Steamships Trading : SST_Notification_of_Dividend_Distribution_2016_Final Dividend_payment_Non_PNG Shareholders

Notification of dividend / distribution

Announcement Summary

Entity name

STEAMSHIPS TRADING COMPANY LIMITED

Security on which the Distribution will be paid

SST - 50 TOEA ORDINARY FULLY PAID

Announcement Type

New announcement

Date of this announcement

Wednesday March 22, 2017

Distribution Amount

PGK 0.35000000

Ex Date

Thursday April 27, 2017

Record Date

Friday April 28, 2017

Payment Date

Friday June 9, 2017

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1. Name of +Entity

   STEAMSHIPS TRADING COMPANY LIMITED

   Registration Number

   055836952

2. Registered Number Type

   ARBN

3. ASX issuer code

   SST

4. The announcement is

   New announcement

5. Date of this announcement

   Wednesday March 22, 2017

6. ASX +Security Code

SST

ASX +Security Description

50 TOEA 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)

Saturday December 31, 2016

2A.4 +Record Date

Friday April 28, 2017

2A.5 Ex Date

Thursday April 27, 2017

2A.6 Payment Date

Friday June 9, 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")

PGK - Kina

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

PGK 0.35000000

2A.9a AUD equivalent to total dividend/distribution amount per +security

2A.9b If AUD equivalent not known, date for information to be released

Friday May 26, 2017

Estimated or Actual?

Estimated

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?

No

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

We do not have a securities plan for dividends/distributions on this security

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

No

2A.13 Withholding tax rate applicable to the dividend/distribution

17.000000

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

PGK 0.35000000

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

No

3A.3 Percentage of ordinary dividend/distribution that is franked 0.0000 %

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

PGK 0.00000000

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

PGK 0.35000000

Part 5 - Further information

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

PGK

3A.5 Percentage amount of dividend which is unfranked

100.0000 %

1. Please provide any further information applicable to this dividend/distribution

   Dividend distributions in Australian Dollars to non resident PNG shareholders on the 9th June 2017 is dependent on the company's ability to secure foreign exchange. Currently due to Bank of Papua New Guinea exchange controls there is a large back log of currency purchase orders.

2. Additional information for inclusion in the Announcement Summary