Kingston Wharves Ltd. (KW) – Interim Dividend

On October 25, 1999 the directors resolved that an interim dividend be paid on December 7, 1999 to shareholders on record at the close of business on November 24, 1999. The payment is to be made as follows: (a) One cent (net) per stock unit out of franked income and (b) Nine cents per stock unit (less income tax) out of unfranked income.

The directors also agreed to recommend to the stockholders at an Extra ordinary General meeting to be held on November 29, 1999 an increase in the authorised share capital from $140 million to $160 million and the issue of one bonus share for every six stock units held.