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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 28 December 2007 ("holders"), in
respect of the period ended 31 December 2007.
Details of the distribution are set out below:
* The distribution payable to holders will be an amount in ZAR equivalent to
GBP 0.08742 (eight point seven four two 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 25 January 2008, details of which will be published
on SENS on or about 28 January 2008.
* The distribution will be paid to holders on or about 30 January 2008.
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 23 January 2008, 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 0.08742 per Itrix FTSE security is
calculated as follows:
* Gross foreign dividends of GBP 0.10762 (ten point seven six two pence)
* Less withholding tax of GBP 0.01061 (one point zero six one pence)
* Plus other income (foreign interest) of GBP 0.00150 (zero point one five
zero pence)
* Less cash transfers to capital account of GBP 0.01108 (one point one zero
eight 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
18 January 2008
Manager
Itrix Managers (Proprietary) Limited
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 18/01/2008 16:27:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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