CITY LODGE HOTELS LIMITED - Dividend withholding tax rate change

Dividend withholding tax rate change

City Lodge Hotels Limited
"City Lodge" or “the Company”
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

DIVIDEND WITHOLDING TAX RATE CHANGE

Shareholders are advised that following the announcement by
the South African Minister of Finance on 22 February 2017,
the dividend withholding tax rate has been increased from
15.0% to 20.0%, effective 22 February 2017.

Further to the announcement released on the Stock Exchange
News Service of the JSE Limited on 16 February 2017, of the
unaudited results of the Company for the six-month period
ended 31 December 2016, shareholders are requested to refer
to the updated dividend declaration paragraph included
below:


DECLARATION OF DIVIDEND
The board has approved and declared interim dividend number
56 of 272 cents per ordinary share (gross) in respect of
the six months ended 31 December 2016.

-   The local Dividends Tax rate is 20% (twenty per centum);
-   The gross local dividend amount is 272 cents per
    ordinary   share  for   shareholders  exempt   from  the
    Dividends Tax;
-   The net local dividend amount is 217.6 cents per
    ordinary share for shareholders liable to pay the
    Dividends Tax;

The salient dates and times and other information provided
in respect of the dividend declaration announced on 16
February 2017 remain unchanged.

Bryanston
24 February 2017

Sponsor
JP Morgan Equities South Africa (Pty) Ltd

Date: 24/02/2017 12:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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