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SATRIX COLLECTIVE INVESTMENT SCHEME - Distribution Finalisation Announcement Quarter End 31 December 2018 - STXSWX16 Jan 2019
STXSWX 201901160011A
Distribution Finalisation Announcement Quarter End 31 December 2018 - STXSWX

 SATRIX COLLECTIVE INVESTMENT SCHEME
 SATRIX SWIX TOP 40 PORTFOLIO
 JSE code: STXSWX
 ISIN code: ZAE000078580
 ("Satrix Swix Top 40" or the "ETF")

 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 QUARTER END 31 DECEMBER 2018

 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
 Swix Top 40 securities("investors")recorded in the register on Friday, 25 January 2019 in respect of the
 quarter ended 31 December 2018.

 An aggregate amount of 3.63000 cents (R0.03630) per Satrix Swix security constituted as follows:
  Alpha          Dividend/   Foreign       Source            Gross        Subject to     Withholding           Net
  code            Interest   / Local         of          Distribution     Withholding      Tax (%)        Distribution
                                            funds         (Cents per      tax Yes/ No                      (Cents per
                                                             unit)                                            unit)

STXSWX           Dividend     Local                        2.54577             Yes              20          2.03662
                 Dividend    Foreign         UK            0.56472             Yes              20          0.45178
                               Dual
                 Dividend      REIT                        0.51951             Yes              20          0.41560
                                                           3.63000                                          2.90400

 Notice is hereby given that the following dates are of importance in regard to the distribution for the
 quarter ended December 2018 by the ETF to holders of Satrix Swix Top 40 securities:

 Last day to trade "cum" distribution:              Tuesday, 22 January 2019
 Securities trade "ex" distribution:                Wednesday, 23 January 2019
 Record date:                                       Friday, 25 January 2019
 Payment date:                                      Thursday, 31 January 2019

 The distribution will be paid on Thursday, 31 January 2019 to all securities holders recorded in the
 register on Friday, 25 January 2019.


 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 15%, 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

16 January 2019

Sponsor:
Vunani Corporate Finance

Date: 16/01/2019 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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