Zenith Energy Limited referred to its announcement dated 6 March 2020 in relation to the agreed acquisition of the Company by Elemental Infrastructure BidCo Pty Ltd. (`Elemental'). As contemplated in the Scheme Implementation Deed (`SID') Zenith confirmed that the Board has determined the Company has the capacity to pay a $0.13 per share fully franked dividend (`Special Dividend'), as part of the Scheme Consideration of $1.01 per Zenith share cash, conditional on the Scheme becoming effective. The payment of the Special Dividend provides the opportunity for eligible shareholders, subject to their marginal tax rate, to receive an additional benefit of up to $0.05 per share from franking credits attached to the Special Dividend. This benefit is in addition to the Scheme Consideration of $1.01 per Zenith share cash and would imply a value for those eligible shareholders of up to $1.06 per share. The Special Dividend is expected to be paid in July 2020, with an anticipated record date of 5:00pm (WST) on 25 June 2020 (`Special Dividend Record Date').