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TAS - Taste Holdings Limited - Update on Dividend Declaration TASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/002239/06) JSE code: TAS ISIN: ZAE000081162) ("the company") UPDATE ON DIVIDEND DECLARATION The reviewed provisional condensed financial results for the year ended 29 February 2012 which were released on SENS on 23 May 2012 and published in the press on 24 May 2012 contained a dividend declaration which has been updated. The company is releasing this update as it was incorrectly advised as to the utilisation of the STC credits. The gross dividend amount was therefore incorrectly stated. The company has subsequently sought further professional advice on this matter which has resulted in the updated declaration. Notwithstanding the amendment of the gross dividend, the net dividend of 4.0 cents per share to shareholders remains unchanged. The dividend declaration has been updated as follows: Notice is hereby given that a final gross cash dividend of 4.0 cents per ordinary share, payable out of income in respect of the year ended 29 February 2012, has been declared by the directors. The total STC credits on which the relevant tax was paid at the time and utilised as part of this declaration amount to R7 835 251.64. The number of ordinary shares in issue at the date of this declaration is 195 881 291 and consequently the STC credits utilised amount to 4.0 cents per share. The gross dividend is therefore not subject to local dividends tax. The resultant net dividend amount is 4.0 cents per share. There are no further STC credits to carry forward and therefore the local dividend tax rate of 15% will apply to non-exempt shareholders on any future dividends paid by the company. This net dividend represents an increase of 33% over the maiden dividend declared last year. The company`s tax reference number is 9493089149P. In compliance with the requirements of Strate, the electronic and custody system used by the JSE, the following dates are applicable: Last day to trade cum-dividend Friday, 29 June 2012 Shares commence trading ex- Monday, 2 July 2012 dividend Record date Friday Friday, 6 July 2012 Payment of dividend Monday, 9 July 2012 Share certificates may not be dematerialised or rematerialised between Monday, 2 July 2012 and Friday, 6 July 2012, both dates inclusive. On Monday, 9 July 2012 the cash dividend will be electronically transferred to the bank accounts of all certificated shareholders where this facility is available. Where electronic fund transfer is not available or desired, cheques dated 9 July 2012 will be posted on that date. Dematerialised shareholders` accounts with their CSDP or broker will be credited on Monday, 9 July 2012 JOHANNESBURG 4 JUNE 2012 SPONSOR VUNANI CORPORATE FINANCE Date: 04/06/2012 13:00:02 Supplied by www.sharenet.co.za 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.
