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Finalisation of Distributions to Shareholders

Published: 2023-10-24 12:00:25 ET
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                                        Prosus N.V.
                             (Incorporated in the Netherlands)
                     (Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
                    AEX and JSE Share Code: PRX ISIN: NL0013654783
                                           (Prosus)

               FINALISATION OF DISTRIBUTIONS TO SHAREHOLDERS

Further to the announcement on 17 October 2023, holders of ordinary shares N are entitled
to a gross payment, in the form of a capital repayment, of 7 euro cents per share, holders of
ordinary shares A1 will receive a dividend distribution of 0.82040 euro cents per share and
holders of ordinary shares B will receive a dividend distribution of 0.000007 euro cents per
share for the year ended 31 March 2023.

Holders of ordinary shares N as at Friday, 3 November 2023 (the “dividend record date”)
who do not wish to receive a capital repayment can elect to receive a dividend instead. A
choice for one option implies an opt-out of the other option. Elections to receive a dividend
instead of a capital repayment will need to be made by holders of ordinary shares N by
Monday, 20 November 2023. Capital repayments and dividends will be payable to
shareholders recorded in the books on the dividend record date and paid on or after Tuesday,
28 November 2023.

Dividends and capital repayments are declared and paid in euros. For those holders holding
their ordinary shares N in South Africa via Strate will receive a gross distribution of 141.4280
Rand cents per ordinary share N. South Africa holders of ordinary shares A1 will receive a
gross dividend of 16.57542 Rand cents per ordinary share A1. Holders of ordinary shares B
will receive a dividend distribution of 0.00014 Rand cents per ordinary B share. This is based
on an EUR/ZAR exchange rate of R20.2040 as at 23 August 2023.

Shareholders electing to receive a dividend will receive a dividend declared from retained
earnings. Dividends will be subject to the Dutch dividend withholding tax rate of 15% yielding,
to those shareholders not entitled to an exemption or relief from Dutch dividend tax, a net
dividend of 5.95 euro cents per share for N shares held via Euronext and 120.2138 Rand
cents per ordinary N share held via Strate on the South African register and traded on the
JSE and 14.08911 Rand cents per ordinary share A1 to those shareholders not entitled to an
exemption or relief from Dutch dividend tax.

In addition to the Dutch dividend withholding tax at a rate of up to 15%, dividends paid in
respect of ordinary N shares on the South African register and traded on the JSE will also be
subject to South African dividend tax at a rate of up to 20% in relation to shareholders not
entitled to an exemption from South African dividend tax. The amount of additional South
African dividend tax payable may be subject to a rebate for Dutch dividend withholding tax
paid in respect of such dividend without any right of recovery by any person, so that the
aggregate dividend tax would in those cases add up to a maximum of 20%.

As a general position for South African tax resident shareholders holding their shares on the
JSE that are not exempt from South African Dividend tax, if they positively elect to receive a
dividend, the consequences will be as follows:
 Holders of ordinary shares N on the JSE                                    ZAR cents

 Gross amount of the Dividend                                               141.42800

 Less: 15% Dutch Withholding Tax                                            21.21420

 Net Dividend after the deduction of the                                    120.21380
 Dutch Withholding Tax

 Less: 10% SA Dividends Tax                                                 14.14280

 Net amount of the Dividend                                                 106.07100

*Non-South African shareholders may be subject to a South African withholding tax (in
addition to the 15% Dutch withholding tax) of 20%.

Shareholders are advised that the matters contemplated in this announcement may have
different consequences for each shareholder depending on the jurisdiction in which they reside
and their other unique circumstances. Shareholders are accordingly advised to seek their own
professional advice (including tax advice) in relation to matters contained in this
announcement.

Prosus does not accept responsibility and will not be held liable for any act of or omission by
any CSDP or broker, including, without limitation, any failure on the part of the CSDP or
broker or any registered shareholder to notify the holder of any beneficial interest in respect
of the distribution or any other matter set out in this announcement.

Holders of Prosus American Depositary Receipts which trade on an over-the-counter basis in
the United States will receive a dividend.

Amsterdam, the Netherlands
24 October 2023

JSE sponsor to Prosus
Investec Bank Limited


Enquiries

Investor Enquiries                                                          +1 347-210-4305

Eoin Ryan, Head of Investor Relations

Media Enquiries                                                             +31 6 15494359

Charlie Pemberton, Communications Director


About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets
with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology
sectors in markets including India and Brazil. Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social
commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to improve people’s everyday
lives.
Every day, billions of customers use the products and services of companies that Prosus has invested in, acquired or built, including 99minutos,
Airmeet, Aruna, AutoTrader, Autovit.ro, Azos, BandLab, Bibit, Bilt, Biome Makers, Borneo, Brainly, BUX, BYJU'S, Bykea, Captain Fresh,
Codecademy, Collective Benefits, Creditas, DappRadar, DeHaat, Detect Technologies, dott, EduMe, ElasticRun, eMAG, Endowus, Eruditus, EVERY,
Facily, Fashinza, Flink, Foodics, Good Glamm Group, GoodHabitz, GoStudent, Honor, iFood, Imovirtual, Klar, Kovi, LazyPay, letgo, Mensa Brands,
Meesho, merXu, Movile, Oda, OLX, Otodom, OTOMOTO, Oxford Ionics, PaySense, PayU, Pharmeasy, Platzi, Property24, Quick Ride, Red Dot
Payment, Republic, Sharebite, Shipper, ShopUp, SoloLearn, Stack Overflow, Standvirtual, Superside, Swiggy, Thndr, Tonik, Ula, Urban Company,
Virgio, Vegrow, watchTowr, and Wayflyer.

Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where we have an
interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, and SimilarWeb.

Today, Prosus companies and associates help improve the lives of more than two billion people around the world.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X
Markets (PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com.

Disclaimer

The Repurchase Programme is being conducted in accordance with Articles 5(1) and 5(3) of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse (“Market Abuse Regulation”) and Articles 2 to 4 of Commission Delegated
Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation with regard to regulatory technical standards for the conditions
applicable to buy-back programmes and stabilisation measures (the “Delegated Regulation”). This document is issued in connection with the
disclosure and reporting obligation set out in Article 2(1) of the Delegated Regulation.

This document contains information that qualifies as inside information within the meaning of Article 7(1) of the Market Abuse Regulation.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

The information contained in this announcement may contain forward-looking statements, estimates and projections. Forward-looking
statements involve all matters that are not historical and may be identified by the words “anticipate”, ”believe”, ”estimate”, ”expect”, ”intend”,
”may”, ”should”, ”will”, ”would” and similar expressions or their negatives, but the absence of these words does not necessarily mean that a
statement is not forward-looking. These statements reflect Prosus’s intentions, beliefs or current expectations, involve elements of subjective
judgement and analysis and are based upon the best judgement of Prosus as of the date of this announcement, but could prove to be wrong.
These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and
uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results.

Any forward-looking statements are made only as of the date of this announcement and neither Prosus nor any other person gives any
undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the
date of this announcement or to update or keep current any of the information contained herein, any changes in assumptions or changes in
factors affecting these statements and this announcement is not a representation by Prosus or any other person that they will do so, except to
the extent required by law.