Distribution Finalisation Announcement Quarter End 30 September 2023 - STXGRP

SATRIX COLLECTIVE INVESTMENT SCHEME 2
SATRIX REITWAY GLOBAL PROPERTY ETF
JSE code: STXGPR
ISIN code: ZAE000318267
("SATRIXGPR")

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 30 SEPTEMBER 2023 - STXGPR

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 SATRIXGPR securities ('investors') recorded in the register
on Friday, 20 October 2023 in respect of the quarter ended 30 September 2023.

An aggregate amount of 38.06000 cents (R0.38060) per SATRIXGPR security is declared as follows:


Alpha Code: STXGPR                                  Dividend     *Interest       Total


                                               Foreign Not
Distribution Source type                       SA listed   Local
Net Distribution Reinvested                    No          No
Source of Funds (Country Code)                 Table 1     ZA
Subject to Foreign Withholding tax             Yes         No
Gross Foreign Rate (cents per unit)              81.56535
Foreign Tax % withheld at source               22.65800%
Foreign Tax amount per unit                      18.48108
DTA with Source Country                        Table 1
Foreign Tax Reclaim %
Portfolio/Management Cost                        29.10149
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit)            33.98278      4.07722         38.06000
         ***Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit)                 33.98278      4.07722
SA Withholding Tax %
SA Withholding Tax amount per unit
Local Net Rate                                    33.98278      4.07722         38.06000

Table 1
Country                                            ISO code        Split       DTA rate
United States                                          US          59%           15%
Japan                                                  JP           6%           15%
Australia                                              AU          12%           15%
Hong Kong                                              HK          11%           10%
Singapore                                              SG           3%           10%
France                                                 FR           5%           15%
Great Britain                                          GB           4%           15%
Brazil                                                 BR           1%           15%
Average                                                                         14.35%

Notice is hereby given that the following dates are of importance in regard to the distribution for the quarter ended 30 September
2023 by the ETF to holders of SATRIXGPR securities:


Last day to trade “cum” distribution:             Tuesday, 17 October 2023

Securities trade “ex” distribution:               Wednesday, 18 October 2023
Record date:                                             Friday, 20 October 2023

Payment date:                                            Monday, 23 October 2023


The distribution will be paid on Monday, 23 October 2023 to all securities holders recorded in the register on Friday, 20 October
2023.

*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
11 October 2023

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Date: 11-10-2023 12:42:00
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