LIGHTHOUSE PROPERTIES PLC - Dividend/distribution finalisation announcement for the six months ended 31 December 2024

Dividend/distribution finalisation announcement for the six months ended 31 December 2024

LIGHTHOUSE PROPERTIES p.l.c.
(Registered in Malta)
(Registration number: C 100848)
Share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
("Lighthouse")

THE ATTENTION OF SHAREHOLDERS IS DRAWN TO THE FACT THAT THE SCRIP DISTRIBUTION IS LIMITED TO A MAXIMUM OF 50% OF 
THE TOTAL VALUE OF THE FINAL DISTRIBUTION DECLARED BY LIGHTHOUSE. SHOULD SHAREHOLDERS ELECT TO RECEIVE THE SCRIP 
DISTRIBUTION SUCH THAT THE TOTAL AGGREGATE VALUE OF SUCH SCRIP DISTRIBUTION ELECTIONS EXCEEDS 50% OF THE TOTAL 
FINAL DISTRIBUTION, SUCH ELECTIONS WILL BE REDUCED EQUITABLY FOR ALL SHAREHOLDERS ON A PRO RATA BASIS TO 50% OF 
THE TOTAL FINAL DISTRIBUTION IN AGGREGATE, WITH THE REMAINDER PAYABLE AS A CASH DIVIDEND.


DIVIDEND/DISTRIBUTION FINALISATION ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2024


Lighthouse shareholders are referred to the dividend declaration announcement released on Tuesday, 25 March 2025
and the circular ("Circular") distributed to shareholders in respect of a cash dividend of 1.35050 EUR cents per
share ("Cash Dividend"), with an alternative scrip distribution option of 1.35050 EUR cents per share ("Scrip
Distribution"), subject to the Scrip Distribution being limited to 50% of the total final distribution declared by
Lighthouse.

Shareholders are advised as follows:

    1. The Scrip Distribution reference price is 751.88883 ZAR cents per share ("Scrip Distribution Reference
       Price"), being a 2% discount to the spot price of Lighthouse shares traded on the JSE on Monday, 31 March
       2025, less the amount of the Cash Dividend, converted from EUR at an exchange rate of
       ZAR 19.81970:EUR 1.00 (determined as the closing foreign exchange rate on Monday, 31 March 2025).

    2. Shareholders on the South African register who receive the Cash Dividend will receive their Cash Dividend
       in South African Rands, converted from Euro at an exchange rate of ZAR 19.81970:EUR 1.00.

    3. Accordingly, the gross Cash Dividend of 1.35050 EUR cents per share will be equal to 26.76650 ZAR cents
       per share for shareholders on the South African register who are exempt from paying South African dividends
       tax.

    4. The net Cash Dividend amount is 21.41320 ZAR cents per share for South African shareholders liable for
       South African dividends tax at a rate of 20.00%.

    5. Shareholders electing to receive the Scrip Distribution will be entitled to 3.55990 new Lighthouse shares for
       every 100 Lighthouse shares held on the record date, being Friday, 11 April 2025, representing the ratio that
       the Scrip Distribution bears to the Scrip Distribution Reference Price.

Shareholders are referred to the tax implications as set out in the Circular and the dividend/distribution declaration
announcement released on Tuesday, 25 March 2025.

The salient dates and times announced on Tuesday, 25 March 2025 remain unchanged. Terms defined in the Circular
shall bear the same meaning in this announcement.

As at the date of this announcement, Lighthouse has 2 023 353 689 ordinary shares in issue. If all shareholders receive
the Cash Dividend, the total value of the distribution will amount to EUR 27 325 392.

A maximum number of 36 014 863 new Lighthouse shares will be issued in terms of the Scrip Distribution,
representing the ratio that the Scrip Distribution bears to the Scrip Distribution Reference Price. Accordingly, should
Shareholders elect to receive the Scrip Distribution such that the total number of Lighthouse shares exceeds
36 014 863 Lighthouse shares, the Scrip Distribution elections will be reduced equitably for all Shareholders who
have elected the Scrip Distribution on a pro rata basis to a maximum of 36 014 863 Lighthouse shares, with the
remainder payable as a Cash Dividend.

The allocation of new Lighthouse shares will be such that shareholders receiving the Scrip Distribution will not be
allocated a fraction of a new Lighthouse share.

Any entitlement to receive a fraction of a new Lighthouse share will be rounded down to the nearest whole number
and the value of the fraction (less any applicable dividends tax) will be paid to shareholders, to be announced on
Thursday, 10 April 2025.

1 April 2025


JSE sponsor and corporate advisor                            Company Secretary
Java Capital                                                 Stonehage Fleming Malta Limited

Tel: +27 (0)78 456 9999                                      Tel: +356 2144 6377
Date: 01-04-2025 11:06:00
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