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Distribution Finalisation Announcement Quarter End 31 December 2025 - STXVEQ
SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX VALUE EQUITY ETF
JSE code: STXVEQ
ISIN code: ZAE000318325
("SATRIXVEQ")
A portfolio in the Satrix Collective Investment Scheme in Securities 2, registered as such in terms of
the Collective Investment Schemes Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT QUARTER END 31 DECEMBER 2025
The Manager and Trustees of the Satrix Collective Investment Scheme 2 (being Satrix Managers (RF)
(Pty) Limited and Standard Chartered Bank), respectively, have declared a distribution to holders of
SATRIXVEQ securities ('investors') recorded in the register on Friday, 23 January 2026 in respect of
the quarter ended 31 December 2025.
An aggregate amount of 9.95000 cents (R0.09950) per SATRIXVEQ security is declared as follows:
Alpha Code: STXVEQ Dividend Dividend *Interest Total
Foreign SA
Distribution Source type Local Listed Local
Net Distribution Reinvested No No No
Source of Funds (Country Code) ZA GB ZA
Subject to Foreign Withholding tax No No No
Gross Foreign Rate (cents per unit) 1.42552
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 8.23641 1.42552 0.28807 9.95000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 8.23641 1.42552 0.28807
SA Withholding Tax % 20.00000% 20.00000%
SA Withholding Tax amount per unit 1.64728 0.28510
Local Net Rate 6.58913 1.14042 0.28807 8.01762
Notice is hereby given that the following dates are of importance in regard to the distribution for the
quarter ended 31 December 2025 by the ETF to holders of SATRIXVEQ securities:
Last day to trade "cum" distribution: Tuesday, 20 January 2026
Securities trade "ex" distribution: Wednesday, 21 January 2026
Record date: Friday, 23 January 2026
Payment date: Monday, 26 January 2026
The distribution will be paid on Monday, 26 January 2026 to all securities holders recorded in the
register on Friday, 23 January 2026.
*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.
Sandton
14 January 2026
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Date: 14-01-2026 10:45:00
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