TRENCOR LIMITED - Declaration of a Special Cash Dividend

Declaration of a Special Cash Dividend

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

DECLARATION OF A SPECIAL CASH DIVIDEND

Further to the update on indemnities and a proposed special cash dividend, published on the Stock
Exchange News Service on 28 September 2020, shareholders are advised that Trencor received
dividend proceeds from TAC Limited of US$16,3 million (equivalent R275,5 million) on
29 September 2020 and has obtained the required regulatory approvals from the South African Reserve
Bank and JSE Limited to declare and distribute such funds to its shareholders by way of a special cash
dividend.

The board has declared a gross special cash dividend of 160 cents per share out of distributable
reserves.

The salient dates pertaining to the dividend payment are as follows:

Last day to trade cum the dividend                  Tuesday, 27 October 2020
Trading commences ex the dividend                 Wednesday, 28 October 2020
Record date                                          Friday, 30 October 2020
Payment date                                         Monday, 2 November 2020

Share certificates may not be dematerialised or rematerialised between Wednesday, 28 October 2020
and Friday, 30 October 2020, both days inclusive.

Note that:
-  Dividend withholding tax at the rate of 20% will be applicable to shareholders who are not exempt
   from this tax and who are not subject to a reduced rate in terms of any applicable agreement for
   the avoidance of double taxation between South Africa and such shareholders’ country of
   residence, which will result in a net dividend of 128 cents per share to these shareholders;
-  Shareholders who are in doubt as to their tax status or position or any other matter, including, inter
   alia, any applicable exchange control requirement, should consult an appropriate independent
   professional advisor in their relevant jurisdiction without delay;
-  Trencor’s tax reference number is 9676002711; and
-  Trencor’s issued share capital at the declaration date is R867 673 (173 534 676 ordinary shares of
   0,5 cent each).

Trencor Services Proprietary Limited
Secretaries

5 October 2020

Sponsor: Investec Bank Limited
www.trencor.net

Date: 05-10-2020 08:30:00
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