Berkeley Group Holdings PLC

Notice of Dividend Amount • Aug 10, 2023

National Storage Mechanism | Additional information

RNS Number : 8600I

Berkeley Group Holdings (The) PLC

10 August 2023

10 August 2023

The Berkeley Group Holdings plc

(the "Company")

DIVIDEND DECLARATION

The Directors of the Company are pleased to announce that an interim dividend of 59.30 pence per share will be paid on 8 September 2023 to shareholders on the Company's register of members at close of business on 18 August 2023. The ex-dividend date is 17 August 2023.

The target return under the ongoing Shareholder Returns Programme for the twelve months to 30 September 2023 is £282,727,790 ('Qualifying Return').  On 24 March 2023, a dividend of £75,225,652 (69.44 pence per share) was paid to shareholders on the Company's register of members at close of business on 3 March 2023.  The table below sets out how the Qualifying Return is being satisfied: 

Qualifying Return	£282,727,790
Dividend paid on 24 March 2023 (69.44 pence per share)	£75,225,652
Shareholder return satisfied through share buy-backs	£144,433,244
Shareholder return to be satisfied as dividend to be paid 8 September 2023	£63,068,894
Number of shares eligible for dividend *	106,361,588
Dividend per share now being declared	59.30 pence

* Excluding shares held in Treasury and by the Employee Benefit Trust

The Directors also confirm that the Company is on track to complete the next annual shareholder return of £282,727,790 by 30 September 2024 through a combination of dividends and share buy-backs.  This amount will be increased appropriately in the event that any new shares are issued either from treasury or as newly listed shares. With 106,361,588 shares eligible for distributions, the annual shareholder return now represents £2.66 per share.  The Company has determined that, going forward, at least £0.66 of the annual return will be paid as dividend, leaving up to £2.00 per share to be utilised for share buy-backs.

Ann Dibben

Company Secretary

The Berkeley Group Holdings plc

Tel: 01932 868555

Tim Robertson

Novella Communications

Tel: 020 3151 7008

LEI:      2138009OQSSLVVHQAL78

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DIVPLMPTMTTMBJJ