SOUTH32 LIMITED - Currency conversion to Rand

Release Date: 10/09/2018 10:24
Code(s): S32
Wrap Text
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 Limited (ASX, LSE, JSE: S32) (South32) advised on 23 August 2018, the Board resolved to pay a final
dividend of US 6.2 cents per share (fully franked) for the full year ended 30 June 2018. The dividend payment date is
11 October 2018. 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:

                                                                             Gross dividends per               Net dividends per
                       Dividend                 Exchange rate               ordinary share in South         ordinary share in South
                                                                                 African Cents                   African Cents

                    Final dividend                  15.21418                       94.32792                          75.46234

The currency exchange rate is the volume weighted average price achieved on foreign exchange trades executed
over the period 4 September 2018 to 10 September 2018.

The exchange rates applicable to the South32 dividend being paid in other currencies will be determined over the
period 4 September 2018 to 20 September 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 12 September 2018 and 14 September 2018 (both dates inclusive), nor will transfers to
or from the South African branch register be permitted between 7 September 2018 and 14 September 2018 (both
dates inclusive).

1. South African dividends tax of 18.86558 South African cents per ordinary share will be withheld from the amount of
   the gross final dividend of 94.32792 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 75.46234 South African cents per
   ordinary share.

3. Australia is the country of source of income, the dividend is regarded as 'foreign' for the purposes of South African
   dividends tax.

4. South32 had a total of 5,119,913,775 ordinary shares on issue at the dividend determination date of 23 August

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.

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 or by calling +27 (0)
86 110 0950.

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

For further dividend information, contact Computershare on smart number 0861 100 950 or visit our website

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 also have a high grade zinc, lead and silver development option in North America and 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                                                           10 September 2018
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE)                          11 September 2018
Ex-dividend date on the JSE                                                                      12 September 2018
Ex-dividend date on the ASX and London Stock Exchange (LSE)                                      13 September 2018
Record date (including currency election date for ASX)                                           14 September 2018
Payment date                                                                                     11 October 2018

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            E

Media Relations
James Clothier                        Jenny White
T +61 8 9324 9697                     T +44 20 7798 1773
M +61 413 391 031                     M +44 7900 046 758
E          E

Further information on South32 can be found at

JSE Sponsor: UBS South Africa (Pty) Ltd                                                                                            
10 September 2018


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