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NEWFUNDS COLLECTIVE INVEST SCHEME - MAPPSP - Distribution and re-investment for the quarter ended 31 December 2017

Release Date: 18/01/2018 11:42
Code(s): MAPPSP     PDF:  
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MAPPSP - Distribution and re-investment for the quarter ended 31 December 2017

NEWFUNDS MAPPS PROTECT SA INDEX ETF PORTFOLIO
Share code: MAPPSP
ISIN: ZAE000153771

Portfolios in the NewFunds (RF) Proprietary Limited Collective Investment Scheme in Securities registered as such in terms of the Collective
Investment Schemes Control Act, 45 of 2002 and managed by NewFunds Proprietary Limited (Registration Number 2005/034899/07)

DISTRIBUTION AND RE-INVESTMENT ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2017
NewFunds has today finalised a distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 26 January 2018, for
the quarter ended 31 December 2017 as follows:

    Alpha code          Dividend/Interest       Foreign/ Local             Gross             Subject to          Withholding               Net
                                                                        Distribution       Withholding tax         Tax (%)             Distribution
                                                                      (Cents per unit)         Yes/ No                               (Cents per unit)

      MAPPSP                 Interest                Local                     25.43950           No                                           25.43950
                             Dividend                Local                      3.86063           Yes                  20                       3.08850
                             Dividend           Foreign (Other)                 0.61303           Yes                  20                       0.49042
                             Dividend              REITs**                      0.68783           Yes                 **20                      0.55026
                                                                               30.60099                                                        29.56868

Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quarter ended 31 December
2017:

Declaration/ Finalisation date                                      Thursday, 18 January 2018
Last day to trade                                                   Tuesday, 23 January 2018
Ex distribution                                                     Wednesday, 24 January 2018
Record date                                                         Friday, 26 January 2018
Payment date                                                        Monday, 29 January 2018

The distribution will be paid on Monday, 29 January 2018 to all securities holders recorded on the register on Friday, 26 January 2018.

The net distribution amount (after the deduction of Dividend Withholding Tax (''DWT'') at a current rate of 20%) will be re-invested in the ETF on
behalf of investors through the purchase of additional Constituent Securities (as defined in the relevant Portfolio Supplement) in the appropriate
weightings, thereby increasing the net asset value of the ETF and, proportionately increasing the value of each ETF security. As a consequence of
reinvesting the net distribution amount (comprising only 80% after the deduction of DWT), the ETF will be tracking the relevant total return net-of-
dividend tax index.

Investors qualifying for exemption from DWT or a reduced rate of DWT per Double Tax Agreement ("DTA"), will receive, in cash, a distribution
amount of the applicable DWT, provided they have completed and timeously lodged with the relevant intermediary the prescribed declaration and
undertaking form.
Failure to do so will result in the dividends tax being withheld in full.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.

Interest accruing from a South African source to a non-resident, excluding a controlled foreign company, will be subject to withholding tax at a rate of
15% on payment, except interest,

• arising on any Government debt instrument
• arising on any listed debt instrument
• arising on any debt owed by a bank or the South African Reserve Bank
• arising from a bill of exchange or letter of credit where goods are imported into South Africa and where an authorized dealer has certified such on
the instrument
• payable by a headquarter company
• accruing to a non-resident natural person who was physically present in South Africa for a period exceeding 183 days in aggregate, during that year,
or carried on a business through a permanent establishment in South Africa

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

South African tax resident investors relating to REITs
**The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be
exempt in terms of the ordinary dividend exemption in section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of
paragraph (aa) of the proviso thereto which provides that dividends distributed by a REIT are not exempt from income tax.
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 following forms to their Central Securities Depository Participant
(“CSDP”) or broker, as the case may be in respect of its participatory interest:
b) a written undertaking to inform their CSDP or broker, as the case may be, 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, as the case may be, to arrange for the abovementioned documents to be submitted prior to payment of the distribution, if such
documents have not already been submitted.


Additional information:
                            Number               Tax
                          of securities       reference
                             in issue          number

MAPPSP                     1,108,764         9399122176

18 January 2018

Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

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