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SOUTH32 LIMITED - Currency conversion to Rand

Release Date: 03/03/2017 10:09
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
ISIN: AU000000S320
south32.net




                                             Currency conversion to Rand

South32 Limited (ASX, LSE, JSE: S32) (South32) advises that on 16 February 2017, the Board
resolved to pay an interim dividend of US 3.6 cents per share for the half year ended 31
December 2016. The dividend payment date is 6 April 2017. 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:


Currency                                                        Exchange rate                  Dividend per ordinary share
                                                                                                 in South African Cents



South African cents                                                 13.06550                             47.03580




The currency exchange rate is the volume weighted average price achieved on foreign exchange
trades executed over the period 28 February 2017 to 3 March 2017.

The exchange rates applicable to the South32 dividend being paid in other currencies will be
determined over the period 3 March 2017 to 15 March 2017. Details of the currency exchange
rates applicable for the dividend will be announced to the relevant stock exchanges. Further
dividend information is available on our website (www.south32.net).

South32 shareholders registered on the South African branch register will not be able to
dematerialise or rematerialise their shareholdings between 8 March 2017 and 10 March 2017
(both dates inclusive), nor will transfers to or from the South African branch register be permitted
between 3 March 2017 and 10 March 2017 (both dates inclusive).

1. South African dividends tax of 9.40716 South African cents per ordinary share will be withheld
   from the amount of the gross final dividend of 47.03580 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 37.62864
   South African cents per ordinary share.

3. The dividend is regarded as 'foreign' for the purposes of South African dividends tax.

4. South32 had a total of 5,323,762,901 ordinary shares on issue at the dividend determination
   date of 16 February 2017.


Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia
ABN 84 093 732 597 Registered in Australia
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.

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.

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

Diana Wearing Smith                   James Clothier
T +61 8 9324 9198                     T +61 8 9324 9697
M +61 436 482 290                     M +61 413 319 031
E Diana.Smith@south32.net             E James.Clothier@south32.net


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

JSE Sponsor: UBS South Africa (Pty) Ltd

3 March 2017

Date: 03/03/2017 10:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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