoreShares Index Tracker
Managers (RF) Proprietary Limited

QUARTERLY DISTRIBUTION ANNOUNCEMENT (Date of announcement: 05 April 2018)
Holders of the security are advised that a distribution will be made in respect of the quarter ended 31
March 2018

The following dates are of importance with regards to the distribution:
Last day to trade cum distribution:                                               Tuesday, 10 April 2018
Ex-date:                                                                        Wednesday, 11 April 2018
Record date:                                                                       Friday, 13 April 2018
Payment date:                                                                      Monday, 16 April 2018

An aggregated amount of 50.07857 cents per security is declared.
The nature and source of the distribution is explained in the following
table:


                                  Gross          Subject to
                                  distribution   withholding
Dividend/                         (cents per     tax         Withholding Net distribution (cents per
Interest  Foreign / Local         unit)          (Yes/No)    tax (%)     unit)

Dividend    Local                 31.43596       Yes                      20           25.14877

Dividend    Foreign               6.86607        Yes                      20            5.49286

Dividend    REIT                  10.56766       Yes                      20            8.45413

Interest                          1.20888        No                                     1.20888

TOTAL                             50.07857                                             40.30464

Further details are listed
below:
Source of foreign taxable dividends
Great Britain                        68.82%
Isle of Man                          31.18%
TOTAL                               100.00%

No dividend withholding tax will be deducted from dividends payable to a South African tax resident
qualifying for exemption from dividend withholding tax provided that the investor has provided the
Central Securities Depository Participant (“CSDP”) or broker with the following:

a) a declaration that the distribution is exempt from dividends tax; and

b) a written undertaking to inform their CSDP or broker, should the circumstances affecting the
exemption change or the beneficial owner cease to be the beneficial owner,

both in the form prescribed by the South African Revenue Service. South African tax resident
investors are advised to contact their CSDP or broker, to arrange for the abovementioned
documents to be submitted prior to payment of the distribution, if such documents have not already
been submitted.



Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Investors are advised that to the extent that the distribution amount comprises of any interest, it
will not be subject to WTI by virtue of the fact that it is listed debt instruments and/or bank debt.



Non-resident investors for South African income tax purposes

The dividend distribution received by non-resident investors will be exempt from income tax in
terms of section 10(1)(k)(i) of the Act, but will be subject to dividend withholding tax. Dividend
withholding tax is levied at a rate of 20%, unless the rate is reduced in terms of any applicable
agreement for the avoidance of double taxation (“DTA”) between South Africa and the country of
residence of the non-resident investor.

A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-
resident investor has provided the following forms to their CSDP or broker in respect of its
participatory interest:

a) a declaration that the dividend is subject to a reduced rate because of the application of a DTA;
and

b) a written undertaking to inform the CSDP or broker should the circumstances affecting the
reduced rate change or the beneficial owner cease to be the beneficial owner,

both in the form prescribed by the South African Revenue Service. Non-resident investors are
advised to contact their CSDP or broker to arrange for the abovementioned documents to be
submitted prior to the payment of the distribution if such documents have not already been
submitted.

Both resident and non-resident investors are encouraged to consult their professional advisors
should they be in any doubt as to the appropriate action to take.

Date of announcement: 05 April 2018

Sponsor

Grindrod Bank Limited

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