AFRICAN & OVERSEAS ENTERPRISES LIMITED - Declaration of cash dividend in respect of the 6% cumulative preference shares

Declaration of cash dividend in respect of the 6% cumulative preference shares

AFRICAN AND OVERSEAS ENTERPRISES LIMITED
Listed on the General Segment of the Main Board
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO            ISIN: ZAE000000485
JSE share code: AON            ISIN: ZAE000009718
JSE share code: AOVP           ISIN: ZAE000000493
("AOE" or the "Company")


DECLARATION OF CASH DIVIDEND IN RESPECT OF THE 6% CUMULATIVE PREFERENCE SHARES


Notice is hereby given that a cash dividend ("preference share dividend") on the 6% cumulative preference shares ("preference
shares") for the six months ending 30 June 2025 at the rate of 6% per annum (6.00 cents per preference share) has been declared
and will be paid on Monday, 28 July 2025 to all holders of preference shares ("preference shareholders") recorded in the register
of AOE at close of business on Friday, 25 July 2025.

The salient dates for the payment of the preference share dividend are as follows:

                                                                                                                            2025
Last date to trade cum preference share dividend:                                                               Tuesday, 22 July
Preference shares trade ex preference share dividend:                                                         Wednesday, 23 July
Record date:                                                                                                     Friday, 25 July
Payment date:                                                                                                    Monday, 28 July

Preference share certificates may not be dematerialised or rematerialised between Wednesday, 23 July 2025 and Friday,
25 July 2025, both dates inclusive.
Preference shareholders are advised of the following additional information:

1.     the preference share dividend has been declared out of income reserves;
2.     the local dividend tax rate is 20%;
3.     the gross local preference share dividend amount is 6.00 cents per preference share for preference shareholders;
4.     the net local preference share dividend amount for preference shareholders:
       4.1.    exempt from payment of dividends tax is 6.00 cents per preference share; and
       4.2.    liable to pay dividends tax is 4.80 cents per preference share;
5.     the issued preference share capital of AOE comprises 275 000 6% cumulative preference shares of R2.00 each;
6.     the issued ordinary share capital of AOE comprises 1 618 750 ordinary shares of no par value and 10 221 921 "N" ordinary
       shares of no par value; and
7.     AOE's tax reference number is 9010/017/03/7.

3 July 2025


Sponsor
Java Capital

Date: 03-07-2025 04:00:00
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