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Distribution Finalisation Announcement Quarter End 31 December 2025 - STX40
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX 40 PORTFOLIO
JSE code: STX40
ISIN code: ZAE000027108
("Satrix 40")
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 2025
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 40 securities ('investors') recorded in the register
on Friday, 23 January 2026 in respect of the quarter ended 31 December 2025.
An aggregate amount of 55.71000 cents (R0.55710) per Satrix 40 security is declared as follows:
Dividend
Alpha Code: STX40 Dividend Dividend *Interest REIT Total
(64N > DTA)
Foreign SA Foreign SA
Distribution Source type Local Listed Listed Local Local
Net Distribution Reinvested No No No No No
Source of Funds (Country Code) ZA GB BE ZA ZA
Subject to Foreign Withholding tax No No Yes No No
Gross Foreign Rate (cents per unit) 10.88111 0.37347
Foreign Tax % withheld at source 30.00000%
Foreign Tax amount per unit 0.11204
DTA with Source Country 15.00000%
Foreign Tax Reclaim % 15.00000%
Portfolio/Management Cost 0.01448
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 40.80538 10.88111 0.24695 0.83992 2.93664 55.71000
***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 40.80538 10.88111 0.35899 0.83992 2.93664
SA Withholding Tax % 20.00000% 20.00000% 5.00000% Note 1
SA Withholding Tax amount per unit 8.16108 2.17622 0.01795
Local Net Rate 32.64430 8.70489 0.22900 0.83992 2.93664 45.35475
Note 1: Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for
non-residents it is subject to 20% SA withholding tax. The Gross rate for non-residents is 2.93664 cents per unit and the net rate is
2.34931 cents per unit.
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 Satrix 40 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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