AFRICAN AND OVERSEAS ENTERPRISES LD - Declaration of cash dividends in respect of the 6% cumulative participating preference shares

Declaration of cash dividends in respect of the 6% cumulative participating preference shares

AFRICAN AND 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 CASH DIVIDENDS IN RESPECT OF THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES


Notice is hereby given that a cash dividend on the 6% cumulative participating preference shares (“preference
shares”) for the six months ending 31 December 2015 at the rate of 6% per annum (6.00 cents per preference
share), together with a cash dividend on the preference shares for the six months ending 31 December 2015 being
the participation dividend of 27% (54.00 cents per preference share) have been declared and will be paid on
Monday, 11 January 2016 to all holders of preference shares (“preference shareholders”) recorded in the register
of AOE at close of business on Friday, 8 January 2016.

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

Last date to trade cum dividends:                                                 Thursday, 31 December 2015
Preference shares trade ex dividends:                                                 Monday, 4 January 2016
Record date:                                                                          Friday, 8 January 2016
Payment Date:                                                                        Monday, 11 January 2016

Preference share certificates may not be dematerialised or rematerialised between Monday, 4 January 2016 and
Friday, 8 January 2016, both dates inclusive.

Preference shareholders are advised of the following additional information:
1.      the dividends have been declared out of income reserves;
2.      the local dividend tax rate is 15%;
3.      the gross local dividend amount is 60.00 cents per preference share for preference shareholders;
4.      the net local dividend amount for preference shareholders:
        4.1.      exempt from payment of dividends tax is 60.00 cents per preference share; and
        4.2.      liable to pay dividends tax is 51.00 cents per preference share;
5.      the issued preference share capital of AOE is 275 000 6% cumulative participating preference shares of
        R2.00 each;
6.      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
7.      AOE’s tax reference number is 9010/017/03/7.

15 December 2015


Sponsor
Java Capital

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