SOUTH32 LIMITED - Currency Conversion To Rand

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:SOUY
SIN: AU000000S320
south32.net




                                       CURRENCY CONVERSION TO RAND

South32 Limited (ASX, LSE, JSE: S32 ADR: SOUY) (South32) announced on 14 February 2019
that the Board resolved to pay an interim dividend of US 5.1 cents per share (fully franked) for
the half year ended 31 December 2018, and a special dividend of US 1.7 cents per share (fully
franked) (collectively referred to herein as the ‘dividends’). The dividends payment date is 4 April
2019. The US cent currency exchange rate applicable to the dividends 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

 Interim dividend                                                        70.87470                     56.69976
                                    13.89700
 Special dividend                                                        23.62490                     18.89992



The currency exchange rate is the volume weighted average price achieved on foreign exchange
trades executed over the period 25 February 2019 to 1 March 2019.

The exchange rates applicable to the South32 dividends being paid in other currencies will be
determined over the period 25 February 2019 to 14 March 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 6 March 2019 and
8 March 2019 (both dates inclusive), nor will transfers to or from the South African branch
register be permitted between 28 February 2019 and 8 March 2019 (both dates inclusive).

1. South African dividends tax of 18.89992 South African cents per ordinary share will be
   withheld from the amount of the gross final dividends of 94.49960 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 dividends will be 75.59968
   South African cents per ordinary share.

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



Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia
ABN 84 093 732 597 Registered in Australia
4. South32 had a total of 5,051,469,333 ordinary shares on issue at the dividend determination
   date of 14 February 2019.

5. The dividends 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.

Shareholders on the South African branch register should direct any questions regarding the
application of the South African dividends tax to Computershare Investor Services by calling
smart number 0861 100 950 or +27 (0) 861 100 933.

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

For further dividend information, contact Computershare (www.computershare.com/za) 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 are also the owner of a high
grade zinc, lead and silver development option in North America and have 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.




JSE Sponsor: UBS South Africa (Pty) Ltd
1 March 2019

Date: 01/03/2019 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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