CHOPPIES ENTERPRISES LIMITED - Dividend finalisation anouncement

Dividend finalisation anouncement

Choppies Enterprises Limited
(Registration number 2004/1681)
JSE share code: CHP
BSE share code: CHOPPIES
ISIN: BW0000001072
Tax reference number: C08710401018
("Choppies" or the "Company")

DIVIDEND FINALISATION ANNOUNCEMENT

Further to the announcement released on the Stock Exchange News Service of the JSE Limited and
the Botswana Stock Exchange on 2 October 2015, final notice is hereby given that the gross final
dividend of 4.8768 thebe per share in respect of the year ended 30 June 2015 was declared on
22 September 2015, for payment to those ordinary shareholders registered in the books of the
Company at the close of business on Friday, 23 October 2015. Dividend cheques will be dispatched
or electronically paid to shareholders, by the transfer secretaries on Monday, 9 November 2015.
Profit from the Zimbabwe segment is not included in the distributed profit since we are intending to
utilise the same for further expansion there.

Notice is hereby given that, as approved by the Botswana Stock Exchange, dividend payments of less
than BWP 50 will be paid electronically to shareholders. We now request all shareholders to contact
the transfer secretaries, Grant Thornton Business Services (Proprietary) Limited, by post/fax/hand
delivery providing their bank account details to enable dividends to be paid electronically.

The last date to trade shall be Friday, 16 October 2015 and shall commence trading ex the dividend
on Monday, 19 October 2015. The record date to appear in the register to participate in the dividend
will be Friday, 23 October 2015 and the dividend will be paid on Monday, 9 November 2015. The
South African branch register will be closed for the purposes of dematerialisation, rematerialisation
and transfers between the South African register and the South African and Botswana registers from
Monday, 19 October 2015 to Friday, 23 October 2015, both dates inclusive.

The dividend shall be paid in Rand to shareholders on the South African register, calculated at the
Pula to Rand exchange rate on 22 September 2015, which was BWP1/R1.295 and accordingly the
gross dividend payable is 6.31546 cents per share, less withholding taxes (see below). The issued
shares at the declaration date is 426 407 772. The dividend has been declared from income reserves
and is a foreign dividend in respect of South African resident shareholders.

The following information is provided to shareholders in respect of dividend tax:
-  Shareholders are advised that Botswana dividend withholding tax of 7.5% on the declared
   dividend will be applicable to all shareholders;
-  Dividends payable to non-exempt shareholders registered on the Johannesburg Stock Exchange
   are subject to 15% Withholding Tax in accordance with the South African Income Tax Act, unless
   varied in accordance with any relevant Double Tax Agreement. The applicable South African
   withholding tax is reduced by the amount of the Botswana dividend withholding tax deducted,
   resulting in a maximum withholding tax rate on dividends of 15%, being a net amount of 5.36814
   cents per share;
-  Withholding taxes on dividends payable to Botswana residents, non-exempt shareholders
   registered on the Johannesburg Stock Exchange, are restricted to 7.5% in accordance with the
   Botswana/South Africa Double Tax Agreement, resulting in a net amount of 5.84180 cents per
   share.


By order of the Board
Chief Executive Officer
15 October, 2015

The Company's primary listing is on the Botswana Stock Exchange and its secondary listing is on the
Johannesburg Stock Exchange.

BSE Sponsoring Broker
African Alliance Botswana Limited

JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15/10/2015 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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