AFRICAN & OVERSEAS ENTERPRISES LIMITED - Declaration of cash dividend in respect of the 6% cumulative preference shares

Declaration of cash dividend in respect of the 6% cumulative preference shares

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO          ISIN: ZAE000000485
JSE share code: AON          ISIN: ZAE000009718
JSE share code: AOVP         ISIN: ZAE000000493
("AOE")


DECLARATION OF CASH DIVIDEND IN RESPECT OF THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES


Notice is hereby given that a cash dividend ("preference share dividend") on the 6% cumulative participating
preference shares ("preference shares") for the six months ending 31 December 2023 at the rate of 6% per annum (6.00
cents per preference share) has been declared and will be paid on Monday, 4 March 2024 to all holders of preference
shares ("preference shareholders") recorded in the register of AOE at close of business on Friday, 1 March 2024.

The salient dates of the preference share dividend are as follows:

Last date to trade cum preference share dividend:                                         Tuesday, 27 February 2024
Preference shares trade ex preference share dividend:                                   Wednesday, 28 February 2024
Record date:                                                                                   Friday, 1 March 2024
Payment date:                                                                                  Monday, 4 March 2024

Preference share certificates may not be dematerialised or rematerialised between Wednesday, 28 February 2024 and
Friday, 1 March 2024, both dates inclusive.
Preference shareholders are advised of the following additional information:
1.      the preference share dividend has been declared out of income reserves;
2.      the local dividend tax rate is 20%;
3.      the gross local preference share dividend amount is 6.00 cents per preference share for preference shareholders;
4.      the net local preference share dividend amount for preference shareholders:
        4.1.      exempt from payment of dividends tax is 6.00 cents per preference share; and
        4.2.      liable to pay dividends tax is 4.80 cents per preference share;
5.      the issued preference share capital of AOE is 275 000 6% cumulative participating preference shares of R2.00
        each;
6.      the issued ordinary share capital of AOE is 1 618 750 ordinary shares of no par value and 10 221 921 "N"
        ordinary shares of no par value; and
7.      AOE's tax reference number is 9010/017/03/7.

13 February 2024


Sponsor
Java Capital

Date: 13-02-2024 11:00:00
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