2017/02/24
WHLE - WOOLWORTHS HOLDINGS LIMITED - Amendment to rate applicable to dividend withholding tax and impact on cash dividend declaration [JSE Securities Exchange - SENS]
 
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
ISIN: ZAE000063863
("the company")

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

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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