REINET INVESTMENTS S.C.A - Reinet Securities SA dividend dates in respect of Reinet South African depository receipts

Reinet Securities SA – dividend dates in respect of Reinet South African depository receipts

Reinet Investments S.C.A. 
Depositary Receipts issued by Reinet Securities SA
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI

REINET SECURITIES SA – DIVIDEND DATES IN RESPECT OF REINET SOUTH AFRICAN DEPOSITORY RECEIPTS

The dividend payable to holders of Reinet Securities SA' South African Depository Receipts ('Reinet DRs') is derived from the dividend to be paid by Reinet Investments S.C.A., Luxembourg ('Reinet') to holders of Reinet shares.

The Reinet DR dividend payable to South African Common Monetary Area residents is payable in rand and will be effected via central security depository participants in Strate for all dematerialised Reinet DR holdings and Computershare Investor Services Proprietary Limited for Reinet DR holdings on the certificated register.

Reinet has recommended a total dividend of EUR 0.161 per share from income reserves. It is anticipated that this dividend will be approved by shareholders of Reinet at the annual general meeting to be held on Tuesday 30 August 2016 in Luxembourg.

There is no Luxembourg withholding tax payable on dividends which may be declared by Reinet.

In 2013 Reinet sought clarification from the South African Revenue Service ('SARS') as to the treatment of any dividends to be declared by Reinet and paid to holders of Reinet DRs. SARS confirmed to Reinet that any such dividends would be treated as 'foreign dividends' as defined in the Income Tax Act No. 58 of 1962. Accordingly, any such dividends would be subject to South African dividends withholding tax at 15 per cent in the hands of Reinet DR holders unless those Reinet DR holders are otherwise exempt from the tax. Non-resident holders of Reinet DRs are required to fill in the appropriate SARS declaration form, if they wish to be exempted from the tax.

As Reinet DR's trade in the ratio of 10 Reinet DRs to each Reinet share, the dividend entitlement per Reinet DR is as follows:

               Gross dividend    South African     Net dividend 
               per Reinet DR     dividend Tax      per Reinet DR
               in euros          at 15%            in euros

               0.016100          (0.002415)        0.013685

The exchange rate applicable for the conversion of euro to rand for payment of the Reinet DR dividend will be confirmed in a separate announcement to be released on SENS on Tuesday, 30 August 2016.

The payment dates for the dividend in respect of the South African Reinet DRs are anticipated to be as follows: 

Last date to trade "cum dividend"      Tuesday, 6 September 2016

Trading commences "ex-dividend" from
the commencement of business on        Wednesday, 7 September 2016

Reinet DR dividend record date         Friday, 9 September 2016

Reinet DR dividend payment date        Friday, 16 September 2016

Reinet DR holders may not dematerialise or rematerialise their holding of Reinet DRs between Wednesday, 7 September 2016 and Friday, 9 September 2016, both days inclusive.

Reinet DRs are issued subject to the terms of the Deposit Agreement entered into on 17 October 2008, most recently amended on 15 December 2010. By holding Reinet DRs, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Reinet Securities SA or Computershare Investor Services Proprietary Limited.

Reinet Securities SA may appoint a depository agent or other parties to assist in the administration of the Reinet DR programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of Reinet DRs.

25 May 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/05/2016 08:01:00 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.