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SOUTH32 LIMITED - Currency Conversion to Rand

Release Date: 28/02/2025 10:05
Code(s): S32     PDF:  
Wrap Text
Currency Conversion to Rand

South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32; ADR: SOUHY
ISIN: AU000000S320
south32.net


                                                     CURRENCY CONVERSION TO RAND

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUY) (South32) announced on 13 February 2025 that the Board resolved to pay an
interim dividend of US 3.4 cents per share (fully franked) for the half year ended 31 December 2024. The dividend payment date is 3
April 2025. The US cent currency exchange rate applicable to the dividend payable in South African cents, to shareholders on the
South African branch register on the Record Date, is:


                                                                      Gross dividend per ordinary     Net dividend per ordinary
                 Dividend                 Exchange rate
                                                                      share in South African Cents   share in South African Cents

             Interim dividend                18.41483                          62.61042                       50.08834


The currency exchange rate is the average exchange rate realised on foreign exchange trades during the period 24 February 2025 to
28 February 2025.

The exchange rate applicable to the South32 dividend being paid in other currencies will be determined during the period 24 February
2025 to 12 March 2025. Details of the currency exchange rates applicable for the dividend will be announced to the relevant stock
exchanges.

South32 shareholders registered on the South African branch register will not be able to dematerialise or rematerialise their
shareholdings between 5 March 2025 and 7 March 2025 (both dates inclusive), nor will transfers to or from the South African branch
register be permitted between 27 February 2025 and 7 March 2025 (both dates inclusive).

1. South African dividend tax of 12.52208 South African cents per ordinary share will be withheld from the amount of the gross
   interim dividend of 62.61042 South African cents per ordinary share paid to shareholders on the South African branch register at
   the rate of 20% unless a shareholder qualifies for an exemption.

2. After the South African dividend tax has been withheld, the net dividend will be 50.08834 South African cents per ordinary share.

3. Australia is the country of source of income, the dividend is regarded as 'foreign' for the purposes of South African dividends tax.

4. South32 had a total of 4,517,415,782 ordinary shares on issue at the dividend determination date of 13 February 2025.

5. The dividend will be paid out of retained earnings.

6. For the avoidance of doubt, South African dividend tax, and therefore the information provided in this announcement, is of only
   direct application to shareholders on the South African branch register.

Shareholders on the South African branch register should direct any questions regarding the application of the South African dividend
tax to Computershare Investor Services online at www.computershare.com/za or by calling +27 (0) 86 110 0950.

Holders of shares dematerialised into STRATE should contact their Central Security Depository Participant (CSDP) or stockbroker.

For further dividend information, contact Computershare on smart number 0861 100 950 or visit our website (www.south32.net).


Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia                                                                                           1
Dividend timetable
Announce currency conversion into South African rand                                         28 February 2025
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE)                      4 March 2025
Ex-dividend date on the JSE                                                                  5 March 2025
Ex-dividend date on the ASX and London Stock Exchange (LSE)                                  6 March 2025
Record date (including currency election date for ASX)                                       7 March 2025
Payment date                                                                                 3 April 2025



About us

Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations to
come. We are trusted by our owners and partners to realise the potential of their resources. We produce minerals and
metals critical to the world's energy transition from operations across the Americas, Australia and Southern Africa and we
are discovering and responsibly developing our next generation of mines. We aspire to leave a positive legacy and build
meaningful relationships with our partners and communities to create brighter futures together.
  Investor Relations                                      Media Relations
  Ben Baker                                               Jamie Macdonald
  T    +61 8 9324 9363                                    T     +61 8 9324 9000
  M    +61 403 763 086                                    M     +61 408 925 140
  E    Ben.Baker@south32.net                              E     Jamie.Macdonald@south32.net

Further information on South32 can be found at www.south32.net.

JSE Sponsor: The Standard Bank of South Africa Limited
28 February 2025




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Date: 28-02-2025 10:05:00
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