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
Listed on the General Segment of the Main Board
(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" or the "Company")


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 31 December 2024 at the rate of 6% per annum (6.00 cents per preference share) has been
declared and will be paid on Monday, 17 February 2025 to all holders of preference shares ("preference shareholders") recorded
in the register of AOE at close of business on Friday, 14 February 2025.

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

                                                                                                                         2025
Last date to trade cum preference share dividend:                                                        Tuesday, 11 February
Preference shares trade ex preference share dividend:                                                   Wednesday,12 February
Record date:                                                                                              Friday, 14 February
Payment date:                                                                                             Monday, 17 February

Preference share certificates may not be dematerialised or rematerialised between Wednesday,12 February 2025 and Friday,
14 February 2025, 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.

23 January 2025


Sponsor
Java Capital

Date: 23-01-2025 04:30:00
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