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Change in the dividend withholding tax rate
ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000203105
(Approved as a REIT by the JSE)
(“Arrowhead” or “the company”)
CHANGE IN THE DIVIDEND WITHHOLDING TAX RATE
Shareholders are referred to the Arrowhead dividend declaration announcement published on SENS on
22 February 2017, wherein shareholders were advised of a cash dividend (dividend number 21) of 21.41000
cents per ordinary share for the quarter ended 31 December 2016.
Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017
wherein the dividends withholding tax rate was increased from 15% to 20%, the increased dividends
withholding tax of 20% applies in respect of any dividend paid on or after 22 February 2017.
Non-resident shareholders are accordingly advised that the net dividend amount due to non-resident
shareholders, unless the rate is reduced in terms of any applicable agreement for the avoidance of double
taxation (“DTA”) between South Africa and the country of residence of the shareholder, is 17.12800 cents
per ordinary share and not 18.19850 cents per ordinary share as previously disclosed. The tax position in
respect of the dividend received by or accrued to South African tax residents remains unchanged.
The salient dates and times and other information provided in respect of the dividend declaration announced
on 22 February 2017 remain unchanged.
24 February 2017
Sponsor
Java Capital
Date: 24/02/2017 03:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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