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

2018-01-12 16:07:00

SYGUS 201801120040A
Distribution Announcement – Period Ended 31 December 2017 – Update - SYGUS

The Sygnia Itrix Collective Investment Scheme
Sygnia Itrix MSCI USA Index ETF
JSE code: SYGUS
ISIN: ZAE000249546
(“SYGUS 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 SYGUS securities are advised that the net distribution payable
on Wednesday 17 January 2018 will be a minimum amount of ZAR 0.12218 per
SYGUS security. This is based on the ZAR/USD exchange rate prevailing on
Thursday, 11 January 2018 of 12.361516.

The net ZAR distribution    amount   of   ZAR   0.12218   per    SYGUS       security    is
calculated as follows:

   -   Gross foreign dividends of ZAR 0.28958 (two eight point nine five
       eight cents);
   -   Less: Foreign withholding tax of ZAR 0.04453 (four point four five
       three cents);
   -   Plus: Foreign exchange income of ZAR 0.00014 (zero point zero one
       four cents);
   -   Plus: Interest of ZAR 0.00003 (zero point zero zero three cents);

   -   Less: Management fee of ZAR 0.12304 (one two point three zero
       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

Date: 12/01/2018 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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