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NAI/NAN - New Africa Investments Limited - Advance Agterskot payment and dividend declaration (no 7) New Africa Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1993/002467/06) Share code: NAI and NAN ISIN: ZAE000033338 and ZAE000033346 ("NAIL") ADVANCE AGTERSKOT PAYMENT AND DIVIDEND DECLARATION (NO 7) D 1. ADVANCE AGTERSKOT PAYMENT In terms of NAIL`s disposal of its effective interest in KFM Radio (Proprietary) Limited ("KFM") in April 2004, and following the recent settlement of a tax dispute relating to KFM`s trademark deduction, NAIL has received a second additional purchase consideration from Primedia (Pty) Limited ("Primedia") amounting to R16.042m ("additional KFM disposal proceeds"), which is being distributed to shareholders as a dividend. NAIL shareholders are referred to the circular dated 3 April 2009 ("2009 Offer circular"), wherein Primedia and Capricorn Capital Partners Investments (Proprietary) Limited ("Capricorn") ("the Offerors") made an offer to acquire NAIL shares, not already held by the Offerors ("2009 Offer"). In terms of the 2009 Offer, NAIL shareholders had the option of accepting the Once-off Offer Consideration of 68 cents per NAIL share or the Agterskot Offer Consideration which comprised of the Initial Cash Portion of 26 cents per share plus the Agterskot Amount (which includes the receipt by NAIL of additional KFM disposal proceeds). Consequently, former NAIL shareholders who accepted the Agterskot Offer Consideration and sold their shares in terms of the 2009 Offer are now entitled to a second Advance Agterskot of 12.66 cents per NAIL share ("the Advance Agterskot Amount"). Payment of the Advance Agterskot Amount will be made by the Offerors on or about Monday, 31 October 2011 and will be made in the manner as described in paragraph 3.5 of the 2009 Offer Circular. 2. DIVIDEND NUMBER 7 Shareholders are advised that a cash dividend of 12.67 cents has been declared by NAIL out of its cash reserves and will be payable to holders of ordinary and N ordinary shares recorded in the books of the company on Friday, 28 October 2011 as follows: Last date to trade cum Friday 21 October 2011 dividend First date to trade ex Monday 24 October 2011 dividend Record date Friday 28 October 2011 Payment date Monday 31 October 2011 The shares cannot be dematerialised or rematerialised during the period Monday, 24 October 2011 and Friday, 28 October 2011, both dates inclusive. By order of the Board. Sandton 06 October 2011 Sponsor INVESTEC BANK LIMITED Date: 06/10/2011 17:48:34 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.
