CAFCA LIMITED - Cash Dividend Finalisation and Currency Conversion Announcement

Cash Dividend Finalisation and Currency Conversion Announcement

Cafca Limited
Incorporated in terms of the laws of Zimbabwe
(Zimbabwe Registration number: 401/1945)
Share Code: CAC
ISIN Code: ZW0009011942
("CAFCA" or "Company")


CASH DIVIDEND FINALISATION AND CURRENCY CONVERSION ANNOUNCEMENT


Shareholders are referred to the announcements released on the
Zimbabwe Stock Exchange ("ZSE")on 7 November 2024 and Johannesburg
Stock Exchange ("JSE") on 19 November 2024 relating to the
declaration by the Board of a final dividend of USD4.9 cents per
share for the year ended 30 September 2024 payable to shareholders.

In respect of shareholders registered on the ZSE:

The dividend net of Zimbabwe withholding tax of 10% shall be
USD4.41 cents per share.

                                                      2024/2025
Declaration date                        Monday, 7 November 2024
Last day to trade cum dividend          Tuesday, 7 January 2025
Trading ex-dividend commences         Wednesday, 8 January 2025
Record date                             Friday, 10 January 2025
Dividend payment date                   Friday, 24 January 2025



In respect of shareholders registered on the JSE:

•   the dividend shall be paid in Rand to shareholders on the South
    African register, calculated at the United States dollar
    ("USD")to South African Rand ("ZAR") exchange rate of USD 1 /
    ZAR18.25 as at Tuesday, 21 January 2025, and accordingly the
    gross dividend payable to such shareholders is ZAR89.42500 cents
    per share, less withholding taxes (see below). The dividend has
    been declared from income reserves and is a foreign dividend in
    respect of South African resident shareholders.

                                                      2024/2025
Declaration date                      Tuesday, 19 November 2024
Currency determination date            Tuesday, 21 January 2025
Last day to trade cum dividend         Tuesday, 21 January 2025
Trading ex-dividend commences        Wednesday, 22 January 2025
Record date                             Friday, 24 January 2025
Dividend payment date                   Monday, 27 January 2025

The following information is provided to shareholders in respect
of dividend tax:

•   The double tax agreement between South Africa and Zimbabwe is
    10%. As such, a South African shareholder that receives a
    dividend, which is subject to South Africa (where no exemption
    is in place) will qualify for a 10% rebate from SA Dividends
    Tax, being the Zimbabwean Withholding Tax of 10%.

•   The ultimate result is that the dividend will be subject to a
    reduced withholding tax rate of 10% and subject to SA Dividends
    Tax rate of 10%.

•   Dividends payable to non-exempt shareholders registered on the
    JSE are subject to 20% withholding tax in accordance with the
    South African Income Tax Act, unless varied in accordance with
    any relevant Double Tax Agreement. The applicable South African
    withholding tax is reduced by the amount of the Zimbabwe
    dividend withholding tax deducted, resulting in a maximum
    withholding tax rate on dividends of 20%, being a net amount of
    ZAR71.540 cents per share.

•   Withholding taxes on dividends payable to Zimbabwe residents,
    non-exempt shareholders registered on the JSE, are restricted
    to 10% in accordance with the Zimbabwe/South Africa Double Tax
    Agreement, resulting in a net amount of ZAR80.48250 cents per
    share.

•   Shareholders must acknowledge that neither the Company nor its
    advisors provide any specific tax advice in connection with this
    notice. The Company makes no representations concerning the tax
    consequences of this notice. Shareholders must consult with
    their tax advisors concerning the tax consequences of this
    notice.

The Company has a primary listing on the ZSE and a secondary
listing on the JSE.

Zimbabwean Transfer Secretaries
First Transfer Secretaries (Pvt) Ltd
1 Armagh Avenue
Eastlea
Harare
Email:info@fts-net.com
Telephone: +263 4 782869/72 or 776628/49/59/69/74

South African Transfer Secretaries
Computershare Investor Services
Rosebank Towers
15 Biermann Avenue
Rosebank, 2196 South Africa
Tel: +27 11 688 5248
Email:Charmaine.Jacobs@computershare.co.za

By order of Board


C Kangara
Company Secretary
21 January 2025


Directors H.P Mkushi (Chairman) E.T.Z Chidzonga
T.Chigumbu L.Corte S.E Mangwengwende S.Maparura
                           J.Tapambgwa

Date: 21-01-2025 11:45:00
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