AFRICAN & OVERSEAS ENTERPRISES LIMITED - Declaration of cash dividend in respect of the 6% cumulative participating preference shares

Declaration of cash dividend in respect of the 6% cumulative participating preference shares

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO          ISIN: ZAE000000485
JSE share code: AON          ISIN: ZAE000009718
JSE share code: AOVP         ISIN: ZAE000000493
("AOE")


DECLARATION OF CASH DIVIDEND IN RESPECT OF THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES


Notice is hereby given that a cash dividend ("preference share dividend") on the 6% cumulative participating
preference shares ("preference shares") for the six months ending 30 June 2023 at the rate of 6% per annum (6.00 cents
per preference share) has been declared and will be paid on Monday, 7 August 2023 to all holders of preference shares
("preference shareholders") recorded in the register of AOE at close of business on Friday, 4 August 2023.

The salient dates of the preference share dividend are as follows:

Last date to trade cum preference share dividend:                                             Tuesday, 1 August 2023
Preference shares trade ex preference share dividend:                                       Wednesday, 2 August 2023
Record date:                                                                                   Friday, 4 August 2023
Payment date:                                                                                  Monday, 7 August 2023

Preference share certificates may not be dematerialised or rematerialised between Wednesday, 2 August 2023 and
Friday, 4 August 2023, both dates inclusive.


Preference shareholders are advised of the following additional information:


1.      the preference share dividend has been declared out of income reserves;
2.      the local dividend tax rate is 20%;
3.      the gross local preference share dividend amount is 6.00 cents per preference share for preference shareholders;
4.      the net local preference share dividend amount for preference shareholders:
        4.1.      exempt from payment of dividends tax is 6.00 cents per preference share; and
        4.2.      liable to pay dividends tax is 4.80 cents per preference share;
5.      the issued preference share capital of AOE is 275 000 6% cumulative participating preference shares of R2.00
        each;
6.      the issued ordinary share capital of AOE is 1 618 750 ordinary shares of no par value and 10 221 921 "N"
        ordinary shares of no par value; and
7.      AOE's tax reference number is 9010/017/03/7.

14 July 2023


Sponsor
Java Capital

Date: 14-07-2023 02:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.