2nd Aug 2007 12:09
EXCHANGE RATE FOR 2007 INTERIM DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER
Liberty International PLC confirms that the South African Rand exchange rate for the 2007 interim dividend of 16.5 pence per ordinary share to be paid on 4 September 2007, to shareholders registered on 17 August 2007, will be 14.45 ZAR to 1 GBP.
The dividend, the first to be paid by Liberty International as a Property Income Distribution ("PID") following the Company's conversion to a Real Estate Investment Trust, will be subject to deduction of a 22% withholding tax. On the basis of the exchange rate confirmed today, shareholders who hold their shares via the South African register will receive a dividend per ordinary share as follows:
Gross amount of dividend (GBP pence 16.50p) 238.4250 ZA centsLess withholding tax (GBP pence 3.63p) 52.4535 ZA centsNet dividend payable (GBP pence 12.87p) 185.9715 ZA cents
South African shareholders should note that Liberty International will account to UK HM Revenue & Customs in sterling for the tax withheld. Settlement of any claims for refund of the difference between the 22% withholding tax rate and the UK/South African double taxation treaty rate of 15% will also be calculated and settled in sterling. Such payments are the responsibility of the UK HM Revenue & Customs, not Liberty International.
More information regarding the above, including the steps required to claim refunds from UK HM Revenue & Customs, may be found in the Investors section of the Liberty International website (www.liberty-international.co.uk). Claim forms are also available on request from our South African registrars, Computershare Investor Services 2004 (Pty) Limited (telephone 011 370 5000).
2 August 2007
LIBERTY INTERNATIONAL PLCRelated Shares:
INTU.L