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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement 2 months ended 31 October 2023 - STXCAP

Release Date: 10/11/2023 10:10
Code(s): STXCAP     PDF:  
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Distribution Finalisation Announcement 2 months ended 31 October 2023 - STXCAP

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX CAPPED ALL SHARE ETF
JSE code: STXCAP
ISIN: ZAE000303905
("Satrix Cap")

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

DISTRIBUTION FINALISATION ANNOUNCEMENT 2 MONTHS ENDED 31 OCTOBER 2023

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 Cap securities ('investors') recorded in the register on Friday, 24 November 2023
in respect of the 2 months ended 31 October 2023.

An aggregate amount of 54.28000 cents (R0.54280) per Satrix Cap security is declared as follows:
                                                                                   Dividend      Dividend
Alpha Code: STXCAP                     Dividend Dividend Dividend Dividend (64N =/<               (64N >        *Interest     REIT      Total
                                                                                      DTA)         DTA)
                                                  Foreign Foreign Foreign Foreign SA Foreign SA
Distribution Source type               Local      SA Listed SA Listed SA Listed Listed         Listed          Local        Local
Net Distribution Reinvested            No         No        No        No          No           No              No           No
Source of Funds (Country Code)         ZA         GB        MU        LU          GB           CH              ZA           ZA
Subject to Foreign Withholding tax     No         No        No        No          Yes          Yes             No           No
Gross Foreign Rate (cents per unit)               10.23848 0.16658 0.47991 0.06071             2.03076
Foreign Tax % withheld at source                                                  20.00000% 35.00000%
Foreign Tax amount per unit                                                       0.01214      0.71077
DTA with Source Country                                                           15%          15%
Foreign Tax Reclaim %                                                             5%           20%
Portfolio/Management Cost                                                         0.00088      0.02398
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 39.41744 10.23848 0.16658 0.47991 0.04769               1.29601         0.35556      2.27833   54.28000
                                    **Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit)      39.41744 10.23848 0.16658 0.47991 0.05983               2.00678         0.35556      2.27833
SA Withholding Tax %                   20.00% 20.00% 20.00% 20.00% 5.0000%                     5.0000%                      Note 1
SA Withholding Tax amount per unit 7.88349 2.04770 0.03332 0.09598 0.00299                     0.10034
Local Net Rate                         31.53395 8.19078 0.13326 0.38393 0.04470                1.19567         0.35556      2.27833   44.11618


Note 1: Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-residents it
is subject to 20% SA withholding tax. The Gross rate for non-residents is 2.27833 cents per unit and the net rate is 1.82266 cents per unit.


Notice is hereby given that the following dates are of importance in regard to the distribution for the 2 months ended 31 October 2023 by the
ETF to holders of Satrix Cap securities:

Last day to trade "cum" distribution:       Tuesday, 21 November 2023
Securities trade "ex" distribution:         Wednesday, 22 November 2023
Record date:                                Friday, 24 November 2023
Payment date:                               Monday, 27 November 2023

The distribution will be paid on Monday, 27 November 2023 to all securities holders recorded in the register on Friday, 24 November 2023.


*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 listed debt instruments and/or bank debt.

**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:

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

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, as the case may be in respect of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, 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, as the case may be, 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.

Sandton

10 November 2023

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Date: 10-11-2023 10:10:00
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