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URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20171115_S391970.pdf] Symbol [RDFSTH] SCIB: The Standard Bank Of South Africa - REIT distribution announcement - RDFSTHSCIB: The Standard Bank Of South Africa Limited ? REIT Distribution announcement in relation tothe RDF shareThe Standard Bank of South Africa LimitedShare Code: RDFSTHISIN Code: ZAE00024998315-11-2017REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE RDF INSTALMENTNotice is hereby given that as a result of the REIT distribution declarationrelating toREDEFINE PROPERTIES LIMITED (RDF) shares, the holders of RDFSTH shareinstalments will receive a REDEFINE PROPERTIES LIMITED (RDF) REIT distributionof cents 47.18 (gross) per Instalment.As per the Redefine SENS announcement issued on 06/11/2017:Tax implicationsRedefine was granted REIT status by the JSE with effect from 1 September 2013 inline with the REIT structure as provided for in the Income Tax Act, No 58 of1962, as amended (the Income Tax Act), and section 13 of the JSE ListingsRequirements. The REIT structure is a tax regime that allows a REIT to deductqualifying distributions paid to investors, in determining its taxable income.The cash dividend of 47.18000 cents per share meets the requirements of aqualifying distribution for the 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; andA 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 areadvised to contact their CSDP, broker or the Company, as the case may be, toarrange for the abovementioned documents to be submitted prior to payment of thedistribution, if such documents have not already been submitted; and- 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. It should be noted that until 31 December 2013,qualifying distributions received by non-residents were not subject to dividendswithholding tax. On 22 February 2017, the dividends withholding tax rate wasincreased from 15.0% to 20.0% and accordingly, any qualifying distribution willbe subject to dividends withholding tax at 20.0%, 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 20.0%, the net dividendamount due to non- resident shareholders is 37.74400 cents per share. A reduceddividend withholding rate in terms of the applicable DTA may only be relied uponif the non-resident shareholder has provided the following forms to their CSDPor broker, as the case may be, in respect of uncertificated shares, or theCompany, in respect of certificated shares:A declaration that the dividend is subject to a reduced rate as a result of theapplication of a DTA; and A written undertaking to inform their CSDP, broker orthe Company, as the case may be, should the circumstances affecting the reducedrate change or the beneficial owner cease to be the beneficial owner Both in theform prescribed by the Commissioner for the South African 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, 28-11-2017Ex- REIT distribution Date Wednesday, 29-11-2017Record Date Friday, 01-12-2017Payment Date Monday, 04-12-2017For more details relating to this REIT distribution please refer to the SENSannouncement issued by REDEFINE PROPERTIES LIMITED on 06-11-2017For 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: 15/11/2017 08:46:00 Produced by the JSE SENS Department. 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