FRONTIER TRANSPORT HOLDINGS LIMITED - Declaration of a Special Dividend

Declaration of a Special Dividend

FRONTIER TRANSPORT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: FTH
ISIN: ZAE000300505
("Frontier" or the "Company")

DECLARATION OF A SPECIAL DIVIDEND

The board hereby declares a special dividend ("Special Dividend") of 137.38 cents per
ordinary share.

The distribution is subject to the approval by the Financial Surveillance Department of the
South African Reserve Bank. A further announcement will be released once Exchange
Control approval has been obtained.

The Special Dividend will be payable to shareholders in proportion to their ordinary
shareholding in Frontier at the close of business on the record date, which is expected to be
Friday, 9 February 2024. The Company will remain within its target solvency range following
the payment of the Special Dividend.

The indicative timetable is as follows:

Finalisation date                                                  Friday, 26 January 2024
Last day to trade                                                 Tuesday, 6 February 2024
Shares start trading ex-dividend                                Wednesday, 7 February 2024
Record date                                                        Friday, 9 February 2024
Payment date                                                      Monday, 12 February 2024

Share certificates may not be dematerialised or rematerialised between Wednesday, 7
February 2024, and Friday, 9 February 2024, both days inclusive.

In terms of legislation applicable to Dividends Tax ("DT") the following additional information
in disclosed:

- The special dividend constitutes a "dividend" as defined in the Income Tax Act, 58 of 1962.
- The special dividend is payable out of income reserves.
- The local DT rate is 20%.
- The number of ordinary shares in issue at the date of declaration is 291 180 254.
- The DT amounts to 27.476 cents per share for the special dividend for all shareholders
  who are not exempt from DT.
- The net local dividend amount is 109.90400 cents per share for the special dividend for all
  shareholders who are not exempt from DT.
- Frontier's Income Tax Reference Number is 9754/276/16/1.

In terms of the dividends tax legislation, the dividends tax amount due will be withheld and
paid over to the South African Revenue Service (SARS) by a nominee company,
stockbroker or Central Securities Depository Participant (CSDP) (Collectively Regulated
Intermediary) on behalf of shareholders.

Shareholders should seek their own advice on the tax consequences associated with the
Special Dividend and are encouraged to ensure their records are up to date so that the
correct withholding tax is applied to their Special Dividend.

Cape Town
12 January 2024

Sponsor
Investec Bank Limited

Date: 12-01-2024 01:10:00
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