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Distribution Finalisation Announcement Quarter Finish 31 December 2020 – STXPRO

SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX PROPERTY PORTFOLIO
JSE code: STXPRO
ISIN Code: ZAE0000240131
(‘Satrix Prop’)

A portfolio within the Satrix Collective Funding Scheme in Securities, registered as such by way of the Collective
Funding Schemes Management Act, 45 of 2002.

DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 31 DECEMBER 2020
The Supervisor and Trustees of the Satrix Collective Funding Scheme (being Satrix Managers (RF) (Pty) Restricted and Normal
Chartered Financial institution), respectively, have declared a distribution to holders of Satrix Prop securities(‘buyers’)recorded in
the register on Friday, 15 January 2021 in respect of the quarter ended 31 December 2020.

An mixture quantity of 12.71000 cents (R0.12710) per Satrix Property safety constituted as follows:
Alpha Dividend/ International/ Supply of Gross International Quantity Topic to SA SA Dividends Internet
code Curiosity Native funds distribution Withholding accessible for Dividends tax Tax (%) Distribution
(Cents per (Cents per distribution Sure/ No (Cents per
unit) unit) (Cents per unit)
unit)
STXPRO Dividend Native zero.58427 n/a zero.58427 Sure 20 zero.46742
Dividend International UK zero.59678 (zero.12480) zero.47198 Sure 5
(S64N) (Notice 1) zero.44214
Dividend REIT 11.65375 n/a 11.65375 Sure 20 9.32300
12.71000 10.23256

Notice 1
NET FOREIGN DIVIDEND NOT TAXED (S64N REBATE)

Gross dividend zero.62400
Much less portfolio prices (zero.02722)
Gross distribution zero.59678
International withholding tax (20% of Gross dividend)* (zero.12480)
Quantity accessible for distribution zero.47198
SA Dividend withholding tax payable (5% on Gross distribution)* (zero.02984)
Internet Distributable zero.44214

* A 5% rebate is reclaimable from the UK’s HM Income & Customs, leading to an efficient UK withholding tax fee of 15%.
Subsequently, depository receipt holders who are usually not exempt from the South African dividends tax will likely be topic to an
further 5 % South African dividends tax, after the appliance of the part 64N rebate.

These depository receipt holders who qualify for exemption from the South African tax (e.g. South African corporations and
non-residents of South Africa) should be certain that they've filed the related exemption kinds with their brokers/ banks
with a view to be certain that no South African tax is withheld.

Discover is hereby on condition that the next dates are of significance in regard to the distribution for the quarter ended
December 2020 by the ETF to holders of Satrix Property securities:

Final day to commerce “cum” distribution: Tuesday, 12 January 2021
Securities commerce “ex” distribution: Wednesday, 13 January 2021
Document date: Friday, 15 January 2021
Fee date: Wednesday, 20 January 2021

The distribution will likely be paid on Wednesday, 20 January 2021 to all securities holders recorded within the register on Friday,
15 January 2021.

Withholding Tax on Curiosity (WTI) got here into impact on 1 June 2015.

Curiosity accruing from a South African supply to a non-resident, excluding a managed overseas firm, will likely be topic
to withholding tax at a fee of 15% on cost, besides curiosity,

• arising on any Authorities debt instrument
• arising on any listed debt instrument
• arising on any debt owed by a financial institution or the South African Reserve Financial institution
• arising from a invoice of trade or letter of credit score the place items are imported into South Africa and the place a certified
seller has licensed such on the instrument
• payable by a headquarter firm
• accruing to a non-resident pure one who was bodily current in South Africa for a interval exceeding 183
days in mixture, throughout that 12 months, or carried on a enterprise by way of a everlasting institution in South Africa
Buyers are suggested that to the extent that the distribution quantity comprise of any curiosity, it won't be topic to
WTI by advantage of the truth that it's listed debt devices and/or financial institution debt.

No dividend withholding tax will likely be deducted from dividends payable to a South African tax resident qualifying for
exemption from dividend withholding tax offered that the investor has offered the next kinds to their Central
Securities Depository Participant (“CSDP”) or dealer, because the case could also be in respect of its participatory curiosity:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written endeavor to tell their CSDP or dealer, because the case could also be, ought to the circumstances affecting the
exemption change or the useful proprietor stop to be the useful proprietor,
each within the type prescribed by the South African Income Service. South African tax resident buyers are suggested to
contact their CSDP or dealer, because the case could also be, to rearrange for the abovementioned paperwork to be submitted previous to
cost of the distribution, if such paperwork haven't already been submitted.

Non-resident buyers for South African revenue tax functions
The dividend distribution acquired by non-resident buyers will likely be exempt from revenue tax by way of part
10(1)(okay)(i) of the Act, however will likely be topic to dividend withholding tax. Dividend withholding tax is levied at a fee
of 20%, except the speed is decreased by way of any relevant settlement for the avoidance of double taxation (“DTA”)
between South Africa and the nation of residence of the non-resident investor.
A decreased dividend withholding fee by way of the relevant DTA could solely be relied on if the non-resident investor
has offered the next kinds to their CSDP or dealer, because the case could also be in respect of its participatory curiosity:
a) a declaration that the dividend is topic to a decreased fee because of the appliance of a DTA; and
b) a written endeavor to tell the CSDP or dealer, because the case could also be, ought to the circumstances affecting the
decreased fee change or the useful proprietor stop to be the useful proprietor,
each within the type prescribed by the South African Income Service. Non-resident buyers are suggested to contact their
CSDP or dealer, because the case could also be, to rearrange for the abovementioned paperwork to be submitted previous to the cost of
the distribution if such paperwork haven't already been submitted.

Each resident and non-resident buyers are inspired to seek the advice of their skilled advisors ought to they be in any
doubt as to the suitable motion to take.

Sandton

eight January 2021
Sponsor:
Vunani Company Finance

Date: 08-01-2021 03:50:00
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