Update in Respect of the Distribution for the Six Months Ended 31 December 2013
Posted on: 20 March 2014
NEPI shareholders are referred to the distribution declaration announced on 4 March 2014 and are advised that shareholders on the South African share register will receive their cash dividend in South African Rand converted from Euro at an exchange rate of EUR1.00 : ZAR15.00. Accordingly, the cash dividend of 13.86 Euro cents per share will be equal to 207.90000 ZAR cents per share.
Shareholders who elect to receive new NEPI shares (“new NEPI shares”) instead of the cash dividend will be entitled to 2.742 new NEPI shares for every 100 NEPI shares held by the shareholder at the record date, being Friday, 4 April 2014.
Dividend tax and therefore the information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount is 207.90000 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local divided amount is 176.71500 ZAR cents per share for shareholders liable to pay the dividends tax rate of 15%. As the company is not a South African registered company, it does not have any STC credits available for set-off against the dividends tax liability and there is no withholding tax payable in the Isle of Man.