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JSE ITXUK
ITXUK
ITXUK - ITRIX FTSE - 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 29 December 2006
("holders"), in respect of the period ended 31 December 2006.
Details of the distribution are set out below:
- The distribution payable to holders will be an amount in ZAR
equivalent to GBP 0.08412 (eight point four one 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 the 30 January 2007, details of which will
be published on SENS on 31 January 2007.
- The distribution will be paid to holders on or about 2 February 2007.
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 26 January 2007,
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. The
GBP distribution amount of GBP 0.08412 per Itrix FTSE security is
calculated as follows:
- Gross foreign dividends of GBP 0.08825(eight point eight two five
pence)
- Less withholding tax of GBP 0.00946(zero point nine four six pence)
- Plus other income (foreign interest) of GBP 0.00533 (zero point five
three three 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
19 January 2007
Manager
Itrix Managers (Proprietary) Limited
Sponsor
Java Capital (Proprietary) Limited
Trustee
The Standard Bank of South Africa Limited
Date: 19/01/2007 17:01:03 Produced by the JSE SENS Department.
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