ARROWHEAD PROPERTIES LIMITED - Arrowhead to pay dividends twice a year

Arrowhead to pay dividends twice a year

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”)


ARROWHEAD TO PAY DIVIDENDS TWICE A YEAR


Shareholders are referred to the provisional consolidated audited results for the year ended 30 September 2017,
released on SENS on 22 November 2017, in which shareholders were advised that the board of directors of
Arrowhead (“the Board”) was considering amending the company’s dividend policy. Shareholders are advised that
the Board has resolved to change the frequency of dividend declarations and payments from quarterly for the three
months ended 30 September, 31 December, 31 March and 30 June of each year, to biannual dividends for the six
months ended 31 March and 30 September of each year, with immediate effect. The Board believes it to be in the best
interest of shareholders to align the dividend payments with that of other South African listed REITS. Accordingly,
dividends shall be declared for the six months ending 31 March 2018 and 30 September 2018, in accordance with the
revised dividend timetable set out below.

Dividend timetable for the 2018 financial year:

Dividend number                                                           25                                    26
Six months ended                                               31 March 2018                     30 September 2018
Declaration date                                                 22 May 2018                      28 November 2018
Last day to trade                                               19 June 2018                      18 December 2018
Shares trade ex-distribution                                    20 June 2018                      19 December 2018
Record date                                                     22 June 2018                      21 December 2018
Payment date                                                    25 June 2018                      24 December 2018
The above dates are subject to change and any changes will be announced on SENS.

22 January 2018


Sponsor
Java Capital

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