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CORESHARES GLOBAL INVESTMENTS PCC - Distribution Announcement10 Oct 2018
CSP500 201810100031A
Distribution Announcement

 CoreShares Global Investments PCC
 CoresShares S&P500
 Share Code: CSP500
 ISIN: MU0519N00036

 The CoreShares S&P 500 Exchange Traded Fund (“CoreShares S&P 500”) portfolio, a portfolio in CoreShares
 Global Investments PCC (A Mauritius protected cell public company limited by shares). The Fund is an
 approved Foreign Collective Investment Scheme in terms of Section 65 of the Collective Investment
 Scheme Control Act 2002. The Fund is managed by CoreShares ETF Manager Limited (“CEM” or “the
 Manager”) and is further represented in South Africa by CoreShares Index Tracker Managers RF (Pty) Ltd.


DISTRIBUTION
ANNOUNCEMENT

Holders of the security are advised that a distribution will be made in respect of the six months ended 30
September 2018


The following dates are of importance with regards to the distribution:

Last day to trade cum distribution:                                                 Tuesday, 23 October 2018

Ex-date:                                                                         Wednesday, 24 October 2018

Record date:                                                                          Friday, 26 October 2018

Payment date:                                                                       Monday, 29 October 2018


A gross amount of US Dollar cents 1.50026 was declared.

An aggregated amount of 21.93380 South African cents per security is declared, using a USD/ZAR exchange
rate of 14.62000.

The nature and source of the distribution is explained in the following table:


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

Dividend Foreign                           21.93380      Yes          20         17.54704

TOTAL                                      21.93380                               17.54704


Further details are listed below:

Source of foreign taxable dividends

Mauritius                                  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: 10 October 2018

Sponsor

Grindrod Bank Limited

Date: 10/10/2018 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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