COMPAGNIE FINANCIERE RICHEMONT SA - Richemont Securities SA - South African Dividend Tax

Richemont Securities SA - South African Dividend Tax

Compagnie Financiere Richemont SA
Depositary Receipts issued by Richemont Securities SA ("Richemont Securities" or "Richemont")
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR

Richemont Securities SA
South African Dividend Tax

Further to our communication to depositary receipt ('DR') holders on 13 March 2017, Richemont Securities SA is still in the process of clarifying the treatment of the revised South African dividend tax with the South African Revenue Service ('SARS'). However, in the interim phase we would like to advise you that non-South African tax resident DR holders should, if they have not already done so; complete the prescribed dividend exemption form (SARS exemption form DTD (EX)). Previously, due to the ruling obtained by Richemont from SARS, DR holders were exempt from completing this document. Once this form has been completed and returned to your regulated intermediary, such as your bank or broker, qualifying non-South African DR holders will be exempt from the 20 per cent South African dividend tax. We recommend that these holders contact their bank or broker to ensure this exemption form is completed well in advance of the dividend payment in September 2017.

South African tax resident DR holders who are exempt from the dividend tax should also confirm with their bank or broker that the exemption forms are in place.




7 June 2017


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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