Amendment to rate applicable to dividend withholding tax and impact on cash dividend declaration
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1929/001986/06)
Share code: WHL
AMENDMENT TO RATE APPLICABLE TO DIVIDEND WITHHOLDING TAX AND IMPACT ON
CASH DIVIDEND DECLARATION
Shareholders are referred to the announcement released on the Stock Exchange News
Service on Thursday, 16 February 2017 in which they were advised, inter alia, that the Board
of directors had resolved to declare an interim gross cash dividend to shareholders recorded
in the register of the company on 10 March 2017 ("Announcement").
Shareholders are now advised that, consequent to the announcement by Minister Gordhan
of an increase in the dividend withholding tax ("DWT") rate from 15% to 20%, in his budget
speech of 22 February 2017, the DWT applicable to the gross cash dividend of 133 cents to
be paid to shareholders who are not exempt from DWT is 20%.
The net dividend amount per ordinary share is accordingly 106.4 cents and not 113.05 cents
as previously announced. The remainder of the Announcement is unaffected.
24 February 2017
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/02/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.