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CSO
CSO
CSO - Capital Shopping Centres Group PLC - Exchange rate for 2010 final
dividend payable to shareholders on the South African register
CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: CSO
Issuer Code: CSCSCG
CAPITAL SHOPPING CENTRES GROUP PLC
EXCHANGE RATE FOR 2010 FINAL DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH
AFRICAN REGISTER
Capital Shopping Centres Group PLC ("CSC") confirms that the South African
Rand exchange rate for the 2010 final dividend of 10 pence per ordinary share
to be paid on 21 June 2011, to shareholders registered on 3 June 2011, will be
11.193 ZAR to 1 GBP. CSC is a Real Estate Investment Trust and will pay the
final dividend partly as a Property Income Distribution ("PID") with a gross
value of 5.0 pence per share, which will be subject to deduction of a 20%
withholding tax, and partly as a non-PID with a value of 5.0 pence per share.
Accordingly shareholders who hold their shares via the South African register
will receive a dividend per ordinary share as follows:
Gross amount of dividend 111.93 ZA cents (GBP pence 10.0p)
Payable as:
PID element 55.965 ZA cents (GBP pence 5.0p)
Less 20% withholding tax 11.193 ZA cents (GBP pence 1.0p)
Net PID dividend payable 44.772 ZA cents (GBP pence 4.0p)
Non-PID element 55.965 ZA cents (GBP pence 5.0p)
Total net dividend payable 100.737 ZA cents (GBP pence 9.0p)
South African shareholders may apply, after payment of the dividend, to the UK
tax authority for a refund of the difference between the 20% withholding tax
and the UK/South African double taxation treaty rate of 15%. CSC will account
to UK HM Revenue & Customs in sterling for the tax withheld. Settlement of any
claims for refund will also be calculated and settled in sterling.
The information given above will assist with applications for refunds. For
information on PIDs and refund claims, including claim forms and guidance on
how to complete them, visit www.capital-shopping-
centres.co.uk/investors/shareholder_info/reit
20 May 2011
Sponsor:
Merrill Lynch SA (Pty) Limited
Date: 20/05/2011 11:00:01 Produced by the JSE SENS Department.
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