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 PREFERENCE SHARES


Notice is hereby given that a cash dividend ("preference share dividend") on the 6% cumulative preference shares
("preference shares") for the six months ending 30 June 2024 at the rate of 6% per annum (6.00 cents per preference
share) has been declared and will be paid on Monday, 22 July 2024 to all holders of preference shares ("preference
shareholders") recorded in the register of AOE at close of business on Friday, 19 July 2024.

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

Last date to trade cum preference share dividend:                                              Tuesday, 16 July 2024
Preference shares trade ex preference share dividend:                                        Wednesday, 17 July 2024
Record date:                                                                                    Friday, 19 July 2024
Payment date:                                                                                   Monday, 22 July 2024

Preference share certificates may not be dematerialised or rematerialised between Wednesday, 17 July 2024 and Friday,
19 July 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 comprises 275 000 6% cumulative preference shares of R2.00 each;
6.      the issued ordinary share capital of AOE comprises 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.

2 July 2024


Sponsor
Java Capital

Date: 02-07-2024 01:30:00
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