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
ISIN: AU000000S320
south32.net


CURRENCY CONVERSION TO RAND

South32 Limited (ASX, LSE, JSE: S32 ADR: SOUY) (South32) announced on 15 February 2018
that the Board resolved to pay an interim dividend of US 4.3 cents per share (fully franked) for the
half year ended 31 December 2017, and a special dividend of US 3.0 cents per share
(franked to 81%) (collectively referred to herein as the ‘dividends’). The dividends payment date is
5 April 2018. 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                                                        50.14557                           40.11646
                                    11.66176
 Special dividend                                                        34.98528                           27.98822



The currency exchange rate is the volume weighted average price achieved on foreign exchange
trades executed over the period 26 February 2018 to 1 March 2018.

The exchange rates applicable to the South32 dividends being paid in other currencies will be
determined over the period 26 February 2018 to 14 March 2018. 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 7 March 2018 and
9 March 2018 (both dates inclusive), nor will transfers to or from the South African branch register
be permitted between 1 March 2018 and 9 March 2018 (both dates inclusive).

1. South African dividends tax of 17.02617 South African cents per ordinary share will be withheld
   from the amount of the gross final dividends of 85.13085 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 68.10468
   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 5,180,751,231 ordinary shares on issue at the dividend determination
   date of 15 February 2018.

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 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.

JSE Sponsor: UBS South Africa (Pty) Ltd
2 March 2018

Date: 02/03/2018 02:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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