SHAFTESBURY CAPITAL PLC - 2023 interim cash dividend - exchange rate

2023 interim cash dividend - exchange rate

SHAFTESBURY CAPITAL PLC
(formerly Capital & Counties Properties PLC)
(Incorporated and registered in the United Kingdom
with Registration Number 07145051 and
registered in South Africa as an external company
with Registration Number 2010/003387/10)
JSE code: SHC ISIN: GB00B62G9D36
LEI: 549300TTXXZ1SHUI0D54
("the Company")


2023 INTERIM CASH DIVIDEND - EXCHANGE RATE


This announcement sets out additional information relating to the 2023 interim cash dividend of 1.5
pence per ordinary share (to be paid wholly as an ordinary dividend), which is to be paid on Monday
18 September 2023 to all shareholders registered on Friday 25 August 2023.

Exchange Rate for 2023 Interim Cash Dividend:

The Company confirms that the ZAR exchange rate for the 2023 interim cash dividend will be 24.07150
ZAR to 1 GBP, which is the rate determined on 14 August 2023.

On this basis, shareholders who hold their shares via the South African register will receive a cash
dividend of 36.10725 ZAR cents per ordinary share.

SA DIVIDENDS TAX

The 2023 interim cash dividend will be treated as an ordinary UK company dividend. SA Dividends Tax
will also apply, where applicable. Details of the withholding tax (per ordinary share) are set out below:

                                                                            UK (p)     SA (ZAR cents)
 Total (gross)                                                                 1.5           36.10725
 Less SA dividends tax (20%)                                                     -            7.22145
 Net ordinary dividend (Non-PID) payable                                       1.5           28.88580

Information for shareholders:

The information below is included only as a general guide to taxation for shareholders based on the
Company's understanding of the law and the practice currently in force. Any shareholder who is in any
doubt as to their tax position should seek independent professional advice.

UK shareholders

There is no PID element of the interim cash dividend. The entire interim cash dividend will be paid as
an ordinary dividend (Non-PID) and therefore treated as an ordinary UK company dividend.

South African shareholders

The 2023 interim cash dividend declared by the Company is a foreign payment and the funds are
sourced from the UK.

PIDs: There is no PID element of the 2023 interim cash dividend.

Non PID: The entire 2023 interim cash dividend will be paid as an ordinary UK dividend (Non-PID), and
as such the 2023 interim cash dividend will be exempt from income tax but will constitute a dividend
for SA Dividends Tax purposes, as it will be declared in respect of a share listed on the exchange
operated by the JSE. SA Dividends Tax will therefore be withheld from the 2023 interim cash dividend
at a rate of 20 per cent, unless a shareholder qualifies for an exemption and the prescribed
requirements for effecting the exemption are in place by the requisite date.

The salient dates in the dividend timetable published in the announcement published on 3 August
2023 remain unchanged.


Enquiries
Ruth Pavey
Company Secretary
Shaftesbury Capital PLC
+ 44 (0) 20 3214 9170

15 August 2023


Sponsor
Java Capital

Date: 15-08-2023 10:00:00
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