SYGSW4 201907110031A
Distribution Finalisation Announcement Period Ended June 2019

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix SWIX 40 ETF
JSE code: SYGSW4
ISIN: ZAE000251344
("SYGSW4")

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

DISTRIBUTION FINALISATION ANNOUNCEMENT PERIOD ENDED JUNE 2019

The Manager and Trustees of the Sygnia Itrix Collective Investment Scheme (being Sygnia Itrix (RF) (Pty) Limited and Standard
Bank of South Africa), respectively, have declared a distribution to holders of SYGSW4 securities ("investors") recorded in the
register on Friday, 19 July 2019 in respect of the period ended June 2019.

An aggregated amount of 15.48797 ZAR cents (R 0.1548797) per SYGSW4 security is declared as follows:

                                                                                                  Subject to
 Alpha      Dividend/Intere   Foreign/Loc   Source of         Gross Distribution (cents           withholding    Withholdin   Net Distribution (cents
 code       st                al            funds             per unit)                           tax (yes/no)   g Tax (%)    per unit)
 SYGSW4     Interest Income   Local                                                     0.20417   No                                             0.20417
            Dividend          Local                                                 14.01319      Yes                    20                     11.21055
            Dividend          REIT                                                      1.27061   Yes                    20                      1.01649


 Total                                                                              15.48797                                                    12.43121


Notice is hereby given that the following dates are of importance in regard to the distribution for the period ended
June 2019 by the ETF to holders of SYGSW4 securities:

Last day to trade "cum" distribution:                   Tuesday,     16   July   2019
Securities trade "ex" distribution:                     Wednesday,   17   July   2019
Record date:                                            Friday,      19   July   2019
Payment date:                                           Monday,      22   July   2019

The distribution will be paid on Monday, 22 July 2019 to all securities holders recorded in the register on Friday, 19 July 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 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.

11 July 2019

Manager
Sygnia Itrix (RF) (Proprietary) Limited

Trustee
The Standard Bank of South Africa Limited

Sponsor
Vunani Corporate Finance

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