Dividend declaration

In line with the Group dividend policy, the directors have declared a final gross cash dividend of 264 cents (211,2000 cents net of dividend withholding taxation, where applicable) per ordinary share for the year ended 30 June 2017 to those members registered on the record date, being Friday, 22 September 2017. This brings the total dividend for the year to 491 cents per share (2016: 714 cents). The total dividend is not comparable to the prior year total dividend which was declared as part of the larger Bidvest Group, prior to the unbundling of the foodservice businesses.

The dividend has been declared from income reserves. A dividend withholding taxation of 20% will be applicable to all shareholders who are not exempt.

Share code: BVT
ISIN: ZAE000117321
Company registration number: 1946/021180/06
Company tax reference number: 9550162714
Gross cash dividend amount per share: 264 cents
Net dividend amount per share: 211,2000 cents
Issued shares at declaration date: 335 404 212
Declaration date: Monday, 28 August 2017
Last day to trade cum dividend: Tuesday, 19 September 2017
First day to trade ex-dividend: Wednesday, 20 September 2017
Record date: Friday, 22 September 2017
Payment date: Tuesday, 26 September 2017

Share certificates may not be dematerialised or rematerialised between Wednesday, 20 September 2017, and Friday, 22 September 2017, both days inclusive.

For and on behalf of the board

CA Brighten
Company secretary

Johannesburg

28 August 2017