Platinum Capital : Updated - Notice of dividend / distribution

Notification of dividend / distribution

Update Summary

Entity name

PLATINUM ASIA INVESTMENTS LIMITED

Security on which the Distribution will be paid

PAI - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Tuesday August 29, 2017

Reason for the Update

DRP price

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1. Name of +Entity

   PLATINUM ASIA INVESTMENTS LIMITED

   Registration Number

   13606647358

2. Registered Number Type

   ABN

3. ASX issuer code

   PAI

4. The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

DRP price

1. b Date of previous announcement(s) to this update

   Thursday August 24, 2017

2. Date of this announcement

   Tuesday August 29, 2017

3. ASX +Security Code

PAI

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of twelve months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Friday June 30, 2017

2A.4 +Record Date

Wednesday August 23, 2017

2A.5 Ex Date

Tuesday August 22, 2017

2A.6 Payment Date

Wednesday September 13, 2017

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.01000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

Yes

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

Part 2B - Currency Information

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

2B.2 Please provide a description of your currency arrangements

New Zealand shareholders can nominate a New Zealand account (prior to record date) for payment of New Zealand dollars and the dividend entitlement is converted at spot rate.

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

NZD - New Zealand Dollar NZD 1.08619000

2B.2b Please provide the exchange rates used for non-primary currency payments

Spot rate effective 23 August 2017 for payment on 13 September 2017.

2B.2c If payment currency equivalent and exchange rates not known, date for information to be released

Thursday August 24, 2017

Estimated or Actual?

Actual

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.01000000

3A.2 Is the ordinary dividend/distribution franked?

Yes

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

3A.2a Is the ordinary dividend/distribution fully franked?

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked 100.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.01000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

Part 4A - +Dividend reinvestment plan (DRP)

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Thursday August 24, 2017 17:00:00

4A.4 Period of calculation of reinvestment price

Start Date

Tuesday August 22, 2017

4A.5 DRP price calculation methodology

4A.3 DRP discount rate

2.5000 %

End Date

Monday August 28, 2017

Volume weighted average price of the PAI shares traded on the ASX over the five business days subsequent to the date on which the PAI shares cease to trade cum dividend less a two and a half percent discount.

4A.6 DRP Price (including any discount):

AUD 1.01800

4A.8 Will DRP +securities be a new issue?

Yes

4A.7 DRP +securities +issue date

Wednesday September 13, 2017

4A.8a Do DRP +securities rank pari passu from

+issue date?

Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes