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Declaration of Special Dividend in respect of Financial Year 2025
Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI
ISIN: ZAE000171948
("Master Drilling" or the "Company")
Declaration of Special Dividend in respect of Financial Year 2025
Shareholders are referred to the Company's audited annual financial statements for the year ended 31
December 2025 ("Financial Year 2025"), released on SENS on 31 March 2026, wherein the Board
advised that, having regard to then prevailing geopolitical uncertainty, global market volatility and the
importance of maintaining financial flexibility during such uncertain times, it had resolved not to declare
a dividend i.r.o. Financial Year 2025 at that time. The Board then indicated that it would consider such
a dividend as soon as it became possible, possibly by way of a special dividend rather than a normally
scheduled dividend.
The Board has continued to monitor global developments in the Company's external operating
environment on a continuous basis. Notably, despite recent volatility, the increased oil prices and other
global uncertainties did not have a material impact on our ongoing operations. While it was initially
anticipated that these macro-environmental developments might necessitate the postponement and/or
delay of certain clients' projects, all of our key initiatives progressed as initially scheduled and no
cancellations and/or postponements were experienced.
Consequently, based on the Board's current assessment of the likely impact of these developments on
the Company's prospects, financial position, liquidity profile, cash generation capabilities, and
anticipated capital requirements, the Board has resolved to declare a special gross cash dividend in
respect of Financial Year 2025 of ZAR 0,40 (forty cents) per ordinary share from income reserves.
SALIENT DATES
The salient dates relating to the special cash dividend are expected to be as follows:
- Latest finalisation date, by 11h00: Monday, 3 August 2026
- Last day to trade cum dividend: Tuesday, 11 August 2026
- Shares commence trading ex-dividend: Wednesday, 12 August 2026
- Record date: Friday, 14 August 2026
- Payment date: Monday, 17 August 2026
Share certificates may not be dematerialised or rematerialised between Wednesday, 12 August 2026
and Friday, 14 August 2026, both days inclusive.
A special dividend is subject to Exchange Control approval. A further announcement will be released
once Exchange Control approval has been obtained.
The dividend has been declared from income reserves. The local dividend tax rate is 20%. The net
dividend amount payable to shareholders who are subject to the 20% dividend withholding tax will
therefore be ZAR 0,32 (thirty-two cents) per ordinary share.
The Company's income tax reference number is 9797433159.
The number of ordinary shares in issue at the date of this announcement is 150 536 779.
Fochville
11 June 2026
Sponsor
Investec Bank Limited
Date: 11-06-2026 11:45:00
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