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12 DIVIDENDS

Ordinary Shares
During the year ended 30 June 2020, the Directors proposed that a dividend of MUR 3.80 (2019: MUR 1.65, 2018: MUR 1.50 ) per share be paid to the holders of Ordinary
shares with respect to the year ended 30 June 2019. The Board of Directors approved the dividend on 19 September 2019 and it was paid in November 2019. Total
dividend paid is MUR 429M (2019: MUR 186M; 2018: MUR 160M).

Class A Shares
During the year ended 30 June 2020, the Directors proposed that an interim dividend of MUR 19.26 per share be paid to the holders of Class A shares Series 1 and MUR
4.40 per share to be paid to the holders of Class A shares series 2. The Board of directors approved the dividends on 6 February 2020 and these were paid in March
2020. The total amount paid were MUR 73m.

In relation to the year ended 30 June 2019, the Board proposed a final dividend of MUR 19.26 per share to the holders of Class A shares Series 1 and MUR 4.39 per share
to be paid to the holders of Class A shares Series 2. The Board of directors approved the dividends on 19 September 2019 and these were paid in November 2019. The
total amount paid were MUR 74m.

The dividend paid in 2019 and 2018 were MUR 38.15 and MUR 33.27 per share to the holders of Class A shares Series 1 and MUR 8.85 and MUR 9.18 per share to the holders of Class A shares series 2 and amounted to MUR 147m and MUR 140m respectively.

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