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SOUTH32 LIMITED - Currency conversion to rand

Release Date: 09/09/2019 10:26
Code(s): S32     PDF:  
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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

9 September 2019  

                                                  CURRENCY CONVERSION TO RAND

South32 Limited (ASX, LSE, JSE: S32) (South32) advised on 22 August 2019 that the Board resolved to pay
a final dividend of US 2.8 cents per share (fully franked) for the full year ended 30 June 2019, with a
payment date of 10 October 2019. 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 dividends per                Net dividends per
                Dividend                 Exchange rate                ordinary share in South          ordinary share in South
                                                                           African Cents                    African Cents

             Final dividend                  15.00183                        42.00512                           33.60410



The currency exchange rate is the volume weighted average price achieved on foreign exchange trades
executed over the period 2 September 2019 to 9 September 2019.

The exchange rates applicable to the South32 dividend being paid in other currencies will be determined
over the period 2 September 2019 to 19 September 2019. 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 11 September 2019 and 13 September 2019 (both dates
inclusive), nor will transfers to or from the South African branch register be permitted between 6 September
2019 and 13 September 2019 (both dates inclusive).

1. South African dividends tax of 8.40102 South African cents per ordinary share will be withheld from the
   amount of the gross final dividend of 42.00512 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 dividends tax has been withheld, the net dividend will be 33.60410 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 5,005,503,575 ordinary shares on issue at the dividend determination date of
   22 August 2019.

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

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

Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia                                                                                                   1
Shareholders on the South African branch register should direct any questions regarding the application of
the South African dividends 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).

About South32

South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium,
energy and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia,
Southern Africa and South America. We also have a high grade zinc, lead and silver development option in
North America and several partnerships with junior explorers with a focus on base metals. Our purpose is to
make a difference by developing natural resources, improving people’s lives now and for generations to
come, and to be trusted by our owners and partners to realise the potential of their resources.

Dividend timetable
Announce currency conversion into Rand                                           9 September 2019
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE)          10 September 2019
Ex-dividend date on the JSE                                                      11 September 2019
Ex-dividend date on the ASX and London Stock Exchange (LSE)                      12 September 2019
Record date (including currency election date for ASX)                           13 September 2019
Payment date                                                                     10 October 2019


Further Information

Investor Relations
Alex Volante                          Tom Gallop
T +61 8 9324 9029                     T +61 8 9324 9030
M +61 403 328 408                     M +61 439 353 948
E Alex.Volante@south32.net            E Tom.Gallop@south32.net

Media Relations
James Clothier                        Jenny White
T +61 8 9324 9697                     T +44 20 7798 1773
M +61 413 391 031                     M +44 7900 046 758
E James.Clothier@south32.net          E Jenny.White@south32.net


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




JSE Sponsor: UBS South Africa (Pty) Ltd
9 September 2019




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Date: 09/09/2019 10:26:00
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