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URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20170516_S384715.pdf] Symbol [RDFSTG] SCIB: Amendment to REIT distribution announcement in relation to RDF share instalment - RDFSTGAmendment to REIT distribution announcement in relation to RDF share instalmentThe Standard Bank of South Africa LimitedShare Code: RDFSTGISIN Code: ZAE00022760916/05/2017REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE RDF SHARE INSTALMENTNotice is hereby given that as a result of the REIT distribution declarationrelating toREDEFINE PROPERTIES LIMITED (RDF) shares, the holders of RDFSTG shareinstalments will receive a REDEFINE PROPERTIES LIMITED (RDF) REIT distributionof cents 44.82 (gross) per Instalment.As per the Redefine SENS announcement issued on 08/05/2017:The REIT structure is a tax regime that allowsa REIT to deduct qualifying distributions paid to investors, in determining itstaxable income. The cash dividend of 44,82000 cents per share meets therequirements of a qualifying distribution forthe purposes of section 25BB of the Income Tax Act (a qualifying distribution)with the result that:Qualifying distributions received by resident Redefine shareholders must beincluded in the gross income of such shareholders (as a non-exempt dividend interms of section 10(1)(k)(aa) of the Income Tax Act), with the effect that thequalifying distribution is taxable as income in the hands of the Redefineshareholder. These qualifying distributions are, however, exempt from dividendswithholding tax, provided that the South African resident shareholders providedthe following forms to their CSDP or broker, as the case may be, in respect ofuncertificated shares, or the company, in respect of certificated shares:- a declaration that the dividends are exempt from dividends tax; and- a written undertaking to inform the CSDP, broker or the company, as the casemay be, should the circumstances affecting the exemption change or thebeneficial owner cease to be the beneficial owner, both in the form prescribedby the Commissioner for the South African Revenue Service.Shareholders are advised to contact their CSDP, broker or the company, as thecase may be, to arrange for the abovementioned documents to be submitted priorto payment of the distribution,if such documents have not already beensubmitted.- Qualifying distributions received by non-resident Redefine shareholders willnot be taxable as income and instead will be treated as ordinary dividends, butwhich are exempt in terms of the usual dividend exemptions per section 10(1)(k)of the Income Tax Act. On 22 February 2017, the dividends withholding tax ratewas increased from 15% to 20% and accordingly, any qualifying distribution willbe subject to dividends withholding tax at 20%, unless the rate is reduced interms of any applicable agreement for the avoidance of double taxation (DTA)between South Africa and the country of residence of the shareholder. Assumingdividends withholding tax will be withheld at a rate of 20%, the net dividendamount due to non-resident shareholders is 35,8560 cents per share.A reduced dividend withholding rate in terms of the applicable DTA, may only berelied upon if the non-resident shareholder has provided the following forms totheir CSDP or broker, as the case may be, in respect of uncertificated shares,or the company, in respect of certificated shares:- a declaration that the dividend is subject to a reduced rate as a result ofthe application of a DTA; and- a written undertaking to inform their CSDP, broker or the company, as thecase may be,should the circumstances affecting the reduced rate change or thebeneficial owner cease to be the beneficial owner both in the form prescribed bythe Commissioner for the SouthAfrican Revenue Service.Non-resident shareholders are advised to contact their CSDP, broker or thecompany, as the case may be, to arrange for the abovementioned documents to besubmitted prior to payment of the dividend if such documents have not alreadybeen submitted, if applicable.Last date to trade cum REIT distribution Tuesday, 30/05/2017Ex- REIT distribution Date Wednesday, 31/05/2017Record Date Friday, 02/06/2017Payment Date Monday, 05/06/2017For more details relating to this REIT distribution please refer to the SENSannouncement issued by REDEFINE PROPERTIES LIMITED on 08/05/2017For further information contact:Standard Bank WarrantsTel 0800 111 780Email: [email protected]Issuer: The Standard Bank of South Africa LimitedSponsor: SBG Securities (Pty) LimitedThis notice should be read together with the Common Terms Document, ConditionsAnnexure and relevant Supplement which collectively record the terms andconditions of the agreement between the Issuer and Warrant holders.Date: 16/05/2017 12:04:00 Produced by the JSE SENS Department. 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