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TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

DECLARATION OF A SPECIAL CASH DIVIDEND

The board has declared a gross special cash dividend (number 108) of 730 cents per share out of distributable reserves, subject to obtaining the required regulatory approval from the South African Reserve Bank (“SARB”) to distribute such funds to its shareholders by way of a special cash dividend.

The salient dates pertaining to the dividend payment are as follows:

Share certificates may not be dematerialised or rematerialised between Wednesday, 19 February 2025 and Friday, 21 February 2025, both days inclusive.

Note that:

• Dividend withholding tax at the rate of 20% will be applicable to shareholders who are not exempt from this tax and who are not subject to a reduced rate in terms of any applicable agreement for the avoidance of double taxation between South Africa and such shareholders’ country of residence, which will result in a net dividend of 584 cents per share to these shareholders;
• Shareholders who are in doubt as to their tax status or position or any other matter, including, inter alia, any applicable exchange control requirement, should consult an appropriate independent professional advisor in their relevant jurisdiction without delay;
• Trencor’s tax reference number is 9676002711; and
• Trencor’s issued share capital at the declaration date is R867 673 (173 534 676 ordinary shares of 0,5 cent each).

Application has been made to the Financial Surveillance Department of SARB for approval of the special cash dividend. Once received, the finalisation information pertaining to the payment of the special cash dividend will be communicated to shareholders.

In determining the amount distributed to shareholders by way of this special dividend, the board has considered the importance and prudence of retaining an adequate buffer, to fund any potential unforeseeable future expenses.  As the winding up process evolves, this buffer may be reduced.

The board will make a further announcement on the process of winding up in due course.

On behalf of the board
Ric Sieni
Chief Executive Officer and Financial Director

28 January 2025

Sponsor: Investec Bank Limited