Dividend declaration Marshall Monteagle PLC (Incorporated in Jersey. Registration No. 102785) (SA Registration No: 2010/024031/10) JSE CODE: MMP ISIN: JE00B5N88T08 (“the Company”) Dividend Announcement The final gross dividend for the year ended 30 September 2016 of US 1.9 cents per share (25.992 ZAR cents per share) was declared in the preliminary year end results published on Wednesday, 21 December 2016. The dividend will be paid on Monday, 23 January 2017 to those shareholders registered at the close of business on Friday 13 January 2017. Shareholders on the South African register will receive their dividend in South African Rand converted from US Dollars at the closing rate of exchange on Thursday, 29 December 2016 which was US$1 = ZAR13.68 being the average of the bid/ask spread at 10h00 (United Kingdom time) on that day. In respect of the normal gross cash dividend, and in terms of the South African Tax Act, the following dividend tax ruling only applies to those shareholders who are registered on the South African register on Friday 13 January 2017. All other shareholders are exempt - the dividend has been declared from income reserves, which funds are sourced from the Jersey holding company’s main bank account in Luxembourg - the gross dividend in ZAR cents is 25.992 cents - the dividend withholding tax rate is 15% resulting in a net dividend of US 1.615 cents (22.0932 ZAR cents) per share to those shareholders who are not exempt from the dividend withholding tax. The issued number of shares as at declaration date is 35 857 512. The Company’s Jersey tax number is CH4513. Salient dates for dividend Last day to trade Tuesday 10 January 2017 Shares trade ex dividend Wednesday 11 January 2017 Record date Friday 13 January 2017 Pay date Monday 23 January 2017 No dematerialisation or rematerialisation of share certificates, nor transfer of shares between the registers in Jersey and South Africa will take place between Wednesday 11 January 2017 and Friday 13 January 2017, both dates inclusive. City Group P.L.C. Company Secretary 3 January 2017 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Johannesburg Date: 03/01/2017 07:05:00 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.