DEUTSCHE KONSUM REIT-AG - Notice Of Dividend Currency Exchange Rate (South African Rand)

Notice Of Dividend Currency Exchange Rate (South African Rand)

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89
(“DKR” or “the Company”)

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

Shareholders are referred to the announcement released on SENS on 28 June 2023. In
respect of the year ending 30 September 2022 the management board and the supervisory
board of the Company have proposed a dividend distribution of Euro 0.12 per share for a total
amount of EUR 4.22 million, which is subject to shareholder approval at the next annual
general meeting of the Company to be held on 13 July 2023.

In South Africa, the last day to trade will be Wednesday, 12 July 2023 and the ex-dividend
date will be Thursday, 13 July 2023. Shares cannot be moved between the South African
register and the German register between Thursday, 13 July 2023 and Monday, 17 July 2023,
both days inclusive. Shares may not be dematerialised or rematerialised in South Africa
between Thursday, 13 July 2023 and Monday, 17 July 2023, both days inclusive.

The dividend will be paid in Euro to shareholders on the German register and Rand to
shareholders on the South African register. The currency exchange rate applicable for the
dividend payable in South African cents to shareholders on the South African register is based
on the exchange rate on 11 July 2023 and is set out below:

 Declared dividend              Exchange rate                  Dividend in South
                                                               African cents per share

 Euro 0.12 per share            20.6347                        247.61640

The Company has a total of 35,155,938 shares in issue on the date of this announcement.
The dividend will be distributed by the Company (German tax registration number
046/100/02493) and is regarded as a foreign dividend for South African resident shareholders
on the JSE.

In accordance with German tax laws, DKR’s gross dividend distribution is subject to dividend
withholding tax (“German DWT”) at a rate of 25%, plus a solidarity surcharge equal to 5.5%
of the 25% German DWT (“Surcharge”), which equates to an effective rate of 26.375%.

In accordance with the double taxation agreement between Germany and South Africa
(“DTA”), upon application to the German Federal Central Tax Office, South African resident
shareholders on the JSE will be reimbursed 10% of the German DWT and the Surcharge
(“German Tax Reimbursement”), reducing the effective rate to 15%.

Accordingly, South African resident shareholders on the JSE who are exempt from South
African dividend withholding tax (“SA DWT”) will, after receiving the German Tax
Reimbursement, be subject to an effective dividend withholding tax rate of 15%. This will
equate to a gross dividend of 247.61640 cents per share, a net dividend of 210.47394 cents
per share if the German Tax Reimbursement is claimed and a net dividend of 182.30757 cents
per share if the German Tax Reimbursement is not claimed.

South African resident shareholders on the JSE who are not exempt from SA DWT will be
subject to South African dividend withholding tax at a rate of 20%, however such shareholders
will qualify for a 15% reduction in SA DWT. The ultimate result in such case is that the dividend
will be subject to the reduced German DWT rate of 15% and SA DWT rate of 5%. The SA
DWT rate of 5% will be applicable even if the German Tax Reimbursement is not claimed.
This will equate to a gross dividend of 247.6164 cents per share, a net dividend of 198.09312
cents per share if the German Tax Reimbursement is claimed and a net dividend of 169.92675
cents per share if the German Tax Reimbursement is not claimed.

DKR has a primary listing on the Prime Standard on the Frankfurt Stock Exchange and a
secondary listing on the JSE.
Potsdam, 11 July 2023

JSE Sponsor
PSG Capital

Date: 11-07-2023 10:15:00
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