SUPERMARKET INCOME REIT PLC - Notice of dividend currency exchange rate (South African rand) and tax implications for South African shareholders

Notice of dividend currency exchange rate (South African rand) and tax implications for South African shareholders

SUPERMARKET INCOME REIT PLC
(Incorporated in the United Kingdom)
Company Number: 10799126
LSE Share Code: SUPR
JSE Share Code: SRI
ISIN Code: GB00BF345X11
LEI: 2138007FOINJKAM7L537
("SUPR" or the "Company")

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND) AND TAX
IMPLICATIONS FOR SOUTH AFRICAN SHAREHOLDERS

On 9 January 2025 the Company announced the declaration of an interim dividend in respect of the period
from 1 October 2024 to 31 December 2024 of 1.53 pence per ordinary share ("Second Quarterly
Dividend"), which will be paid by way of a Property Income Distribution ("PID") on Friday, 28 February 2025
("Dividend Payment Date") to shareholders on the register as at 31 January 2025 ("Record Date").

The Second Quarterly Dividend will be paid in British pound sterling ("GBP") to shareholders on the UK
register ("UK Shareholders") and South African Rand ("ZAR") to shareholders on the South African register
("SA Shareholders"). SA Shareholders are advised that the currency exchange rate applicable to the
Second Quarterly Dividend payable in ZAR will be 22.7391 ZAR to 1.00 GBP ("Exchange Rate"), resulting
in a gross local dividend amount of 34.79082 ZAR cents per share. The date on which the GBP payment
was converted to ZAR was 24 January 2025.

To facilitate settlement of the Second Quarterly Dividend to shareholders on the South African share
register, shares cannot be moved between the South African share register and the UK share register and
no such transfers of shares between the South African share register and the UK share register shall be
registered, between the date of this announcement and Friday, 31 January 2025 (Record Date), both days
inclusive.

As at 9 January 2025, the issued share capital of the Company consisted of 1,246,239,185 ordinary shares.

The Second Quarterly Dividend should be regarded as a 'foreign dividend' for South African income tax and
dividends tax purposes and the funds will be paid from the United Kingdom.

Accordingly, shareholders will be paid a cash dividend per share as follows:

     Dividend                                                             UK Shareholders         SA Shareholders
                                                                          (GBP pence)             (ZAR cents)
     Gross amount of PID dividend payable                                 1.530                   34.79082
     Less 20% UK withholding tax*                                         0.306                   6.95816
     Net PID dividend payable**                                           1.224                   27.83266
     Less effective 5% SA dividends tax for SA Shareholders who           N/A
     are SA tax residents***                                                                      1.73954

     Net PID dividend payable                                             1.224                   26.09312

*       Certain categories of UK Shareholders may apply for exemption, in which case the PID element will be paid gross
        of UK withholding tax.
**      Net position after deducting UK withholding tax for both UK and SA Shareholders, but before qualifying
        SA Shareholders who are SA tax residents have claimed back 5% from His Majesty's Revenue & Customs under
        the double tax agreement between the United Kingdom and South Africa in respect of the UK withholding tax.
***     SA dividends tax applies at the rate of 20% for qualifying SA Shareholders who are SA tax residents, but such SA
        Shareholders receive a rebate of the UK withholding taxes suffered (which is effectively 15%, after taking into
        account the 5% rebate referred to in **).

For the avoidance of doubt, SA dividends tax, and therefore the information provided in this announcement,
is only of direct application to SA Shareholders who are SA tax residents. The contents of this
announcement are not to be construed as legal or tax advice. SA Shareholders are advised to consult their
own legal, financial or tax adviser for tax advice and should direct any questions regarding the application
of the SA dividends tax to their CSDP, broker or the Company's Transfer Secretary at:

Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, South Africa
(Private Bag X9000, Saxonwold, 2132)
Telephone: +27 11 373 0033
Facsimile: +27 11 688 5218
Email enquiries: web.queries@computershare.co.za

For further information:

Atrato Capital Limited
Rob Abraham / Mike Perkins / Chris McMahon                                +44 (0)20 3790 8087?
                                                                          ir@atratocapital.com

The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE
Limited.


United Kingdom
27 January 2025

Sponsor: PSG Capital

Date: 27-01-2025 10:55:00
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