The directors of Bowler Metcalf announced a special cash dividend of 84 cents per share being declared from historical profits. The directors of Bowler Metcalf will continue to assess the best application of its remaining cash on hand in order to further enhance shareholder value. The dividend is payable to shareholders on 10 January 2022. Approval of the Special Dividend by the South African Reserve Bank for foreign shareholders has been obtained. The last day to trade will be Tuesday, 4 January 2022. "Ex" dividend trading begins on 5 January 2022 and the record date will be 7 January 2022. Share certificates may not be dematerialised or re-materialised between 5 January 2022 and 7 January 2022, both days inclusive. Directors confirm that the solvency and liquidity test is satisfied at the date of this announcement. This dividend will be made from income reserves. The gross dividend is 84 cents per share. Dividend Withholding Tax (DWT) is 20%. The net local cash dividend to shareholders liable for DWT will therefore be 67.20 cents per share.