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Spanjaard Limited - Declaration Of Ordinary Dividend No. 25

Release Date: 25/02/2014 15:24:00      Code(s): SPA     
SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share code: SPA         ISIN: ZAE000006938

(?Spanjaard? or ?the company?)

DECLARATION OF ORDINARY DIVIDEND NO. 25

Notice is hereby given that Final Dividend No. 25 of 12 (twelve) cents per ordinary share has been declared for
the financial year ending 28 February 2014.

The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April 2012. In
accordance with the provisions of the Listings Requirements of the Johannesburg Stock Exchange, the following
additional information is disclosed:

    -   the dividend has been declared out of profits available for distribution

    -   the local Dividends Tax rate is 15%

    -   the gross local dividend amount is 12 cents per share for shareholders exempt from Dividends Tax

    -   no Secondary Tax on Companies? credits have been utilised

    -   the net local dividend amount is 10,2 cents per share for shareholders liable for Dividends Tax

    -   Spanjaard has 8 142 850 ordinary shares in issue

    -   Spanjaard?s income tax reference number is 9543 676 84 6.


The dividend will amount to R977 142 (August 2013 interim dividend R1 221 428) and the directors confirm that
the company has adequate cash resources at its disposal for this purpose out of the current year?s consolidated
profit before tax, which is forecast to be R5 080 000. This forecast, which is based upon the interim results of
the company for the six months ended 31 August 2013 and the management accounts up to and including
20 February 2014, has not been reviewed or reported on by the auditors of the company.

The following dates are applicable to the dividend:

The last date to trade in order to be eligible for the dividend will be Friday, 16 May 2014

Shares will trade ex-dividend from Monday, 19 May 2014

The record date will be Friday, 23 May 2014 and payment will be made on Monday, 26 May 2014.

Share certificates may not be dematerialised/ rematerialised between Monday, 19 May 2014 and Friday, 23 May
2014, both days inclusive.


By order of the board

SF Venter

Company Secretary
25 February 2014
Registered Office
748-750 Fifth Street
Wynberg
Sandton
2090

Transfer secretaries
Computershare Investor Services Proprietary Limited
70 Marshall Street
Johannesburg

Sponsor
Arcay Moela Sponsors Proprietary Limited

Date: 25/02/2014 03:24:00 Supplied by www.sharenet.co.za                     
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