ALPHAMIN RESOURCES CORPORATION - Declaration of Dividend for the Six Months Ended 30 June 2023

Declaration of Dividend for the Six Months Ended 30 June 2023

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006
(“Alphamin” or the “Company”)


DECLARATION OF DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 2023


The board of directors of Alphamin is pleased to announce the declaration of a cash dividend number 4 in
the gross amount of CAD$0.03 per Alphamin share, being the equivalent of ZAc40.3707 cents per Alphamin
share (based on an exchange rate of CAD$1.00 = ZAR13.4569 as at Friday, 21 July 2023).

The salient dates of the cash dividend on the Johannesburg Limited (“JSE”) are as follows:

                                                                                                 2023
 Declaration of cash dividend                                                         Monday, 24 July
 Last day to trade cum cash dividend                                                 Monday, 7 August
 Alphamin shares commence trading ex-dividend                                       Tuesday, 8 August
 Record date to receive the cash dividend                                           Friday, 11 August
 Payment date of the cash dividend                                                  Friday, 25 August

Shares certificates on the South African branch register may not be rematerialised or dematerialised
between Tuesday, 8 August 2023 and Friday, 11 August 2023, both days inclusive, nor may transfer
between the Canadian share register and the South African share register take place between Tuesday, 8
August 2023 and Friday, 11 August 2023, both days inclusive.

In accordance with the JSE Listings Requirements, the following additional information is disclosed for
South African resident shareholders:

1.    the cash dividend has been declared out of income reserves and is being sourced from the Republic
      of Mauritius;
2.    Alphamin has no tax registration in South Africa;
3.    the local dividend tax (“Dividend Tax”) rate is 20%, resulting in a gross cash dividend of CAD$0.03
      (ZAc40.37070) and a net cash dividend amount of CAD$0.024 (ZAc32.29656) for South African
      shareholders who are not exempt from paying Dividend Tax;
4.    Alphamin has 1 275 343 813 shares in issue; and
5.    Alphamin shareholders who are in doubt as to their tax status or position, including any exchange
      control requirements, should consult an appropriate independent professional advisor in their
      relevant jurisdiction without delay.

This announcement is applicable to holders of Alphamin shares on the JSE.

24 July 2023

JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 24-07-2023 03:01:00
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