The board of directors of KayDav Group Limited resolved to make a capital reduction in lieu of a dividend out of share premium (a reduction of Contributed
Tax Capital as defined in the Income Tax Act, No. 58 of 1962) of 5.5 cents per share (the 'cash distribution'). Shares trade 'ex' the cash distribution is May 16, 2016, record date for the cash distribution is May 20, 2016 and cash distribution paid to shareholders is May 23, 2016.