announcement

announcement                                                                    
Stimulus Investments Limited                                                    
(Incorporated in the Republic of Namibia)                                       
(Registration number 2004/482)                                                  
("Stimulus")                                                                    
NSX Share code: SMSP                                                            
ISIN: NA000A0DK7D9                                                              
Dividend Declaration/Cautionary Announcement                                    
Preference shareholders are advised that the Board of Directors of the          
Company have resolved to declare and pay a dividend to each of the              
holders of the variable rate redeemable non-cumulative preference               
shares in the issued share capital of the Company ("2004 Preference             
Shares") in accordance with the terms and conditions attaching to the           
2004 Preference Shares in the amount of N$ 37.719 per Preference Share.         
The payment will be made in accordance with the current Listing                 
Requirements of the Namibian Stock Exchange with the last day to trade          
cum dividend for preference shareholders being 14 October 2011,                 
security trading ex dividend 17 October 2011, record date being 21              
October 2011 and the payment date being 31 October 2011.                        
The preference share dividend is subject to the approval of the                 
preference shareholders on 27 October 2011 to amend the definition of           
"realised return", the successful issuance of a new round of preference         
shares of a total subscription value of not less than N$155 000 000, on         
or around 28 October 2011 as well all regulatory approvals and or               
registrations required.                                                         
Assuming that the above approval is gained and capital raised, then,            
upon payment of the dividend contemplated above, the existing 2004              
Preference Shares be redeemed in accordance with clause 17.5.1 of the           
terms and conditions attaching to the 2004 Preference Shares and as set         
out in the Placing Document.                                                    
Due to the conditional nature of the dividend, preference shareholders          
are advised to exercise caution when dealing in the company`s                   
preference shares until 31 October 2011.                                        
Windhoek                                                                        
05 October 2011                                                                 
Sponsor                                                                         
IJG Securities (Pty) Ltd                                                        
NSX Sponsor                                                                     
Date: 06/10/2011 09:42:31 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.