NEW FRONTIER PROPERTIES LIMITED - Finalisation announcement in respect of the final dividend for the year ended 31 August 2017

Finalisation announcement in respect of the final dividend for the year ended 31 August 2017

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE FINAL DIVIDEND FOR THE YEAR ENDED 31 AUGUST 2017


Shareholders are referred to the Company’s results for the year ended 31 August 2017 and to the dividend declaration
announcement released on 31 October 2017, wherein they were advised that the Board of directors of the Company had
proposed a final dividend of 3.6 pence per share in respect of the year ended 31 August 2017. This dividend will be paid
entirely as a property income distribution (“PID”) and accordingly the dividend will be subject to the deduction of 20%
United Kingdom (“UK”) withholding tax, unless exemptions apply.*

Shareholders on the South African (“SA”) share register are advised that the South African Rand exchange rate for the
dividend will be 18.65600 ZAR to 1 GBP, resulting in a gross local dividend amount of 67.16160 ZAR cents per share.

Accordingly, shareholders will be paid a dividend per share as follows;
                                   Shareholders on the Mauritius           Shareholders on the SA share
                                                  share register                               register
PID element (gross)                               3.60000 pence                      67.16160 ZAR cents
*Less 20% withholding tax                         0.72000 pence                      13.43232 ZAR cents
PID element (net)                                 2.88000 pence                      53.72928 ZAR cents
*Certain categories of shareholders may apply for exemption, in which case the PID element will be paid gross.

The salient dates for the dividend are set out below:

                                                                                        2017
Last day to trade cum dividend                                         Tuesday, 21 November
Securities trade ex dividend                                         Wednesday, 22 November
Record date                                                             Friday, 24 November
Payment date on or after                                                Monday, 27 November

No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 22 November 2017
and Friday, 24 November 2017, both dates inclusive. No transfer of shares between sub-registers in Mauritius and South
Africa may take place between Tuesday, 14 November 2017 and Friday, 24 November 2017, both dates inclusive.

NOTES FOR SHAREHOLDERS ON THE SA SHARE REGISTER

South African shareholders are advised that the dividend will be regarded as a foreign dividend and may be subject to
South African dividends withholding tax. On 22 February 2017, the South African dividend withholding tax rate was
increased from 15% to 20% and accordingly South African shareholders may be subject to a dividend withholding tax
rate of 20%, unless an exemption, as set out in the South African tax legislation, applies. The receipt of the cash dividend
may have tax implications for shareholders who are resident in Mauritius or countries other than South Africa. New
Frontier shareholders are advised to consult their professional advisors regarding the tax consequence of the dividend
should they be in any doubt as to the appropriate action they should take.

The above information and the guidelines on the taxation of dividends are provided as a general guide based on the
Company’s understanding of the law and practice currently in force. Any shareholder who is in any doubt as to their tax
position should seek independent professional advice.
New Frontier holds primary listings on the SEM and the Alternative Exchange of the JSE.


By order of the board


14 November 2017

This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of
Reporting Issuers) Rules 2007. The Board of New Frontier Properties Ltd accepts full responsibility for the accuracy
of the information in this notice

For further information please contact:

JSE sponsor
Java Capital                                       +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd         +230 650 4030

Date: 14/11/2017 08:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.