CANCELLATION OF S424963 Final Distribution Announcement for the Quarter Ended 31 December 2019 - GIVIND

NEWFUNDS S&P GIVI SA INDUSTRIAL INDEX ETF PORTFOLIO
Share code: GIVIND
ISIN: ZAE000205241


Portfolios in the NewFunds Collective Investment Scheme in Securities registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002 and managed
by NewFunds (RF) Proprietary Limited (Registration Number 2005/034899/07) ("NewFunds")


FINAL DISTRIBUTION ANNOUNCEMENT FOR THE QUARTER ENDED 31 DECEMBER 2019
Further to the announcement released on SENS on 6 December 2019 regarding the winding up and delisting of the NewFunds S&P GIVI SA Industrials Index ETF Portfolio,
NewFunds has today finalised an income distribution to holders of ETF securities ("investors") recorded as such in the register on Friday, 27 December 2019, for the quarter
ended 31 December 2019 as follows:

Alpha code                 Dividend/                      Foreign/                   Gross                   Subject to Withholding     *Withholding        Net
                           Interest                        Local                     Distribution            tax                         Tax (%)            Distribution
                                                                                     (Cents per unit)        Yes/ No                                        (Cents per unit)



GIVIND                     Interest                       Local                      0.50903                 No                                             0.50903
                           Dividend                       Local                      16.00157                Yes                        20                  12.80126
                           Dividend                       Foreign1                   51.55690                Yes                        20                  41.24552
                           Dividend                       Foreign (ANH)*** {S64N}    18.18904                No                                             18.18904
                                                                                     86.25654                                                               72.74485


Further details are listed below:
Source of foreign non-taxable dividends:
Belgium                                                                                                                       100.00%


Notice is hereby given that the following dates are of importance in regard to the distribution by the above ETF for the quar ter ended 31 December 2019:
Declaration/ Finalisation date                                                       Thursday, 19 December 2019
Last day to trade                                                                    Friday, 20 December 2019
Ex distribution                                                                      Monday, 23 December 2019
Record date                                                                          Friday, 27 December 2019
Payment date                                                                         Monday, 30 December 2019

The distribution will be paid on Monday, 30 December 2019 to all securities holders recorded on the register on Friday, 27 December 2019.


NET FOREIGN DIVIDEND NOT TAXED (S64N rebate)                         ANH

Gross Dividend                                                           25.64284
Foreign Dividends Withholding Tax                                        (5.12857)
                                                                         20.51427
Less Porfolio costs                                                      (2.32524)
Distributable dividend                                                   18.18904


SA Dividend Withholding Tax
Gross Dividend                                                           25.64284

Less Portfolio Costs                                                     (2.32524)

                                                                         23.31760

SA DWT                                                                     4.66352




SA tax 4.66352 cents (20%) will not be deducted as foreign dividend withholding tax has already been deducted (SECTION 64N)


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 com prise 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.

***Compagnie Financiere Richemont is a Switzerland listed Company. The dividends received have been subject to 20% withholdin g tax.

*Investors should seek advice from their tax advisor on whether the tax rate shown is applicable to them.


South African tax resident investors relating to REITs
** The dividend distribution by a REIT received by South African tax residents must be included in their gross income and will not be exempt in terms of the ordinary dividend exemption in
section 10(1)(k)(i) of the Income Tax Act No. 58 of 1962 (“the Act”) as a result of paragraph (aa) of the proviso thereto whi ch provides that dividends distributed by a REIT are not exempt
from income tax.
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 resp ect 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 own er 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 submit ted.

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”) betw een 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 c hange 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 sub mitted.

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.


Additional information:
                                      Number                        Tax
                                    of securities                reference
                                      in issue                    number

GIVIND                                 350 814                  9005418224

19 December 2019

Sponsor
Vunani Sponsors

Date: 20-12-2019 11:59:59
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