2017 Interim dividend currency exchange rates 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 2017 INTERIM DIVIDEND CURRENCY EXCHANGE RATES South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announced on 16 February 2017 that 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 Australian cents, British pence and New Zealand cents is determined as the volume weighted average price achieved on foreign exchange trades executed over the period 3 March 2017 to 15 March 2017, and is detailed below: Currency Exchange rate Dividend per ordinary share in local currency Australian cents 0.755535 4.764833 British pence 1.217565 2.956721 New Zealand cents 0.692930 5.195330 On 3 March 2017, South32 announced to the Johannesburg Stock Exchange that 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 the volume weighted average price achieved on foreign exchange trades executed over the period 28 February 2017 to 3 March 2017: Currency Exchange rate Dividend per ordinary share in local currency South African cents 13.06550 47.03580 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 Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia ABN 84 093 732 597 Registered in Australia 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 15 March 2017 Date: 15/03/2017 09:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.