CORRECTION ANNOUNCEMENT: STEINHOFF INVESTMENTS: DIVIDEND TO PREFERENCE
SHAREHOLDERS
Shareholders are referred to the announcement published by the Company on
21 August 2019 (“Announcement”) in which shareholders were advised that the board of
directors of the Company has declared a gross dividend, payable on
Monday, 14 October 2019 in respect of the 6-month period from 1 January 2019 to
30 June 2019.
Shareholders are advised that, due to a calculation error, the gross dividend per share was
erroneously stated in the Announcement as “491.15754” instead of “419.33733” cents per
share, with a resulting change in the net dividend published.
For the sake of clarity, the contents of the Announcement are restated correctly below:
The board of directors of the Company has declared a gross dividend of 419.33733 cents per
share, payable on Monday 14 October 2019 in respect of the period 1 January 2019 to 30
June 2019 (“the Preference Dividend” ), payable to the shareholders, recorded in the books
of the Company at the close of business on Friday 11 October 2019, of the 15 000 000
cumulative, non-redeemable, non-participating, variable rate preference shares issued by the
Company (“the Preference Shares”)
At the date of declaration there were 15 000 000 (Fifteen million) Preference Shares in issue.
The Preference Dividend will be payable in the currency of South Africa and will be subject to
a local dividend tax rate of 20%. This will result in a net dividend of 335.46986 cents per
Preference Share, unless the Preference Shareholder is exempt from dividend tax or is entitled
to a reduced rate in terms of an applicable double-tax agreement. Steinhoff Investments’
income tax reference number is 9375/046/71/2.