SYGNIA ITRIX (RF) PROPRIETARY LIMITED - Distribution Announcement Period Ended 31 December 2017 Update - SYGUK

2018-01-12 16:00:00

SYGUK 201801120036A
Distribution Announcement – Period Ended 31 December 2017 – Update - SYGUK

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix FTSE 100 ETF
JSE code: SYGUK
ISIN: ZAE000249520
(“SYGUK or the “ETF”)

A portfolio in the Sygnia Itrix Collective Investment Scheme in Securities,
registered as such in terms of the Collective Investment Schemes Control
Act, 45 of 2002.

DISTRIBUTION ANNOUNCEMENT – PERIOD ENDED 31 DECEMBER 2017 - UPDATE

Further to the announcement released on SENS on Thursday, 4 January 2018,
holders of SYGUK securities are advised that the net distribution payable
on Wednesday 17 January 2018 will be a minimum amount of ZAR 1.50166 per
SYGUK security. This is based on the ZAR/GBP exchange rate prevailing on
Thursday, 11 January 2018 of 16.7221141.

The net ZAR distribution    amount   of   ZAR   1.50166   per    SYGUK        security    is
calculated as follows:

-       Gross foreign dividends of ZAR 2.52612 (two five two point six one
        two cents);
-       Less:   Foreign withholding tax of ZAR 0.05436 (five point four
        three six cents);
-       Less: Equalisation of ZAR 0.34302 (three four point three zero two
        cents);
-       Plus: Interest of ZAR 0.00006 (zero point zero zero six cents);
-       Less: Foreign exchange income of ZAR 0.00140 (zero point one four
        zero cents);
-       Less: Management fee of ZAR 0.62574 (six two point five seven four
        cents);


All income derived is      foreign   in   nature   and    does     not        include    any
manufactured dividends.

This amount will be adjusted upwards for larger investors who are liable
for less than the 0.75% management fee.

Investors are advised that the full fee            details       may     be     viewed    on
www.sygnia.co.za/etfs/etf-and-etn-fund-range.

The aggregate amount payable to each investor will be rounded down to the
nearest cent. The balance (if any) will be retained and paid out in the
following distribution period.

All amounts have been rounded to the fifth decimal point.

12 January 2018

Manager
Sygnia Itrix Collective Investment Scheme

Trustee
The Standard Bank of South Africa Limited

Sponsor
Vunani Corporate Finance

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