SUPERMARKET INCOME REIT PLC - Notice of dividend currency exchange rate (South African Rand) and tax implications for South African shareholders

Notice of dividend currency exchange rate (South African Rand) and tax implications for South African shareholders

SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company")


NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND) AND TAX
IMPLICATIONS FOR SOUTH AFRICAN SHAREHOLDERS

On 3 April 2025 the Company announced the declaration of an interim dividend in respect of the period from
1 January 2025 to 31 March 2025 of 1.53 pence per ordinary share ("Third Quarterly Dividend"), which
will be paid by way of a Property Income Distribution ("PID") on Friday, 23 May 2025 ("Dividend Payment
Date") to shareholders on the register as at 25 April 2025 ("Record Date").

The Third Quarterly Dividend will be paid in British pound sterling ("GBP") to shareholders on the UK register
("UK Shareholders") and South African Rand ("ZAR") to shareholders on the South African register ("SA
Shareholders"). SA Shareholders are advised that the currency exchange rate applicable to the Third
Quarterly Dividend payable in ZAR will be 24.8109 ZAR to 1.00 GBP ("Exchange Rate"), resulting in a
gross local dividend amount of 37.96068 ZAR cents per share. The date on which the GBP payment was
converted to ZAR was 22 April 2025.

To facilitate settlement of the Third Quarterly Dividend to shareholders on the South African share register,
shares cannot be moved between the South African share register and the UK share register and no such
transfers of shares between the South African share register and the UK share register shall be registered,
between the date of this announcement and Friday, 25 April 2025 (Record Date), both days inclusive.

As at 3 April 2025, the issued share capital of the Company consisted of 1,246,239,185 ordinary shares.

The Third Quarterly Dividend should be regarded as a 'foreign dividend' for South African income tax and
dividends tax purposes and the funds will be paid from the United Kingdom.

Accordingly, shareholders will be paid a cash dividend per share as follows:

     Dividend                                                             UK Shareholders         SA Shareholders
                                                                          (GBP pence)             (ZAR cents)

     Gross amount of PID dividend payable                                 1.530                   37.96068

     Less 20% UK withholding tax*                                         0.306                   7.59214

     Net PID dividend payable**                                           1.224                   30.36854

     Less effective 5% SA dividends tax for SA Shareholders who           N/A
     are SA tax residents***                                                                      1.89803

     Net PID dividend payable                                             1.224                   28.47051

*       Certain categories of UK Shareholders may apply for exemption, in which case the PID element will be paid gross
        of UK withholding tax.
**      Net position after deducting UK withholding tax for both UK and SA Shareholders, but before qualifying
        SA Shareholders who are SA tax residents have claimed back 5% from His Majesty's Revenue & Customs under
        the double tax agreement between the United Kingdom and South Africa in respect of the UK withholding tax.
***     SA dividends tax applies at the rate of 20% for qualifying SA Shareholders who are SA tax residents, but such SA
        Shareholders receive a rebate of the UK withholding taxes suffered (which is effectively 15%, after taking into
        account the 5% rebate referred to in **).

For the avoidance of doubt, SA dividends tax, and therefore the information provided in this announcement,
is only of direct application to SA Shareholders who are SA tax residents. The contents of this
announcement are not to be construed as legal or tax advice. SA Shareholders are advised to consult their
own legal, financial or tax adviser for tax advice and should direct any questions regarding the application
of the SA dividends tax to their CSDP, broker or the Company's Transfer Secretary at:

Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, South Africa
(Private Bag X9000, Saxonwold, 2132)
Telephone: +27 11 373 0033
Facsimile: +27 11 688 5218
Email enquiries: web.queries@computershare.co.za

For further information:

Supermarket Income REIT plc
Rob Abraham / Mike Perkins / Chris McMahon                                ir@suprplc.com



The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE
Limited.


United Kingdom
22 April 2025

Sponsor: PSG Capital

Date: 22-04-2025 03:01:00
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.