(Incorporated in the Republic of South Africa)
(Registration Number 1924/002590/06)
Tax reference number: 9000008608
(“AECI” or “the Company”)
Share code AFEP ISIN No. ZAE000000238
NOTICE IS HEREBY GIVEN that on Friday, 16 May 2014 the Directors of AECI declared a gross dividend at the rate of 5,5 per cent per annum for the six months ending Friday, 13 June 2014 payable on Friday, 13 June 2014 to holders of preference shares recorded in the books of the Company at the close of business on Friday, 6 June 2014.
The last day to trade cum dividend will be Friday, 30 May 2014 and shares will commence trading ex dividend as from Monday, 2 June 2014.
The dividend is declared in pound sterling and payment will be made from the offices of the Transfer Secretaries in South Africa and the United Kingdom on Friday, 13 June 2014. Dividends payable from South Africa will be paid in South African currency at the rate of 47,93875 cents per share (gross dividend) in accordance with the exchange rate ruling on Monday, 12 May 2014 (1 pound sterling = R17,43227).
A South African dividend withholding tax of 15% will be applicable to all shareholders who are not either exempt or entitled to a reduction of the withholding tax rate in terms of a relevant Double Taxation Agreement resulting in a net dividend of 40,74794 cents per share to those shareholders who are not exempt. Application forms for exemption or reduction may be obtained from the Transfer Secretaries and must be returned to them on or before Friday, 30 May 2014.
Dividends payable from the United Kingdom office will be subject to such tax deductions as are prescribed by United Kingdom legislation unless a certificate exempting the shareholder concerned from such tax deduction is received before Friday, 30 May 2014.
The issued share capital at the declaration date is 128 241 140 listed ordinary shares, 10 117 951 unlisted redeemable convertible B ordinary shares and 3 000 000 listed cumulative preference shares. The dividend has been declared from the income reserves of the Company. No Secondary Tax on Companies’ credits are available to be used.
Any change of address or dividend instruction must be received on or before Friday, 30 May 2014.
Share certificates may not be dematerialised or rematerialised from Monday, 2 June 2014 to Friday, 6 June 2014, both days inclusive.
By order of the Board
Group Company Secretary
16 May 2014
Computershare Investor Services Proprietary Limited
70 Marshall Street, Johannesburg 2001
Computershare Investor Services PLC
P O Box 82
Bristol BS99 7NH
1st floor, AECI Place
24 The Woodlands
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)