GROUP FIVE LIMITED - Change in the dividend withholding tax rate

Change in the dividend withholding tax rate

Group Five Limited
(Registration number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
Share Code: GRF      ISIN Code: ZAE000027405
("Group Five")

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 Group Five’s unaudited interim results for the six months ended 31 December 2016,
incorporating a dividend declaration, released on SENS on 22 February 2017, shareholders are
advised of the updated dividend declaration paragraph as set out below:

Dividend declaration

On 20 February 2017, the directors declared a gross interim dividend of 14 cents per ordinary share
(11,20 cents per ordinary share net of dividend tax) (H1F2016: 42 cents).

- The dividend has been declared from income reserves
- In terms of dividend tax, the following additional information is disclosed:
- The dividend is subject to dividend tax at 20% (2,10 cents per share)
- The net dividend will therefore be 11,20000 cents per share for shareholders who are not exempt
   from dividend tax
- The amount of shares in issue at the date of this declaration is 112 258 283 (101 292 111 exclusive
   of treasury shares) and the company's tax reference
   number is 9625/077/71/5.

In order to comply with the requirements of Strate, the relevant details are:

Event                                                 Date
Last date to trade (cum dividend)                     Tuesday, 4 April 2017
Shares to commence trading (ex-dividend)              Wednesday, 5 April 2017
Record date (date shareholders recorded in books)     Friday, 7 April 2017
Payment date                                          Monday, 10 April 2017

No share certificates may be dematerialised or rematerialised between Wednesday, 5 April 2017 and
Friday, 7 April 2017, both dates inclusive.

24 February 2017

Sponsor
Nedbank Corporate and Investment Banking

Date: 24/02/2017 11:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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