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Distribution Finalisation Announcement Quarter End 31 December 2025 - STXIND
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX INDI PORTFOLIO
JSE code: STXIND
ISIN code: ZAE000036364
("Satrix Indi")
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 Indi securities
('investors') recorded in the register on Friday, 23 January 2026 in respect of the quarter ended 31 December
2025.
An aggregate amount of 46.16000 cents (R0.46160) per Satrix Indi security is declared as follows:
Dividend
Alpha Code: STXIND Dividend Dividend *Interest Total
(64N > DTA)
Foreign SA Foreign SA
Distribution Source type Local Listed Listed Local
Net Distribution Reinvested No No No No
Source of Funds (Country Code) ZA GB BE ZA
Subject to Foreign Withholding tax No No Yes No
Gross Foreign Rate (cents per unit) 10.93105 1.43007
Foreign Tax % withheld at source 30.00000%
Foreign Tax amount per unit 0.42902
DTA with Source Country 15.00000%
Foreign Tax Reclaim % 15.00000%
Portfolio/Management Cost 0.26457
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 33.85058 10.93105 0.73648 0.64189 46.16000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 33.85058 10.93105 1.16550 0.64189
SA Withholding Tax % 20.00000% 20.00000% 5.00000%
SA Withholding Tax amount per unit 6.77012 2.18621 0.05828
Local Net Rate 27.08046 8.74484 0.67820 0.64189 37.14539
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 Indi 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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