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
 ISIN: AU000000S320
 south32.net




                                       CURRENCY CONVERSION TO RAND


South32 Limited (ASX, LSE, JSE: S32) (South32) advises that on 25 August 2016, the Board
resolved to pay an inaugural final dividend of US 1 cent per share in respect of 2016 financial
year.

The 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:

                                                                                               Dividend per ordinary share
Currency                                             Exchange rate
                                                                                               in South African cents

South African cents                                  14.32752                                  14.32752

Local currency equivalent of US 1 cent per share


The currency exchange rate is the volume weighted average price achieved on foreign exchange
trades executed on 9 and 12 September 2016.

The exchange rates applicable to the South32 dividend being paid in other currencies will be
determined over the period 19 to 23 September 2016, and will be announced to the market and
will appear on the company’s website.

South32 shareholders registered on the South African branch register will not be able to
dematerialise or rematerialise their shareholdings between 14 and 16 September 2016 (both
dates inclusive), nor will transfers to / from the South African branch register be permitted
between 12 and 16 September 2016 (both dates inclusive).

The dividend will be paid on 6 October 2016.

1. South African Dividend Tax of 2.14913 South African cents per ordinary share will be withheld
   from the amount of the gross final dividend of 14.32752 South African cents per ordinary
   share paid to shareholders on the South African branch register at the rate of 15%, unless a
   shareholder qualifies for an exemption.

2. After the South African Dividend Tax has been withheld, the net dividend will be 12.17839
   South African cents per ordinary share.

3. The dividend is 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 5,323,762,901 ordinary shares on issue at the dividend determination
   date of 25 August 2016.

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

6. For the avoidance of doubt, 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 Dividend Tax to Computershare Investor Services online at
www.computershare.com.au/Investor or by calling +27 (0) 11 373 0033.

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

About South32

South32 is a globally diversified mining and metals company with high quality operations in
Australia, Southern Africa and South America. 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 have a simple
strategy to maximise the potential of our assets and shareholder returns by optimising our
existing operations, unlocking their potential and identifying new opportunities to compete for
capital.


FURTHER INFORMATION


INVESTOR RELATIONS

Alex Volante                          Rob Ward
T +61 8 9324 9029                     T +61 8 9324 9340
M +61 403 328 408                     M +61 431 596 831
E Alex.Volante@south32.net            E Robert.Ward@south32.net

MEDIA RELATIONS

James Clothier
T +61 8 9324 9697
M +61 413 319 031
E James.Clothier@south32.net


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

JSE Sponsor: UBS South Africa (Pty) Ltd

12 September 2016

Date: 12/09/2016 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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