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JSE ITXUK
ITXUK
ITXUK - Itrix FTSE 100- Distribution Announcement
ITRIX FTSE 100
A portfolio in the Itrix Collective Investment Scheme in Foreign Securities
("Itrix") (Established on 6 September 2005 in the Republic of South Africa in
terms of the Collective Investment Schemes Control Act, 45 of 2005 (the "Act"))
(the "portfolio")
Share code: ITXUK & ISIN: ZAE000071098
("ITRIX FTSE")
DISTRIBUTION ANNOUNCEMENT
The manager and trustees of the Itrix Collective Investment Scheme (being Itrix
Managers (Proprietary) Limited and The Standard Bank of South Africa Limited
respectively) have resolved to make a distribution to holders of Itrix FTSE
securities recorded in the Register as at 29 June 2007 ("holders"), in respect
of the period ended 30 June 2007.
Details of the distribution are set out below:
- The distribution payable to holders will be an amount in ZAR equivalent to
GBP 0.12060 (Twelve point zero six pence) per Itrix FTSE security, less the
applicable management fee as detailed in the First Supplement to the
Offering Circular and Pre-listing Statement dated 19 September 2005 (the
"GBP distribution amount").
- The GBP distribution amount will be converted to ZAR at the exchange rate
prevailing on or about 30 July 2007, details of which will be published on
SENS on 31 July 2007.
- The distribution will be paid to holders on or about 2 August 2007.
Holders of Itrix FTSE securities who hold 100,000 or more Itrix FTSE securities
may elect to receive the distribution in GBP payable to their "foreign GBP cash
account held at their applicable GBP clearer". Such election is to be conveyed
to Itrix Managers (Proprietary) Limited via the holder`s CSDP in the required
format by no later than 26 July 2007, failing which holders will be paid the ZAR
equivalent referred to above.
WITHHOLDING TAX
The GBP distribution amount (which represents a pro rata portion of the
distributable income of the portfolio) has been calculated after deduction of
withholding tax (being tax payable by Itrix to the British Government) on
dividends. The GBP distribution amount of GBP 0.12060 per Itrix FTSE security is
calculated as follows:
- Gross foreign dividends of GBP 0.13838(Thirteen point eight three eight
pence)
- Less withholding tax of GBP 0.01455(One point four five five pence)
- Less other income/losses (foreign interest) of GBP 0.00323 (Zero point
three two three pence).
The information set out above is published for information purposes only, inter
alia, to enable South African resident tax payers the ability to claim a foreign
tax credit or rebate (in terms of section 6 quat) or a deduction (in terms of
section 11(C)(4)) of the Income Tax Act 58 of 1962, in respect of foreign
dividend income accruing to holders. This information does not purport to
constitute tax advice, is not exhaustive and holders should contact their tax
advisors if they are in any doubt as to their right to a tax rebate or deduction
or the action to be taken by them.
Rosebank
19 July 2007
Manager
Itrix Managers (Proprietary) Limited
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 19/07/2007 16:44:01 Produced by the JSE SENS Department.
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