CHEMICAL SPECIALITIES LIMITED - Compulsory Convertible Preference Shares (CCPS) declaration of dividend

Compulsory Convertible Preference Shares (“CCPS”) declaration of dividend

Chemical Specialities Limited
Incorporated in the Republic of South Africa)
Registration number (2005/039947/06)
Share code: CSP & CSPP
ISIN: ZAE000109427 & ZAE000184305
('Chemspec' or 'the Company')

COMPULSORY CONVERTIBLE PREFERENCE SHARES (“CCPS”) DECLARATION OF
DIVIDEND

Notice is hereby given that a gross dividend of 1.6 cents per
CCPS has been declared for the period of six months after the
issue date (Monday, 25 November 2014 to Sunday, 25 May 2014),
payable to CCPS shareholders in accordance with the timetable.

In terms of the dividend tax effective since 1 April 2012, the
following additional information is disclosed:

     -   The local dividend tax rate is 15 percent;
     -   No secondary tax on companies (STC) credits will be
         utilised for the CCPS dividend;
     -   389,006,238 CCPS’s are in issue;
     -   The net CCPS dividend is 1.36 cents per share for CCPS
         shareholders who are not exempt from dividends tax;
     -   Chemspec's tax reference number is 9833735146; and
     -   The auditors and individual auditor of Chemspec is KPMG
         Incorporated and Mr. Jay Datadin respectively.


Declaration date                          Monday, 26 May   2014
Last day to trade cum dividend         Thursday, 12 June   2014
CCPS commence trading ex dividend        Friday, 13 June   2014
Record date                              Friday, 20 June   2014
CCPS dividend payment date               Monday, 23 June   2014

No dematerialisation or rematerialisation of shares will be
allowed for the period Friday, 13 June 2014, to Friday, 20 June
2014, both days inclusive.

The CCPS dividends are declared in the currency of the Republic
of South Africa.



Durban
26 May 2014
Designated advisor
Grindrod Bank Limited

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