THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank of South Africa Limited REIT Distribution announcement in relation to the HYP share

SCIB: The Standard Bank of South Africa Limited – REIT Distribution announcement in relation to the HYP share

SCIB: The Standard Bank of South Africa Limited – REIT Distribution announcement in relation to the
HYP share
The Standard Bank of South Africa Limited
Share Code: HYPSTA
ISIN Code: ZAE000286670

13/01/2021

REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE HYP SHARE INSTALMENT

Notice is hereby given that as a result of the REIT distribution declaration
relating to HYPROP INVESTMENTS LIMITED(HYP) shares, the holders of HYPSTA share
instalments will receive a HYPROP INVESTMENTS LIMITED(HYP) REIT distribution of
375 cents(gross) per Instalment.

Dividend withholding tax (“dividend tax”) implications

Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust (“REIT”) are exempt from
dividend tax in the hands of South
African resident shareholders provided that the shareholders have provided the
requisite declaration as to residence as
detailed in paragraph 5 of the circular. South African resident shareholders,
who have submitted the requisite documentation
and are exempt from dividend tax will accordingly receive a net dividend of 375
cents per share in respect of the dividend.

Dividend tax implications for non-resident shareholders

Dividends received from a REIT by a non-resident shareholder will be subject to
dividend tax at 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 shareholder. A reduced dividend
withholding tax rate in terms of the applicable
DTA may only be relied upon if the non-resident shareholder has provided the
requisite documentation as detailed in
paragraph 5 of the circular. Non-resident shareholders who have submitted the
requisite documentation and assuming that
a dividend tax rate of 20% is applicable, will accordingly receive a net
dividend of 300 cents per share.

The cash dividend or share reinvestment alternative may have tax implications
for resident as well as non-resident
shareholders. Shareholders are therefore encouraged to consult their tax and/or
professional advisors should they be in any
doubt as to the appropriate action to take.


Last date to trade cum REIT distribution Tuesday, 19/01/2021
Ex- REIT distribution Date Wednesday, 20/01/2021
Record Date Friday, 22/01/2021
Payment Date Monday, 25/01/2021

For more details relating to this REIT distribution please refer to the SENS
announcement issued by HYPROP INVESTMENTS LIMITED on 21/12/2020
For further information contact:
Standard Bank Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Limited

This notice should be read together with the Common Terms Document, Conditions
Annexure and relevant Supplement which collectively record the terms and
conditions of the agreement between the Issuer and Warrant holders.

Date: 13-01-2021 01:28:00
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