TRENCOR LIMITED - Declaration of a Special Cash Dividend

Declaration of a Special Cash Dividend

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")

DECLARATION OF A SPECIAL CASH DIVIDEND

The board has declared a gross special cash dividend (number 108) of 730 cents per share out of
distributable reserves, subject to obtaining the required regulatory approval from the South African
Reserve Bank ("SARB") to distribute such funds to its shareholders by way of a special cash dividend.

The salient dates pertaining to the dividend payment are as follows:

Finalisation information anticipated to be released on       Tuesday, 11 February 2025
Last day to trade cum the dividend                           Tuesday, 18 February 2025
Trading commences ex the dividend                          Wednesday, 19 February 2025
Record date                                                   Friday, 21 February 2025
Payment date                                                  Monday, 24 February 2025

Share certificates may not be dematerialised or rematerialised between Wednesday, 19 February 2025
and Friday, 21 February 2025, both days inclusive.

Note that:
-  Dividend withholding tax at the rate of 20% will be applicable to shareholders who are not exempt
   from this tax and who are not subject to a reduced rate in terms of any applicable agreement for
   the avoidance of double taxation between South Africa and such shareholders' country of
   residence, which will result in a net dividend of 584 cents per share to these shareholders;
-  Shareholders who are in doubt as to their tax status or position or any other matter, including, inter
   alia, any applicable exchange control requirement, should consult an appropriate independent
   professional advisor in their relevant jurisdiction without delay;
-  Trencor's tax reference number is 9676002711; and
-  Trencor's issued share capital at the declaration date is R867 673 (173 534 676 ordinary shares of
   0,5 cent each).

Application has been made to the Financial Surveillance Department of SARB for approval of the
special cash dividend. Once received, the finalisation information pertaining to the payment of the
special cash dividend will be communicated to shareholders.

In determining the amount distributed to shareholders by way of this special dividend, the board has
considered the importance and prudence of retaining an adequate buffer, to fund any potential
unforeseeable future expenses. As the winding up process evolves, this buffer may be reduced.

The board will make a further announcement on the process of winding up in due course.

On behalf of the board
Ric Sieni
Chief Executive Officer and Financial Director

28 January 2025

Sponsor: Investec Bank Limited

www.trencor.net

Date: 28-01-2025 02:51:00
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