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CSO - Capital Shopping Centres Group PLC - Exchange rate for 2010 final

Release Date: 20/05/2011 11:00
Code(s): CSO
Wrap Text

CSO - Capital Shopping Centres Group PLC - Exchange rate for 2010 final dividend payable to shareholders on the South African register CAPITAL SHOPPING CENTRES GROUP PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: CSO Issuer Code: CSCSCG CAPITAL SHOPPING CENTRES GROUP PLC EXCHANGE RATE FOR 2010 FINAL DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER Capital Shopping Centres Group PLC ("CSC") confirms that the South African Rand exchange rate for the 2010 final dividend of 10 pence per ordinary share to be paid on 21 June 2011, to shareholders registered on 3 June 2011, will be 11.193 ZAR to 1 GBP. CSC is a Real Estate Investment Trust and will pay the final dividend partly as a Property Income Distribution ("PID") with a gross value of 5.0 pence per share, which will be subject to deduction of a 20% withholding tax, and partly as a non-PID with a value of 5.0 pence per share. Accordingly shareholders who hold their shares via the South African register will receive a dividend per ordinary share as follows: Gross amount of dividend 111.93 ZA cents (GBP pence 10.0p) Payable as: PID element 55.965 ZA cents (GBP pence 5.0p) Less 20% withholding tax 11.193 ZA cents (GBP pence 1.0p) Net PID dividend payable 44.772 ZA cents (GBP pence 4.0p) Non-PID element 55.965 ZA cents (GBP pence 5.0p) Total net dividend payable 100.737 ZA cents (GBP pence 9.0p) South African shareholders may apply, after payment of the dividend, to the UK tax authority for a refund of the difference between the 20% withholding tax and the UK/South African double taxation treaty rate of 15%. CSC will account to UK HM Revenue & Customs in sterling for the tax withheld. Settlement of any claims for refund will also be calculated and settled in sterling. The information given above will assist with applications for refunds. For information on PIDs and refund claims, including claim forms and guidance on how to complete them, visit www.capital-shopping- centres.co.uk/investors/shareholder_info/reit 20 May 2011 Sponsor: Merrill Lynch SA (Pty) Limited Date: 20/05/2011 11:00:01 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.

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