HWN                                                                             
HWN - Howden - Declaration of a final and a special dividend                    
Howden Africa Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/002982/06)                                            
Share code: HWN     ISIN: ZAE000010583                                          
("HAHL")                                                                        
DECLARATION OF A FINAL AND A SPECIAL DIVIDEND                                   
Notice is hereby given that the directors have declared:                        
1    A gross final dividend for the year ending December 2011 of 29 cents per   
    share; and                                                                  
2    A gross special dividend of 146 cents per share.                           
The following dates are applicable:                                             
Last day to trade                          Friday, 29 June 2012                 
Shares commence trading "ex" dividend      Monday, 2 July 2012                  
Record date                                Friday, 6 July 2012                  
Payment date                               Monday, 9 July 2012                  
Share certificates may not be dematerialised or rematerialised between Monday, 2
July 2012 and Friday, 6 July 2012, both days inclusive.                         
In terms of the new Dividend Tax effective 1 April 2012, the following          
additional information is disclosed:                                            
a)   local dividend tax rate is 15%;                                            
b)   No STC credits available for utilisation;                                  
c)   In respect of the final dividend the net local dividend amount is:         
    i    24.65 cents per share for shareholders liable to pay the new Dividends 
         Tax                                                                    
    ii   29 cents per share for shareholders exempt from paying the new         
         Dividends Tax;                                                         
d)   In respect of the special dividend the net local dividend amount is        
    i    124.1 cents per share for shareholders liable to pay the new Dividends 
         Tax                                                                    
    ii   146 cents per share for shareholders exempt from paying the new        
         Dividends Tax;                                                         
e)   The payment will be rounded to two decimal places;                         
f)   The issued share capital of Howden is 65 729 109 ordinary shares; and      
g)   The Howden tax reference number is 9624/001/71/6                           
Johannesburg                                                                    
30 May 2012                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 30/05/2012 12:00:04 Produced by the JSE SENS Department.                  
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