Indequity Group Limited announced for the year ending 30 September 2018, a capital reduction of 14.00 cents per ordinary share against dividends of 13.50 cents per share paid a year ago and 2.46 cents per A class preference share against dividends of 2.38 cents per share paid a year ago, has been declared to all ordinary shareholders and A class preference shareholders recorded in the books of Indequity at the close of business on 14 December 2018. Given the abovementioned capital reduction declaration, the Group has a dividend cover of 2.23 times against 2.15 times a year ago. This payment is being paid out of contributed tax capital.

CTC is defined as stated capital before 01 January 2011 less any deemed dividend before that date plus the consideration for new share issues subsequent to 01 January 2011 less any distribution from contributed tax capital after 1 January 2011. The capital reduction payment date is on 18 December 2018.