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SHOPRITE HOLDINGS LIMITED - Change in the dividend withholding tax rate

Release Date: 24/02/2017 10:27
Code(s): SHP     PDF:  
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Change in the dividend withholding tax rate

SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1936/007721/06
ISIN: ZAE000012084
JSE Share code: SHP
NSX Share code: SRH
LuSE Share code: SHOPRITE
(“Shoprite Holdings” or “the company”)

CHANGE IN THE DIVIDEND WITHHOLDING TAX RATE

Shareholders are advised that the dividend withholding tax rate has been increased from
15% to 20% following the Minister of Finance’s budget speech. The date of the change is
with effect from 22 February 2017.

Further to Shoprite’s unaudited results for the six months ended 31 December 2016,
incorporating a dividend declaration, released on SENS on 21 February 2017, shareholders
are advised of the updated dividend declaration paragraph as set out below:

DIVIDEND NO 136

The board has declared an interim dividend of 180 cents (2015: 156 cents) per ordinary
share, payable to shareholders on Monday, 20 March 2017. The dividend has been declared
out of income reserves. The last day to trade cum dividend will be Tuesday, 14 March 2017.
As from Wednesday, 15 March 2017, all trading of Shoprite Holdings Ltd shares will take
place ex dividend. The record date is Friday, 17 March 2017. Share certificates may not be
dematerialised or rematerialised between Wednesday, 15 March 2017, and Friday, 17 March
2017, both days inclusive.

In terms of the Dividends Tax, the following additional information is disclosed:

1.      The local Dividends Tax rate is 20%.

2.      The net local dividend amount is 144 cents per share for shareholders liable to pay
        Dividends Tax and 180 cents per share for shareholders exempt from paying
        Dividends Tax.

3.      The issued ordinary share capital of Shoprite Holdings Ltd as at the date of this
        declaration is 574 453 281 ordinary shares.

4.      Shoprite Holdings Ltd's tax reference number is 9775/112/71/8.

Cape Town
24 February 2017

Sponsor
Nedbank Corporate and Investment Banking

Date: 24/02/2017 10:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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