CARGO CARRIERS LIMITED - Further Information relating to the dividend declaration

Further Information relating to the dividend declaration

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company")


FURTHER INFORMATION RELATING TO THE DIVIDEND DECLARATION


Shareholders are referred to the announcement issued on 31 May 2016 where
notice was given that a gross final cash dividend (Number 50) of 20.0 cents
per share (2015: 20.0 cents) has been declared for the year ended
29 February 2016 out of income reserves and that the dividend will be subject
to a dividend withholding tax rate of 15% or 3.0 cents per ordinary share.

Shareholders are advised that this will result in a net dividend of 17.0 cents per
share.

Johannesburg
1 June 2016

Sponsor
Arbor Capital Sponsors Proprietary Limited

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