AFRICAN AND OVERSEAS ENTERPRISES LD - Declaration of dividend number 161 on the 6% cumulative participating preference shares

Declaration of dividend number 161 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
(“AOE”)


DECLARATION OF DIVIDEND NUMBER 161 ON THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES


Notice is hereby given that cash dividend number 161 (“preference share dividend”) on the 6%
cumulative participating preference shares (“preference shares”) for the six months ending 31 December
2014 at the rate of 6% per annum (6.00 cents per preference share) will be paid on Monday, 12 January
2015 to all holders of preference shares (“preference shareholders”) recorded in the register of AOE at
close of business on Friday, 9 January 2015. No participation dividend will be paid in respect of the
preference shares.

The salient dates of the preference share dividend are as follows:

                                                                                                 2015
Last date to trade cum preference share dividend:                                   Friday, 2 January
Preference shares trade ex preference share dividend:                               Monday, 5 January
Record date:                                                                        Friday, 9 January
Payment date:                                                                      Monday, 12 January

Preference share certificates may not be dematerialised or rematerialised between Monday, 5 January 2015 
and Friday, 9 January 2015, 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 AOE is 275 000 6% cumulative participating preference
       shares of R2.00 each;
7.     the issued ordinary share capital of AOE 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.     AOE’s tax reference number is 9010/017/03/7.

15 December 2014


Sponsor
Java Capital

Date: 15/12/2014 10:00:00 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.