Declaration of dividend number 160 on the 6% cumulative participating preference shares AFRICAN & OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1947/027461/06) JSE share code: AOO ISIN: ZAE000000485 JSE share code: AON ISIN: ZAE000009718 JSE share code: AOVP ISIN: ZAE000000493 (“the company”) DECLARATION OF DIVIDEND NUMBER 160 ON THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES Notice is hereby given that cash dividend no. 160 (“preference share dividend”) on the 6% cumulative participating preference shares (“preference shares”) for the six months ending 30 June 2014 at the rate of 6% per annum (6.00 cents per preference share), will be paid on Monday, 7 July 2014 to all holders of preference shares (“preference shareholders”) recorded in the register of the company at close of business on Friday, 4 July 2014. The salient dates of the preference share dividend are as follows: 2014 Last date to trade cum dividend: Friday, 27 June Shares trade ex dividend: Monday, 30 June Record date: Friday, 4 July Payment date: Monday, 7 July Share certificates may not be dematerialised or rematerialised between Monday, 30 June 2014 and Friday, 4 July 2014, both dates inclusive. Preference shareholders are advised of the following additional information: 1. the preference share dividend has been declared out of income reserves; 2. the local dividends tax rate is 15%; 3. there are no secondary tax on companies credits utilised against the preference share dividend; 4. the gross local dividend amount is 6.00 cents per preference share for preference shareholders; 5. the net local dividend amount for preference shareholders: 5.1. exempt from dividends tax is 6.00 cents per preference share; and 5.2. liable to pay dividends tax is 5.10 cents per preference share; 6. the issued preference share capital of the company is 275 000 6% cumulative participating preference shares of R2.00 each; 7. the issued ordinary share capital of the company is 1 250 000 ordinary shares of 50.00 cents each and 10 137 441 `N` ordinary shares of 0.25 cents each; and 8. the company’s tax reference number is 9010/017/03/7. 12 June 2014 Sponsor Java Capital Date: 12/06/2014 03:44:00 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.