THE STANDARD BANK OF SOUTH AFRICA LIMITED - SCIB: The Standard Bank Of South Africa - Adjustment to Share installment divi announcement

SCIB: The Standard Bank Of South Africa - Adjustment to Share installment divi announcement

SCIB: The Standard Bank Of South Africa Limited – REIT Distribution announcement in relation to
the GRT share
The Standard Bank of South Africa Limited
Share Code: GRTSTA
ISIN Code: ZAE000286662

16/11/2020

REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE GRT SHARE INSTALMENT

Notice is hereby given that as a result of the REIT distribution declaration
relating to
GROWTHPOINT PROPERTIES LIMITED (GRT) shares, the holders of GRTSTA share
instalments will receive a GROWTHPOINT PROPERTIES LIMITED (GRT) REIT
distribution of cents 40 (gross) per Instalment.

Tax implications for non-resident shareholders

Dividends received by non-resident shareholders from a REIT will not be
taxable as income and instead will be treated as ordinary dividends which
are exempt from income tax in terms of the general dividend exemption
section 10(1)(k) of the Income Tax Act. Any dividend received by a non-
resident from a REIT is 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.

Assuming dividend tax will be withheld at a rate of 20%, the net amount due
to non-resident shareholders is 32 cents per share. A reduced dividend
withholding tax rate in terms of the applicable DTA may only be relied on if
the non-resident shareholder has provided the following forms to their 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 of
the application of the DTA; and a written undertaking to inform the CSDP
broker or the company, as the case may be, should the circumstances
affecting the reduced rate change or the beneficia owner cease to be the
beneficial owner, both in the form prescribed by the Commissioner of the
South African Revenue Service.

If applicable, non-resident shareholders are advised to contact the CSDP,
broker or the company to arrange for the abovementioned documents to be
submitted prior to payment of the dividend if such documents have not
already been submitted.

Last date to trade cum REIT distribution Tuesday, 01/12/2020
Ex- REIT distribution Date Wednesday, 02/12/2020
Record Date Friday, 04/12/2020
Payment Date Monday, 07/12/2020

For more details relating to this REIT distribution please refer to the SENS
announcement issued by GROWTHPOINT PROPERTIES LIMITED on 06/10/2020

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: 16-11-2020 12:15:00
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