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SOUTH32 LIMITED - Currency conversion to rand

Release Date: 05/03/2021 10:50
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 ADR: SOUHY
ISIN: AU000000S320
south32.net

5 March 2021   

                                                  CURRENCY CONVERSION TO RAND

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUY) (South32) announced on 18 February 2021 that the
Board resolved to pay an interim dividend of US 1.4 cents per share (fully franked) for the half year ended
31 December 2020. The dividend payment date is 8 April 2021. 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 dividend per ordinary       Net dividend per ordinary
                Dividend                 Exchange rate               share in South African           share in South African
                                                                              Cents                            Cents

            Interim dividend                15.08189                        21.11465                           16.89172


The currency exchange rate is the volume weighted average price achieved on foreign exchange trades
executed over the period 1 March 2021 to 5 March 2021.

The exchange rate applicable to the South32 dividend being paid in other currencies will be determined over
the period 1 March 2021 to 18 March 2021. 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 10 March 2021 and 12 March 2021 (both dates inclusive), nor will
transfers to or from the South African branch register be permitted between 4 March 2021 and 12 March
2021 (both dates inclusive).

1. South African dividend tax of 4.22293 South African cents per ordinary share will be withheld from the
   amount of the gross interim dividend of 21.11465 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 dividend tax has been withheld, the net dividend will be 16.89172 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 4,780,759,751 ordinary shares on issue at the dividend determination date of
   18 February 2021.

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




Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia                                                                                                  1
6. For the avoidance of doubt, South African 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 South African dividend 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.

For further dividend information, contact Computershare on smart number 0861 100 950 or visit our website
(www.south32.net).

About South32

South32 is a globally diversified mining and metals company. 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 produce bauxite, alumina, aluminium,
energy and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia,
Southern Africa and South America. With a focus on growing our base metals exposure, we also have two
development options in North America and several partnerships with junior explorers around the world.

Dividend timetable
Announce currency conversion into Rand                                            5 March 2021
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE)           9 March 2021
Ex-dividend date on the JSE                                                       10 March 2021
Ex-dividend date on the ASX and London Stock Exchange (LSE)                       11 March 2021
Record date (including currency election date for ASX)                            12 March 2021
Payment date                                                                      8 April 2021


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 Alex.Volante@south32.net                  E Tom.Gallop@south32.net

Media Relations
Rebecca Keenan                              Jenny White
T +61 8 9324 9697                           T +44 20 7798 1773
M +61 402 087 055                           M +44 7900 046 758
E Rebecca.Keenan@south32.net                E Jenny.White@south32.net


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




                                                                  JSE Sponsor: UBS South Africa (Pty) Ltd
                                                                                          5 March 2021




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Date: 05-03-2021 10:50:00
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