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JSE ITXEU
ITX
Itrix Eurostoxx 50 - Distribution Announcement
ITRIX EUROSTOXX 50
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: ITXEU & ISIN: ZAE000071858
("ITRIX EUROSTOXX 50")
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 Eurostoxx
50 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
EUR 0.07465 (seven comma four six five cents) per Itrix Eurostoxx 50
security, less the applicable management fee as detailed in the Second
Supplement to the Offering Circular and Pre-listing Statement dated 19
September 2005 (the "EUR distribution amount").
* The EUR 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 the 31 August 2006.
Holders of Itrix Eurostoxx 50 securities who hold 100,000 or more Itrix
Eurostoxx 50 securities may elect to receive the distribution in EUR payable to
their "foreign EUR cash account held at their applicable EUR 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 August 2006, failing
which holders will be paid the ZAR equivalent referred to above.
WITHHOLDING TAX
The EUR 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) on dividends at an
effective rate of 23.67% (twenty three comma six seven percent). The EUR
distribution amount of EUR 0.07465 per Itrix Eurostoxx 50 security is calculated
as follows:
* Gross foreign dividends of EUR 0.09758 (nine comma seven five eight
cents)
* Less withholding tax of EUR 0.0231 (two comma three one cents)
* Plus other income (interest) of EUR 0.00015 (zero comma zero one five
cents).
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 04:33:15 PM Produced by the JSE SENS Department
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