Shareholders are referred to the Arrowhead dividend declaration announcement published on SENS on 22 February 2017, wherein shareholders were advised of a cash dividend (dividend number 21) of 21.41000 cents per ordinary share for the quarter ended 31 December 2016.

Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017 wherein the dividends withholding tax rate was increased from 15% to 20%, the increased dividends withholding tax of 20% applies in respect of any dividend paid on or after 22 February 2017.

Non-resident shareholders are accordingly advised that the net dividend amount due to non-resident shareholders, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (ôDTAö) between South Africa and the country of residence of the shareholder, is 17.12800 cents per ordinary share and not 18.19850 cents per ordinary share as previously disclosed. The tax position in respect of the dividend received by or accrued to South African tax residents remains unchanged.

The salient dates and times and other information provided in respect of the dividend declaration announced on 22 February 2017 remain unchanged.

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Arrowhead Properties Limited published this content on 24 February 2017 and is solely responsible for the information contained herein.
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