NEW FRONTIER PROPERTIES LIMITED - Finalisation announcement in respect of the interim dividend for the six months ended 28 February 2018

Finalisation announcement in respect of the interim dividend for the six months ended 28 February 2018

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)

FINALISATION ANNOUNCEMENT IN RESPECT OF THE INTERIM DIVIDEND FOR THE SIX MONTHS ENDED 28 FEBRUARY 2018

Shareholders are referred to the Company’s results for the six months ended 28 February 2018 and to the dividend
declaration and salient dates announcement, released on 13 April 2018, wherein they were advised that the board of
directors of the Company had proposed an interim dividend of 3.0 pence per share in respect of the half year ended 28
February 2018.

    -   Shareholders are advised that the total dividend of 3.0 pence per share will be paid as follows: 2.91829 pence
        (97.27643%) will comprise a property income distribution (“PID”). The PID will be subject to a deduction of
        20% UK withholding tax unless exemptions apply.
    -   0.08171 pence (2.72357%) will comprise a non-PID. The non-PID will be treated as an ordinary UK company
        dividend, with no withholding tax deducted.

Shareholders on the South African (“SA”) share register are advised that the South African Rand exchange rate for the
dividend will be 16.95860 ZAR to 1 GBP, resulting in a gross local dividend amount of 50.87580 ZAR cents per
share.

Accordingly, shareholders will be paid a dividend per share as follows;
                                      
                                     Shareholders on the Mauritius           Shareholders on the South
                                              share register                    African share register

Non-PID element                              0.08171 pence                         1.38569 ZAR cents
Plus
PID element (gross)                          2.91829 pence                        49.49011 ZAR cents
*Less 20% withholding tax                    0.58366 pence                         9.89802 ZAR cents
PID element (net)                            2.33463 pence                        39.59209 ZAR cents

*Certain categories of shareholders may apply for exemption, in which case the PID element will be paid gross.

The salient dates for the dividend are set out below:

                                                                                                      2018
Last day to trade cum dividend                                                            Monday, 30 April
Securities trade ex dividend                                                              Wednesday, 2 May
Record date                                                                                  Friday, 4 May
Payment date on or after                                                                     Monday, 7 May

No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 2 May 2018 and Friday,
4 May 2018, both dates inclusive. No transfer of shares between sub-registers in Mauritius and South Africa may take place
between Friday, 20 April 2018 and Friday, 4 May 2018, both dates inclusive.

NOTES FOR SHAREHOLDERS ON THE SA SHARE REGISTER

South African shareholders are advised that the dividend will be regarded as a foreign dividend and may be subject to
South African dividends withholding tax. Accordingly South African shareholders may be subject to a dividend
withholding tax rate of 20%, unless an exemption, as set out in the South African tax legislation, applies. The receipt of
the cash dividend may have tax implications for shareholders who are resident in Mauritius or other countries other than
South Africa. New Frontier shareholders are advised to consult their professional advisors regarding the tax consequence
of the dividend should they be in any doubt as to the appropriate action they should take.
The above information and the guidelines on the taxation of dividends are provided as a general guide based on the
Company’s understanding of the law and practice currently in force. Any shareholder who is in any doubt as to their tax
position should seek independent professional advice.

New Frontier has primary listings on the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of
the JSE.

By order of the board

20 April 2018

This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of
Reporting Issuers) Rules 2007. The Board of New Frontier Properties Ltd accepts full responsibility for the accuracy
of the information in this notice

For further information please contact:

JSE sponsor
Java Capital                                       +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd         +230 650 4030

Date: 20/04/2018 10:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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