PBT Group Limited announced on 26 May 2022, the Board resolved to declare a further special distribution of 30 cents per PBT Group ordinary share. The total Distribution will equate to ZAR 31.8 million. The required exchange control approval of the Distribution has been obtained from the South African Reserve Bank.

A gross special dividend of 30 cents per PBT Group ordinary share from income reserves will be subject to dividend withholding tax at a rate of 20%. Consequently, a net dividend of 24 cents per share will be distributed to those Shareholders who are not exempt from paying dividend tax. In terms of dividend tax legislation, the dividend tax amount due will be withheld and paid over to the South African Revenue Service by a nominee company, stockbroker or Central Securities Depository Participant on behalf of the Shareholders.

However, all Shareholders choosing this option should declare their status to their regulated intermediary, as they may qualify for a reduced dividend tax rate or exemption. A capital reduction distribution of 30 cents per PBT Group ordinary share is not subject to dividend withholding tax as the Distribution is paid out of capital reserves. As the Distribution will be regarded as a return of capital in this case and may therefore have potential capital gains tax consequences, Shareholders are advised to consult their tax advisers regarding the impact of the Distribution.

Last day to trade cum Distribution to be 13 June 2022. First trading day ex Distribution to be 14 June 2022. Record date to be 17 June 2022.

Payment date to be 20 June 2022. No share certificates may be dematerialised or rematerialised between 14 June 2022 and 17 June 2022, both days inclusive.