SOUTHERN VIEW FINANCE LTD - Declaration and payment of cash dividend in respect of Class B Shares

Declaration and payment of cash dividend in respect of Class B Shares

SOUTHERN VIEW FINANCE LIMITED
(Incorporated in Bermuda with registration number 47305)
Class A share codes: BSX: SVF.BH                JSE: SVF                     ISIN: BMG829251013
Class B share codes: BSX: SVFB.BH               JSE: SVFB                    ISIN: BMG829251195
("SVF" or "the Company")


 DECLARATION AND PAYMENT OF CASH DIVIDEND IN RESPECT OF CLASS B SHARES



On 21 January 2015 (“Resolution Date”) the board of directors resolved to declare and pay dividends to
the Class B Shareholders in an amount of R 0.36591 per Class B share, amounting in aggregate
to R 5,123,392, in respect of the 12 month period ended 30 June 2014 (“2014 Dividend”). At an
exchange rate of 1US$: R11.5175 prevailing on 21 January 2015, this equates to a dividend of
US$0.03177 per Class B share amounting in aggregate to USD444 835.42. The record date for B
Shareholders to receive the 2014 Dividend was Friday, 23 January 2015. The 2014 Dividend was paid
to B Shareholders in South African Rand (“ZAR”) by electronic funds transfer on 29 January 2015 (“2014
Dividend Payment Date”). The board confirms that the provisions of section 54(1) of the Bermuda
Companies Act 1981 (the “Act”) and the Company’s bye-laws were complied with at all relevant times
in connection with the declaration and payment of the 2014 Dividend.

Also on the Resolution Date the board of directors further resolved to declare and pay interim dividends to
the Class B Shareholders in an amount of R 1.1172 per Class B share, amounting in aggregate to
R 15,641,051, in respect of the 6 month period ended 31 December 2014 (“2015 Interim Dividend”). At
an exchange rate of 1US$: R11.4761 prevailing on 4 February 2015, this equates to a dividend of
US$0.09735 per Class B share amounting in aggregate to USD1 362 923.90. The record date for B
Shareholders to receive the 2015 Dividend was Friday, 6 February 2015. The 2015 Interim Dividend was
paid to B Shareholders in ZAR by electronic funds transfer on 12 February 2015 (“2015 Dividend Payment
Date”). The board further confirms that the provisions of section 54(1) of the Act and the Company’s bye-
laws were complied with at all relevant times in connection with the declaration and payment of the 2015
Interim Dividend.

As at the Resolution Date, the 2014 Dividend Payment Date, the 2015 Dividend Payment Date and at the
date of this announcement, SVF has 14,000,000 Class B shares in issue. No class B shares were traded
in the period between the Resolution Date and the 2015 Dividend Payment Date.
Both the 2014 Dividend and the 2015 Interim Dividend constituted a “foreign dividend” as defined in section
1 of the Income Tax Act, 58 of 1962 (“SA ITA”) and were dividends for purposes of the dividends tax (“DT”),
as the shares were listed on the JSE.

Each B Shareholder is a South African company. An exemption from DT is provided for in the SA ITA in
respect of foreign dividends paid to a South African company, to the extent that it is paid in respect of listed
shares, provided certain administrative procedures are complied with. The SA ITA further provides for an
exemption from income tax in respect of foreign dividends received or accrued in respect of listed shares.
The Company recommends that class B shareholders consult their tax advisors on the tax consequences
of the foreign dividend.

SVF has a primary listing on the Bermuda Stock Exchange and a secondary listing on the JSE Limited’s
Alternative Exchange.

16 September 2015
Hamilton / Johannesburg
BSX sponsor: Global Custody and Clearing Limited
JSE sponsor: KPMG Services (Proprietary) Limited

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