NOTE 27

		2014 Rm	2013 Rm	2012 Rm
27.	DIVIDENDS
	Ordinary shares
	Final dividend No 170 paid on 20 January 2014: 195 cents per share (2013: No 168 – 150 cents per share; 2012: No 166 – 105 cents per share)	413	320	223
	Interim dividend No 171 paid on 17 June 2014: 106 cents per share (2013: No 169 – 96 cents per share; 2012: No 167 – 80 cents per share)	226	202	170
	Paid to Barloworld Limited shareholders	639	522	393
	Paid to non-controlling shareholders	92	86	50
		731	608	443

On 17 November 2014 the directors declared dividend No 172 of 214 cents (gross) per share subject to the applicable dividends tax levied in terms of the Income Tax Act (Act No 58 of 1962) (as amended) (the Income Tax Act).

In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the JSE Listings Requirements the following additional information is disclosed:

–	The dividend has been declared out of income reserves.
–	Local dividends tax rate is 15% (fifteen per centum).
–	There are no secondary tax on companies (STC) credits utilised.
–	Barloworld has 231 291 819 ordinary shares in issue.

In compliance with the requirements of Strate and the JSE Limited, the following dates are applicable:

Date declared	Monday	17 November 2014
Last day to trade cum dividend	Friday	16 January 2015
Shares trade ex dividend	Monday	19 January 2015
Record date	Friday	23 January 2015
Payment date	Monday	26 January 2015

Share certificates may not be dematerialised or rematerialised between Monday, 19 January 2015 and Friday, 23 January 2015, both days inclusive.

Analysis of dividends declared in respect of current year’s earnings:

Ordinary dividends per share

	2014 Cents	2013 Cents	2012 Cents
Interim dividend	106	96	80
Final dividend	214	195	150
	320	291	230

6% cumulative non-redeemable preference shares

Preference dividends totalling R22 500 were declared on each of the following dates:

–	14 April 2014 (paid on 19 May 2014)
–	25 October 2013 (paid on 4 November 2013)
–	8 April 2013 (paid on 6 May 2013)
–	9 October 2012 (paid on 5 November 2012)
–	17 April 2012 (paid on 30 April 2012)
–	11 November 2011 (paid on 21 November 2011).