BRAIT SE - Fraction rate announcement

Fraction rate announcement

Brait SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Bond Code: WKN: A1Z6XC ISIN: XS1292954812
(“Brait”, “the Company”)

FRACTION RATE ANNOUNCEMENT

Shareholders are referred to the Company’s audited financial results for the year ended 31 March
2016, released on the website of the Luxembourg Stock Exchange (“Lux SE”) and the Stock
Exchange News Service of the Johannesburg Stock Exchange (“JSE”) on 14 June 2016 (the “Audited
Results Announcement”). The bonus share issue with cash dividend alternative proposed by the
directors was approved by shareholders at the annual general meeting, as announced on 20 July
2016.

The Audited Results Announcement included the bonus share issue conversion ratio of 0.86394
New Shares for every 100 Brait shares held by shareholders on the Last Day to Trade, being 8
August 2016. Shareholders were further advised that where a shareholder's entitlement to New
Shares calculated in accordance with the above formula gives rise to a fraction of an ordinary
share, such fraction of an ordinary share will be rounded down to the nearest whole number with
the fraction being paid in cash, irrespective of whether the shareholder has completed a cash
election form or not. The fraction paid in cash will be deemed a cash dividend and treated as such
for tax purposes.

The fraction rate is EUR6.95/ZAR103.44 and has been calculated as the volume weighted average
price of a Brait share traded on the Lux SE and JSE on Wednesday, 10 August 2016 (being the day
on which the Brait share began trading ‘ex’ the entitlement to receive the Bonus share issue or
cash dividend alternative), discounted by 10% in accordance with Schedule 18 of the JSE listing
requirements. A dividend withholding tax of 15% will be applicable to all shareholders who are not
exempt from such tax. If dividends tax does apply, then the net fraction rate paid will be
EUR5.9075/ ZAR87.9240.

Example of fractional entitlement:
Assuming a shareholder holds 1,000 Brait shares on Monday 8 August 2016 (Last day to trade),
unless the shareholder elects to receive cash dividends, the shareholder will receive 1,000 *
0.86394 / 100 = 8.6394 shares. This is rounded down to 8 shares. The fraction of 0.6394 shares is
paid at the fraction rate (EUR6.95/ZAR103.44) = EUR4.44/ZAR66.14 before a deduction for any
dividend withholding tax where applicable.

Malta
11 August 2016

Brait’s primary listing is on the Euro MTF market of the Luxembourg Stock Exchange and its
secondary listing is on the Johannesburg Stock Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11/08/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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