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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
28 February 2020
CURRENCY CONVERSION TO RAND
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUY) (South32) announced on 13 February 2020 that the
Board resolved to pay an interim dividend of US 1.1 cents per share (fully franked) for the full year ended
31 December 2019, and a special dividend of US 1.1 cents per share (fully franked) (collectively referred to
herein as the ‘dividends’). The dividends payment date is 2 April 2020. 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 16.75672 13.40538
15.23338
Special dividend 16.75672 13.40538
The currency exchange rate is the volume weighted average price achieved on foreign exchange trades
executed over the period 24 February 2020 to 28 February 2020.
The exchange rates applicable to the South32 dividends being paid in other currencies will be determined
over the period 24 February 2020 to 12 March 2020. Details of the currency exchange rates applicable for
the dividends 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 4 March 2020 and 6 March 2020 (both dates inclusive), nor will
transfers to or from the South African branch register be permitted between 27 February 2020 and
6 March 2020 (both dates inclusive).
1. South African dividends tax of 6.70269 South African cents per ordinary share will be withheld from the
amount of the gross final dividends of 33.51344 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 26.81075 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.
4. South32 had a total of 4,899,731,136 ordinary shares on issue at the dividends determination date of
13 February 2020.
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.
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 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.
Dividend timetable
Announce currency conversion into Rand 28 February 2020
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE) 3 March 2020
Ex-dividend date on the JSE 4 March 2020
Ex-dividend date on the ASX and London Stock Exchange (LSE) 5 March 2020
Record date (including currency election date for ASX) 6 March 2020
Payment date 2 April 2020
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
Rebecca Keenan Jenny White
T +61 8 9324 9697 T +44 20 7798 1773
M +61 402 087 055 M +44 7900 046 758
E Rebecca.Keenan@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
28 February 2020
2
Date: 28-02-2020 10:25:00
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