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JSE ITXUK
ITX
Itrix FTSE 100 - Distribution Notice No.1
ITRIX FTSE 100
Share code: ITXUK ISIN: ZAE000071098
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")
("ITRIX FTSE 100")
DISTRIBUTION NOTICE NO. 1
The Standard Bank of South Africa Limited, the Trustee of Itrix, has resolved to
make a distribution to holders of Itrix FTSE 100 Securities recorded in the
Register as at 30 December 2005 ("holders"), in respect of the period ended 30
December 2005.
Details of the distribution are set out below:
- The distribution payable to holders will be an amount in ZAR equivalent to
GBP 0.0288 (two comma eighty eight pence) per Itrix FTSE 100 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 10 February 2006, details of which will be published on SENS on 13
February 2006.
- The distribution will be paid to holders on 15 February 2006.
Holders of Itrix FTSE 100 Securities who hold 100 000 or more Itrix FTSE 100
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 27 January 2006, failing which holders
will be paid the ZAR equivalent as set out above.
WITHHOLDING TAX
The GBP distribution amount (which represents the distributable income of the
portfolio) has been calculated after deduction of withholding tax (being tax
payable by Itrix to governments of foreign jurisdictions) at an effective rate
of 10,4% (ten comma four percent). The GBP distribution amount of GBP 0,0288 per
Itrix FTSE 100 Security is made up of:
Gross Dividends of GBP 0,0301 (three comma zero one pence)
Less withholding tax of GBP 0,0031 (zero comma three one pence)
Plus other income of GBP 0,0018 (zero comma one eight pence).
The information set out above is published for information purposes only 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 January 2006
Joint originators
Deutsche Bank AG
and
JSE Limited
Corporate advisor
Legal advisor
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 20/01/2006 11:29:51 AM Produced by the JSE SENS Department
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