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Distribution Finalisation Announcement 2 Months Ended 28 February 2025 - STXCAP:

SATRIX COLLECTIVE INVESTMENT SCHEME

SATRIX CAPPED ALL SHARE ETF

JSE code: STXCAP

ISIN: ZAE000303905

("Satrix Cap")

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 2 MONTHS ENDED 28 FEBRUARY 2025

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 Satrix Cap securities ('investors') recorded in the register on Thursday, 20

March 2025 in respect of the 2 months ended 28 February 2025.

An aggregate amount of 6.23000 cents (R0.06230) per Satrix Cap security is declared as follows:

Dividend

Alpha Code: STXCAP Dividend Dividend Dividend *Interest Total

(64N > DTA)

Foreign SA Foreign SA Foreign SA

Distribution Source type Local Listed Listed Listed Local

Net Distribution Reinvested No No No No No

Source of Funds (Country Code) ZA GB GG GG ZA

Subject to Foreign Withholding tax No No No Yes No

Gross Foreign Rate (cents per unit) 2.06501 0.09558 0.07143

Foreign Tax % withheld at source 20.00000%

Foreign Tax amount per unit 0.01429

DTA with Source Country 15.00000%

Foreign Tax Reclaim % 5.00000%

Portfolio/Management Cost 0.00839

Interest Expense

Other costs

Gross ZA Distribution (Cents per unit) 3.94351 2.06501 0.09558 0.04875 0.07715 6.23000

**Applicable to non-exempt South African shareholders

Gross Local Rate (cents per unit) 3.94351 2.06501 0.09558 0.06304 0.07715

SA Withholding Tax % 20.00000% 20.00000% 20.00% 5.00000%

SA Withholding Tax amount per unit 0.78870 0.41300 0.01912 0.00315

Local Net Rate 3.15481 1.65201 0.07646 0.04560 0.07715 5.00603

Notice is hereby given that the following dates are of importance in regard to the distribution for the 2 months ended 28 February 2025 by

the ETF to holders of Satrix Cap securities:

Last day to trade "cum" distribution: Monday, 17 March 2025

Securities trade "ex" distribution: Tuesday, 18 March 2025

Record date: Thursday, 20 March 2025

Payment date: Monday, 24 March 2025

The distribution will be paid on Monday, 24 March 2025 to all securities holders recorded in the register on Thursday, 20 March 2025.

*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

12 March 2025

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Date: 12-03-2025 05:45:00

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