The Satrix Resi endeavours to replicate the performance of the FTSE/JSE Resources 20 index. This index consists solely of resources based stocks, including mining companies, mining holding companies, mining finance and exploration companies and resource based stocks, such as Sasol.

The asset manager of the Satrix Resi accurately replicates the FTSE/JSE Resources 20 index, by holding the exact weighting and number of shares that constitute this index. Dividends paid by the underlying companies, less expenses incurred by managing the portfolio, are paid out to Satrix Resi shareholders
on a quarterly basis. In this way the holders of Satrix Resi securities replicate the total performance (capital plus dividend yield) of the top 20 major resources companies listed on the JSE.

Own the Resources Section of the JSE through Satrix Resi!!


FTSE/JSE Resources 20 Index
Since the introduction of the FTSE/JSE Resi 20 in 1998, it has grown at a pace more than twice that of the JSE All Share Index. Clearly, the conditions in global commodity markets, the impact of the gradual weakening of the rand exchange rate and the dedicated exposure to the South African resources sector have combined to make the Resi 20 index the prime performer amongst the main JSE indices.

Portfolio Diversification
The Satrix Resi provides a weighted spread of locally listed resource companies, thereby offering exposure to the global commodity price boom and also providing a significant rand hedge facility. Investors looking for prime exposure to the South African resources sector, but without the risk of exposure to only one or two shares in this sector, can select the Satrix Resi and obtain exposure to the 20 top companies listed on the JSE in this sector of the market. This diversification reduces risk and provides exposure to a broad basket of commodity producing companies.

COMPONENTS OF THE SATRIX RESI PORTFOLIO (as at 30 November 2009)
	% of Portfolio
General Mining	61,72
Gold Mines	14,33
Platinum Mines	12,13
Oil & Gas	11,59
Cash	0,23

Performance

PERFORMANCE DATA
(Sept to Sept)** (per annum)	STXRESI Fund**	RESI20 Index Performance (total return)
1 year return	2,81%	1,09%
3 year return	-12,39%	-12,32%
5 year return	3,54%	3,89%
**	Fund established April 2006. Returns calculated for lump sum investments. All dividends reinvested.

Low Cost
Satrix Resi does not charge substantial management fees or other advisory and ongoing costs, common to other managed investments. The income Satrix earns from scrip lending activities cover a portion of the running costs of the Satrix Trusts.

The only costs involved with the purchase or sale of Satrix securities are the brokerage and other JSE transaction costs incurred as with any listed security. A big advantage is that by purchasing Satrix Resi you only pay brokerage and other transaction costs once, and not twenty times, which would be the case if you were to purchase the index constituent shares separately. Satrix securities can also be held and transacted through various management account portfolios, such as the Satrix Investment Plan.

In the case of the Satrix Investment Plan, which is administered by Automated Outsourcing Services Limited (AOSL), transaction costs (brokerage) of 0,1% is levied on purchases and sales of Satrix securities. Annual management fees, charged by AOS, are as follows:

Investment Plan Administration Fees (for both lump sum and debit order investments)

Annual administration fee: (calculated daily and deducted quarterly)

Total Investment Per Fund	Fee
R0 to R100 000	0,80%
R100 000 to R250 000	0,75%
R250 000 to R1 000 000	0,70%
R1 000 000 to R3 000 000	0,50%
R3 000 000 or more	0,45%

Transaction Fees
Debit order fee: R3.50
Stock brokerage fees: 0.10% (buying and selling)
Nominal Strate and Investor Protection levies will also be charged.
Where a financial adviser is used, commissions will be charged (as scheduled in Section 8).
All fees quoted are exclusive of VAT. VAT will be levied where applicable

Satrix Resi is traded all day on the JSE and its price is subject to trading in the marketplace. The price of Satrix securities can be obtained from any media publication that reports JSE prices.

All settlement, registration, recording and guarantee of trade is done through the normal JSE market systems.

Official market makers have been appointed by Satrix to ensure that investor´s transactions will be accommodated in the market.

Regulation and Disclosure
Satrix Resi is subject to the same regulations, reporting and compliance requirements of any listed company on the JSE. Satrix Resi is also registered as a Collective Investment Scheme and is therefore subject to the regulation of the Financial Services Board. Satrix Managers (Pty) Ltd is registered as a Financial Services Provider.