Dividends

The key Final Dividend 2023 dates are set out below:

The 2023 Final Dividend was declared in pounds sterling. For shareholders on the South African share register the funds will be converted into South African ZAR at the above exchange rate.

Shareholders who hold shares through the Johannesburg Stock Exchange will receive their dividend (treated as a dividend from a foreign source) in South African ZAR.

From the opening of trading on Wednesday 6 March 2024 until the close of business on Friday 19 April 2024, no transfers between the London and Johannesburg registers are permitted. Share certificates for shareholders on the South African register will not be dematerialised or rematerialised between Wednesday 17 April and Friday 19 April 2024, both dates inclusive.

Dividend tax will be withheld at the rate of 20% from the amount of the gross dividend of 89.02751 South African cents per share paid to South African shareholders unless a shareholder qualifies for an exemption. After the dividend tax is withheld, the net dividend will be 71.22201 South African cents per share. The Company had a total of 1,404,105,498 shares in issue as at Wednesday 6 March 2024.

If you are uncertain as to the tax treatment of any dividends, you should consult your own tax advisor.

Information about your dividends

Our policy

We target a dividend pay-out ratio of 50% to 70% of post-tax, post-interest adjusted profit.

We expect to pay an Interim and a Final dividend each financial year. It is expected that the Final and Interim dividends will be paid in the approximate proportions of one-third (Interim dividend) and two-thirds (Final dividend) of the total dividends payable in respect of a financial year, taking into account the underlying cash generation, cash resources, capital position, distributable reserves and market conditions at the time.

All key dividend dates such as ex-dividend date, record date and payment date will be published on our website as soon as they are announced.

You can find out more about our dividends under our Dividend FAQs:

• Shareholders on the UK register
• Shareholders on the South Africa register

Shareholders on the UK share register

Shareholders on the South African share register

*Due to the additional UK bank holiday on Monday 19 September 2022 for the State Funeral of Her Majesty Queen Elizabeth II, the Interim Dividend was paid to shareholders on the UK and South African registers on Tuesday 20 September 2022.