Cash dividedend with capitalisation award alternative CROOKES BROTHERS LIMITED Registration No. 1913/000290/06 Share code : CKS ISIN: ZAE000001434 (“Crookes” or “the Company”) ANNOUNCEMENT REGARDING THE RATIO WITH RESPECT TO THE ELECTION OF CAPITALISATION SHARES IN LIEU OF A CASH DIVIDEND; POSTING OF CAPITALISATION AWARD CIRCULAR AND SALIENT DATES Crookes ordinary shareholders (“Shareholders”) are referred to the Company`s audited results for the year ended 31 March 2013, as released on SENS on 28 May 2013 in which Shareholders were notified of the payment of a final gross cash dividend of 160 cents per ordinary share (“the Cash Dividend”) to Shareholders recorded in the register of the Company at the close of business on Friday, 5 July 2013. Shareholders were given an option to elect to receive capitalisation shares (“Capitalisation Award Alternative”) (“Capitalisation Shares) in lieu of the Cash Dividend. Where a Shareholder elects to receive Capitalisation Shares, the number of ordinary shares to which a Shareholder will be entitled in terms of the Capitalisation Award Alternative will be 2.90909 new ordinary shares for every 100 ordinary shares held. This ratio is arrived at by dividing 160 cents per ordinary share by 5 500 cents, being the prevailing price per ordinary share on Friday, 24 May 2013 at the time the Board made the decision to fix the price and is calculated to five decimal places. Trading in the Strate Limited environment does not permit fractions and fractional entitlements. Accordingly, where a Shareholder’s entitlement to new ordinary shares, calculated in accordance with the above ratio, gives rise to a fraction of a new ordinary share, such fraction of a new Ordinary Share will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number where the fraction is less than 0.5. Example of calculation of the Capitalisation Issue entitlement: Crookes Number of Crookes ordinary entitlement = shares held on the record date x 160 cents divided by 5 500 cents = 2.90909 new ordinary shares for every 100 ordinary shares held. Shareholders who wish to receive the Capitalisation Award Alternative in respect of all or part of their shareholding must elect to do so in accordance with the provisions of the Circular and form of election which was posted to Shareholders today, 20 June 2013. Posting of the circular Shareholders are further referred to the Circular to Shareholders issued today, 20 June 2013 which will include the full details of the Cash Dividend and the capitalisation award alternative (“the Circular”). SALIENT DATES Salient dates and times 2013 Last day to trade in Friday, 5 July order to participate in the cash or Capitalisation Award Alternative Shares trade ex-cash entitlement and Monday, 8 July Capitalisation Award Alternative and trade in entitlement shares commences Maximum number of Monday, 8 July ordinary shares listed from commencement of business on Last day to elect the Friday, 12 July Capitalisation Award Alternative instead of the cash dividend at 12h00 on Record date Friday, 12 July Share certificates or dividend cheques posted Monday, 15 July and CSDP accounts credited/updated Announcement on SENS of the results of the Capitalisation Award Alternative with respect Monday, 15 July to the election for Capitalisation shares in lieu of a cash dividend Announcement in the press of the results of the Capitalisation Award Alternative with respect Tuesday, 16 July to the election for Capitalisation shares in lieu of a cash dividend Adjustment of number of Tuesday, 16 July ordinary shares listed on or about Johannesburg 20 June 2013 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 20/06/2013 11:49:00 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.