TRADEHOLD LIMITED - Cumulative, Redeemable "B" Preference Share Cash Dividend & Voluntary Partial Redemption - TDHBP

Cumulative, Redeemable "B" Preference Share Cash Dividend & Voluntary Partial Redemption - TDHBP

TRADEHOLD LIMITED
(Registration number: 1970/009054/06)
(“Tradehold” or “the Company”)
Incorporated in the Republic of South Africa
Share code: TDHBP
ISIN: ZAE000253050

CUMULATIVE, REDEEMABLE “B” PREFERENCE SHARE (““B” Preference Share”) CASH DIVIDEND &
VOLUNTARY PARTIAL REDEMPTION

Notice is hereby given that:
 (i)  the directors of Tradehold have declared a gross cash dividend (“the Cash
      Dividend”) of 2049.20548 cents per “B” Preference Share for the dividend period
      from 15 March 2018 to 14 June 2018 (both dates inclusive), payable from the
      distributable reserves of the Company; and
 (ii) Tradehold wishes to redeem 9,079 “B” Preference Shares at a redemption amount
      of ZAR1,000 being an aggregate return of capital of R9,079,000 on 15 June 2018
      (“the Voluntary Redemption”).

The Cash Dividend constitutes a foreign dividend, as defined in section 1 of the
Income Tax Act, 1962 (“ITA”), and is a dividend for purposes of dividends tax (“DT”)
imposed under Part VIII of Chapter II of the ITA, since the “B” Preference Shares are
listed on the JSE Limited and thus constitute a “listed share”, as contemplated in
section 64D of the ITA.

An exemption from DT is provided for in the ITA in respect of:
 (i)  foreign dividends paid to a South African resident company; or
 (ii) dividends paid to a non-resident to the extent that the dividend is paid by a
      foreign company in respect of listed shares,
provided certain administrative procedures are complied with.

In terms of the ITA, DT of 20% will be withheld for those holders of “B” Preference
Shares (““B” Preference Shareholders”) who are not exempt from DT. “B” Preference
Shareholders who are not exempt from DT will therefore receive a net dividend of
1639.36438 cents per “B” Preference Share.

The Voluntary Redemption will be funded from internally generated cash flows of
Tradehold. After the Voluntary Redemption, Tradehold will have 1,125,711 “B”
Preference Shares in issue. The Voluntary Redemption will be made pro rata among the
holders of “B” Preference Shareholders in proportion to their respective holdings of
“B” Preference Shares.

Tradehold’s income tax reference number is 9725/126/71/9.

The salient dates for the Cash Dividend and the Voluntary Redemption will be as
follows:

Last day of trade for the Cash Dividend & Voluntary         Tuesday, 5 June 2018
Redemption
List Date for the Cash Dividend & Suspension Date for the   Wednesday, 6 June 2018
Voluntary Redemption                                                         
Record date for the Cash Dividend & Voluntary Redemption    Friday, 8 June 2018
Dividend Payment Date & Voluntary Redemption Date           Friday, 15 June 2018

22 May 2018
Cape Town

Joint Debt Sponsor
Nodus Capital Proprietary Limited
Mettle Specialised Finance Proprietary Limited

Date: 22/05/2018 11:02:00 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.