CA SALES HOLDINGS LIMITED - Finalisation Announcement And Notice Of Dividend Currency Exchange Rate

Finalisation Announcement And Notice Of Dividend Currency Exchange Rate

CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited ("JSE") share code: CAA
Botswana Stock Exchange ("BSE") share code: CAS-EQO
ISIN: ZAE400000036
("CA&S" or "the Company")

FINALISATION ANNOUNCEMENT AND NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE

Shareholders are referred to the Company's audited financial results for the year ended
31 December 2023, announced on 27 March 2024, in which announcement CA&S, inter alia,
declared a final gross cash dividend of 19.56 South African cents ("ZAc") (or Botswana thebe
("BWt") equivalent) per ordinary share for shareholders appearing on the Company's JSE and
BSE share registers on Friday, 19 April 2024 ("Dividend").

For shares held on the South African share register, the cash consideration in itself will be exempt
from income tax as it constitutes a dividend. The cash consideration will generally give rise to a
liability for dividends tax at the rate of 20% in accordance with the Income Tax Act, No. 58 of
1962, as amended ("South African Income Tax Act"). A shareholder who does not qualify for
an exemption from the dividends tax will receive a net dividend of 15.648 ZAc per share. The
exemption from dividend tax is for instance available to South African companies, provided a
shareholder has signed and delivered the relevant declaration and undertaking to the Company
beforehand. Non-resident shareholders, South African individuals and South African trusts
(if they are the beneficial holder of the shares) will not qualify for the exemption from dividends
tax. A reduced rate of dividends tax will apply should the shareholder be a non-resident and South
Africa has concluded a double taxation convention with the country of which the shareholder is a
resident. In the event that any shareholder does not qualify for an exemption from the dividends
tax or a reduced rate of dividends tax applies, CA&S will withhold the relevant portion from the
cash consideration in relation to a particular shareholder in order to make payment of such liability
for dividends tax. Any dividend that is declared by CA&S to South African shareholders will be
deemed to be a local dividend for South African tax purposes.

As per the double taxation agreement between Botswana and South Africa, withholding tax in
South Africa of 15% is deducted from dividends distributed to Botswana shareholders. Botswana
shareholders are advised that the Dividend was calculated at the average South African Rand
("ZAR") to Botswana Pula ("BWP") exchange rate of ZAR 1 / BWP 0.72369 on 3 April 2024,
resulting in a gross Dividend of 14.15538 BWt per share, while the Dividend net of 15%
withholding tax is 12.03207 BWt per share. This Dividend is treated as a foreign dividend for
Botswana shareholders. Botswana shareholders should consider whether any additional taxes
may be applicable to them and obtain advice from a tax advisor, where appropriate.

Dematerialised and certificated shareholders' Dividend will be paid into the nominated bank
account of each shareholder. Shareholders are requested to ensure that the Company has their
latest valid banking details to ensure that the Dividend payment can be processed.

Shareholders must take individual advice as to applicable taxes.

Centurion
3 April 2024

JSE Sponsor
PSG Capital

BSE Sponsoring Broker
Imara Capital Securities

Date: 03-04-2024 03:30:00
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