REPL::Cash Dividend/ Distribution::Mandatory

Issuer/ Manager

SARINE TECHNOLOGIES LTD.

Security

SARINE TECHNOLOGIES LTD - IL0010927254 - U77

REPL::Cash Dividend/ Distribution::Mandatory Issuer & Securities

Announcement Details

Announcement Title

Mandatory Cash Dividend/ Distribution

Date & Time of Broadcast

02-May-2016 18:18:13

Status

Replacement

Corporate Action Reference

SG160420DVCAQZ8D

Submitted By (CoJInd.Name)

Amir J. Zolty

Designation

Company Secretary

Dividend/ Distribution Number

Applicable

Value

0

Dividend/ Distribution Type

Final

FinancialYear End

31/12/2015

Declared Dividend/ Distribution Rate (Per Share/ Unit)

USD 0.015

Event Narrative

Narrative Type Narrative Text

1.The tax rate will be 20% for individual Israelishareholders and 0% for Israeli corporate shareholders. Taxation 2. The tax rate for individual and corporate shareholders in Singapore is 10%.

Conditions 3.This announcement supersedes previous announcements posted by the Company on 29 February 2016 and 19 April 2016.

Event Dates

Record Date and Time

29/04/2016 17:00:00

Ex Data

27/04/2016

Dividend Details

Payment Type

Payment Rate in Gross

Taxable

Yes

Tax Rate (%)

10

Gross Rate (Per Share)

SGD 0.020168

Net Rate {Par Shara)

SGD 0.018151

Pay Date

13/05/2016

Currency Pair

USD/SGD

Issuer Declared Exchange Rate

1.3445

I Gross Rate Status IActual Rate

Related Announcements

20/04/2016 20:03:09

Applicable for REITs/ Business Trusts/ Stapled Securities

Sarine Technologies Ltd. issued this content on 02 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2016 06:38:05 UTC. Original document available at http://ir.listedcompany.com/tracker.pl?type=6&id=524063