Declaration of final ordinary dividend
Notice is hereby given that a gross year-end dividend of 830 cents per share for the period to 31 December 2015 has been declared payable to MTN shareholders. The number of ordinary shares in issue at the date of this declaration is 1 844 049 073 (including 10 400 061 treasury shares).
The dividend will be subject to a maximum local dividend tax rate of 15% which will result in a net dividend of 705,50 cents per share to those shareholders who bear the maximum rate of dividend withholding tax of 124,50 cents per share. The net dividend per share for the respective categories of shareholders for the different dividend tax rates is as follows:
| 0% | 830,00 cents per share |
| 5% | 788,50 cents per share |
| 7,5% | 767,75 cents per share |
| 10% | 747,00 cents per share |
| 12,5% | 726,25 cents per share |
| 15% | 705,50 cents per share |
These different dividend tax rates are a result of the application of tax rates in various double taxation agreements as well as exemptions from dividend tax.
MTN Group Limited’s tax reference number is 9692/942/71/8. In compliance with the requirements of Strate, the electronic settlement and custody system used by the JSE Limited, the salient dates relating to the payment of the dividend are as follows:
| Last day to trade cum dividend on the JSE | Wednesday, 23 March 2016 |
| First trading day ex dividend on the JSE | Thursday, 24 March 2016 |
| Record date | Friday, 1 April 2016 |
| Payment date | Monday, 4 April 2016 |
No share certificates may be dematerialised or re-materialised between Thursday, 24 March 2016 and Friday, 1 April 2016, both days inclusive. On Monday, 4 April 2016, the dividend will be transferred electronically to the bank accounts of certificated shareholders who make use of this facility.
In respect of those who do not use this facility, cheques dated Monday, 4 April 2016 will be posted on or about that date. Shareholders who hold dematerialised shares will have their accounts held by the Central Securities Depository Participant or broker credited on Monday, 4 April 2016.
Any forward looking information contained in this announcement has not been audited or reviewed and reported on by the Company’s external auditors.
For and on behalf of the Board
| PF Nhleko Chairman Fairland 2 March 2016 |