COMPAGNIE FINANCIERE RICHEMONT SA - Compagnie Financiere Richemont SA Dividend dates in respect of South African A shares (JSE shares)

Compagnie Financiere Richemont SA – Dividend dates in respect of South African ‘A’ shares (‘JSE shares’)

Compagnie Financiere Richemont SA
("Richemont" or "the Company" or "the Group")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332

COMPAGNIE FINANCIERE RICHEMONT SA – DIVIDEND DATES IN RESPECT OF
SOUTH AFRICAN 'A' shares ('JSE shares')

The foreign dividend payable to holders of CFR shares on the JSE
resident in South Africa is derived from the dividend paid by
Compagnie Financiere Richemont SA, Switzerland ('CFR') to holders of
Richemont 'A' shares.

The dividend payable for the CFR shares on the JSE is payable in
Rand and will be effected via CSD participants in Strate for all
dematerialised holdings.

The board of directors of CFR has recommended a dividend of
CHF 2.75000 per 'A' share from income reserves. It is anticipated
that this dividend will be approved by shareholders of CFR at the
annual general meeting to be held on Wednesday 11 September 2024 in
Geneva.   The dividend payable by CFR will be subject to Swiss
withholding tax of 35 per cent, resulting in a net dividend of
CHF 1.78750 per 'A' share. South African tax residents are eligible
to recover 20 per cent of the 35 per cent Swiss withholding tax
levied on the CFR dividend.

Following the increase in the South African dividends tax rate from
15 percent to 20 percent a revised binding class ruling has been
obtained from the South African Revenue Service('SARS'). In terms
of this ruling, those JSE shareholders who are not exempt from the
South African dividends tax will be subject to a rate of 5 percent
South African tax because of the credit available in respect of the
Swiss withholding tax paid. Those JSE shareholders who qualify for
exemption from the South African tax (e.g. South African companies
and non-residents of South Africa) must ensure that they have filed
the relevant exemption forms with their brokers/ banks in order to
ensure that no South African tax is withheld.

The exchange rate applicable for the conversion of Swiss franc to
Rand as at 11 September 2024, for payment of the dividends, will be
confirmed in a separate announcement to be released on SENS on
Wednesday, 11 September 2024.

The payment dates for the dividends in respect of the JSE shares are
anticipated to be as follows:

Finalisation date                      Wednesday 11 September 2024

Last date to trade "cum dividend"      Wednesday, 18 September 2024

Trading commences "ex-dividend" from
the commencement of business on        Thursday, 19 September 2024

JSE share record date                  Monday, 23 September 2024

JSE share dividend payment date        Monday, 30 September 2024

JSE shareholders may not dematerialise or rematerialise their shares
between Thursday, 19 September 2024 and Monday, 23 September 2024
both days inclusive. No transfers of shareholdings to and from South
Africa will be permitted between Thursday, 12 September 2024 and
Monday, 23 September 2024 (both dates inclusive).

As mentioned in our SENS release of 13 March 2024, Computershare
provided the withholding tax reclaim forms to all holders for the
2022 and 2023 dividend years on 30 November 2023, but if you have
not received these you can still contact Computershare, as follows:

Computershare Investor Services (Pty) Ltd
Private Bag X9000
2132 SAXONWOLD
Telephone: 0861 100 935

OR email:   wht.richemont@computershare.co.za

who will be happy to provide these to you.

Please note that claimants have three years to submit their claim
to the Swiss Federal Tax Administration ('SFTA'), meaning that claims
with regard to the 2022 dividend must be submitted to the SFTA prior
to December 31st, 2025.

Computershare and its associate's involvement in the withholding tax
reclaim process is to assist former Richemont DR holders and 'A'
shareholders only. They do not accept any responsibility for any
delay or failure by SARS or the SFTA to accept claims for a refund
and/or for any failure, for whatever reason, by the SFTA to pay the
refund and/or any failure by claimants to receive the payment. In
the event of any refusal by SARS or the SFTA to accept the claims
or pay the refunds, holders may take the matter up with the relevant
tax authorities personally as and if appropriate.

CFR may appoint other parties to assist in the administration of the
share programme and may provide to such agents such information as
it deems to be appropriate, including information relating to the
identity of holders of JSE shares.

Richemont A shares are listed on the SIX Swiss Exchange,
Richemont's primary listing, and are included in the Swiss Market
Index ('SMI') of leading stocks. Richemont A shares are listed on
the Johannesburg Stock Exchange, Richemont's secondary listing.

17 May 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17-05-2024 07:35:00
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