CHOPPIES ENTERPRISES LIMITED - Cash dividend finalisation and currency conversion announcement - dividend number 10

Cash dividend finalisation and currency conversion announcement - dividend number 10

CHOPPIES ENTERPRISES LIMITED
Registration number BW00001142508
ISIN: BW0000001072
BSE SHARE CODE: CHOP-EQO
JSE SHARE CODE: CHP
Tax Reference Number: C08710401018
('Choppies' or 'Company')


CASH DIVIDEND FINALISATION AND CURRENCY CONVERSION ANNOUNCEMENT – DIVIDEND
NUMBER 10


Shareholders are referred to the announcement released on the Botswana Stock Exchange ('BSE') and
Johannesburg Stock Exchange ('JSE') on 22 September 2025, wherein the Company confirmed that a gross
final dividend of 0.6 thebe per share, in respect of the twelve months ended 30 June 2025, had been declared
to shareholders appearing on the Company's JSE and BSE share registers on Friday, 24 October 2025
('Dividend').

In respect of shareholders registered on the BSE:

The Dividend net of Botswana withholding taxes of 10% shall be .54 thebe per share.

                                                                                                       2025
    Declaration date                                                                   Monday, 22 September
    Last day to trade cum Dividend                                                      Tuesday, 21 October
    Trading ex-Dividend commences                                                     Wednesday, 22 October
    Record date                                                                          Friday, 24 October
    Dividend payment date                                                            Wednesday, 05 November

In respect of shareholders registered on the JSE:

The Dividend shall be paid in Rand to shareholders on the South African register, calculated at the Botswana
Pula ('BWP') to South African Rand ('ZAR') exchange rate of BWP 1 / ZAR 1.20150 as at Tuesday, 7
October 2025, and accordingly the gross Dividend payable to such shareholders is 0.72090 cents per share,
less withholding taxes (see below). The Dividend has been declared from income reserves and is a foreign
dividend in respect of South African resident shareholders.

                                                                                                       2025
    Declaration date                                                                   Monday, 22 September
    Currency determination date                                                          Tuesday,07 October
    Currency conversion rates announced                                               Wednesday, 08 October
    Last day to trade cum Dividend                                                      Tuesday, 21 October
    Trading ex-Dividend commences                                                     Wednesday, 22 October
    Record date                                                                          Friday, 24 October
    Dividend payment date                                                            Wednesday, 05 November

The following information is provided to shareholders in respect of dividend tax:

-   Shareholders are advised that Botswana dividend withholding tax of 10% on the declared dividend will
    be applicable to all shareholders.
-   Dividends payable to non-exempt shareholders registered on the JSE are subject to 20% withholding tax
    in accordance with the South African Income Tax Act, unless varied in accordance with any relevant
    Double Tax Agreement. The applicable South African withholding tax is reduced by the amount of the
    Botswana dividend withholding tax deducted, resulting in a maximum withholding tax rate on dividends
    of 20%, being a net amount of 0.57672 cents per share.
-   Withholding taxes on dividends payable to Botswana residents, non-exempt shareholders registered on
    the JSE, are restricted to 15% in accordance with the Botswana/South Africa Double Tax Agreement,
    resulting in a net amount of 0.61277 cents per share.
-   Shareholders must acknowledge that neither the Company nor its advisors provide any specific tax advice
    in connection with this notice. The Company makes no representations concerning the tax consequences
    of this notice. Shareholders must consult with their tax advisors concerning the tax consequences of this
    notice.

The Company has a primary listing on the BSE and a secondary listing on the JSE.

08 October 2025

BSE Sponsoring Broker                                              JSE Sponsor
Motswedi Securities (Pty) Ltd                                      PSG Capital

Date: 08-10-2025 10:00:00
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