THE STANDARD BANK OF SOUTH AFRICA LIMITED – SCIB: The Standard Bank Of South Africa – Amendment to RDFSTI Share instalment dividend announcement

2019/05/15 11:32:00
SENS announcement for JSE listed company: JSE General
                        

RDFSTI 201905150036A
SCIB: The Standard Bank Of South Africa – Amendment to RDFSTI Share instalment dividend announcement

SCIB: The Standard Bank Of South Africa Limited – REIT Distribution announcement in relation to
the RDF share
The Standard Bank of South Africa Limited
Share Code: RDFSTI
ISIN Code: ZAE000262770

15/05/2019

REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE RDF SHARE INSTALMENT

Notice is hereby given that as a result of the REIT distribution declaration
relating to
REDEFINE PROPERTIES LIMITED (RDF) shares, the holders of RDFSTI share
instalments will receive a REDEFINE PROPERTIES LIMITED (RDF) REIT distribution
of cents 49.19 (gross) per Instalment.

As per the Redefine SENS announcement issued on 14/05/2018:

Dividend withholding tax (‘dividend tax’) implications

Dividend tax implications for South African resident shareholders

Dividends received from a Real Estate Investment Trust (‘REIT’) are exempt
from dividend tax in the hands of South
African resident shareholders provided that the shareholders have provided
the requisite declaration as to residence as
detailed in paragraph 5 of the circular to Redefine shareholders dated and
posted on Monday, 6 May 2019
(the ‘circular’). South African resident shareholders, who have submitted
the requisite documentation and are exempt
from dividend tax, will accordingly receive a net dividend of 49.19 cents
per share.

Dividend tax implications for non-resident shareholders

Dividends received from a REIT by a non-resident shareholder will be subject
to dividend tax at 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 shareholder. A reduced
dividend withholding rate in terms of the
applicable DTA may only be relied upon if the non-resident shareholder has
provided the requisite documentation as
detailed in paragraph 5 of the circular. Non-resident shareholders who have
submitted the requisite documentation and
assuming that a dividend tax rate of 20% is applicable, will accordingly
receive a net dividend of 39.352 cents per
share.

Due to the fact that the cash dividend or share reinvestment alternative may
have tax implications for resident and
non-resident shareholders, shareholders are encouraged to consult their
professional advisors should they be in any
doubt as to the appropriate action to take.

Last date to trade cum REIT distribution Tuesday, 21/05/2019
Ex- REIT distribution Date Wednesday, 22/05/2019
Record Date Friday, 24/05/2019
Payment Date Monday, 27/05/2019

For more details relating to this REIT distribution please refer to the SENS
announcement issued by REDEFINE PROPERTIES LIMITED on 06/05/2019

For further information contact:
Standard Bank Warrants
Tel 0800 111 780
Email: derivatives@standardbank.co.za
Issuer: The Standard Bank of South Africa Limited
Sponsor: SBG Securities (Pty) Limited

This notice should be read together with the Common Terms Document, Conditions
Annexure and relevant Supplement which collectively record the terms and
conditions of the agreement between the Issuer and Warrant holders.

Date: 15/05/2019 11:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

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