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JSE ITXUK
ITX
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 30 June 2006 ("holders"), in respect
of the period ended 30 June 2006.
Details of the distribution are set out below:
* The distribution payable to holders will be an amount in ZAR equivalent to
GBP 0.11511 (eleven comma five one one 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 25 August 2006, details of which will be published on SENS on
28 August 2006.
* The distribution will be paid to holders on or about 31 August 2006.
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 28 July 2006, failing which holders will be paid the ZAR
equivalent referred to 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 the British Government) on dividends at an effective rate of
10,4% (ten comma four percent). The GBP distribution amount of GBP 0.1151 per
Itrix FTSE security is calculated as follows:
* Gross foreign dividends of GBP 0.12834(twelve comma eight three four pence)
* Less withholding tax of GBP 0.01334 (one comma three three four pence)
* Plus other income (foreign interest) of GBP 0.00012 (zero comma zero one
two pence or 12/1000th of a 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
20 July 2006
Manager
Itrix Managers (Proprietary) Limited
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 20/07/2006 04:34:05 PM Produced by the JSE SENS Department
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