BYIT Bytes Technology Group Plc

15 July 2024

Bytes Technology Group plc

('the Company')

Notice of dividend currency exchange rate

Shareholders on the South African register of the Company are referred to the announcement released on 23 May 2024 with regard to the financial results for the full year ended 29 February 2024 and proposal by the Board of a gross final and special dividend from retained earnings of 6.0 pence per share and 8.7 pence per share, respectively.

As approved by shareholders at the Company's Annual General Meeting on Thursday, 11 July 2024, the final and special dividends will be payable on Friday, 2 August 2024 to all ordinary shareholders who are registered as such at the close of business on the record date, Friday, 19 July 2024. 

Shareholders on the South African register will be paid the ZAR cash equivalent as follows:

-    Final dividend of 140.59422 cents per share (112.47538 cents per share net of dividend withholding tax).

-    Special dividend of 203.86162 cents per share (163.08930 cents per share net of dividend withholding tax).

Dividend withholding tax of 20% will be applicable to all shareholders on the South African register who are not exempt therefrom. The ZAR cash equivalent has been calculated using the following exchange rate: GBP1: ZAR23.43237 being the GBP/ZAR exchange rate on Monday, 15 July 2024 at 09:00 (BST).

Enquiries

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.