GREENCOAT RENEWABLES PLC - Notice of dividend currency exchange rate (South African Rand)

Notice of dividend currency exchange rate (South African Rand)

GREENCOAT RENEWABLES PLC
(Incorporated in the Republic of Ireland)
Registration Number: 598470
LSE Share Code: GRP
Euronext Dublin Share Code: GRP
JSE Share Code: GCT
ISIN Code: IE00BF2NR112
LEI: 635400TVSIFFQOB8RB67
("GRP" or the "Company")


NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 29 July 2025, the Company announced its quarterly dividend for the period ended 30 June
2025 of 1.70250 euro cents per share.

The currency exchange rate applicable for the quarterly dividend payable in South African
cents to shareholders on the South African register is based on the exchange rate on
11 August 2025 and is set out below:

  Q2 Declared dividend                      Exchange rate         Gross dividend in South
                                                                  African ("SA") cents per
                                                                  share
  1.70250 euro cents per share              20.62000              35.10555

The gross dividend in South African cents per share of 35.10555 will be subject to Irish
Dividend Withholding Tax ("Irish DWT") at a rate of 25% (equalling 8.77639 SA cents per
share), which will be withheld from the gross dividend paid to SA shareholders. After the
deduction of Irish DWT, the net amount of the dividend will be 26.32916 SA cents per share.

Shareholders tax resident in South Africa can apply for a refund of the full amount of the Irish
DWT withheld from the Irish Revenue Commissioners. A refund of Irish DWT can be claimed
by shareholders tax resident in South Africa in accordance with the relevant process noted in
the announcement published on SENS on 29 July 2025.

The dividend may also be subject to SA Dividends Tax at the rate of 20% (equalling 7.02111
SA cents per share), unless a shareholder qualifies for an exemption ("SA DWT"). After the
deduction of Irish DWT and SA DWT, the net amount of the dividend will be 19.30805 SA cents
per share.

Any shareholder who receives a dividend which is subject to SA DWT (i.e where no exemption
is available) will qualify for a reduction in SA DWT in respect of Irish DWT, to the extent that
the Irish Revenue Commissioners does not allow the refund of the Irish DWT after application
for same.

The ultimate result, should Irish DWT be refunded, is that the dividend will be subject to SA
DWT at a rate of 20% (unless a shareholder qualifies for an exemption from SA DWT).

Summary table
                                                                   ZAR cents
 Gross dividend                                                    35.10555
 Less: 25% Irish DWT ¹                                             8.77639
 Net dividend after deduction of Irish DWT                         26.32916
 Less: 20% SA DWT ²                                                7.02111
 Net dividend                                                      19.30805

 Notes:
 1. Shareholders tax resident in South Africa can apply for a refund of Irish DWT withheld
    from the Irish Revenue Commissioners.
 2. Any shareholder who receives a dividend which is subject to SA DWT (i.e where no
    exemption is available) will qualify for a reduction in SA DWT in respect of the Irish
    DWT, to the extent that the Irish Revenue Commissioners does not allow the refund
    of the Irish DWT after application for same.

Shareholders should seek independent professional tax advice if they are uncertain about
their tax position.

                                             --- ENDS ---

Ireland
11 August 2025

JSE Sponsor
Valeo Capital (Pty) Ltd


For further information, please contact:

Schroders Greencoat LLP (Investment Manager)
Bertrand Gautier
Paul O'Donnell
John Musk                                                   +44 20 7832 9400

FTI Consulting (Investor Relations & Media)
Sam Moore                                                   +353 87 737 9089
Aoife Mullen                                                greencoat@fticonsulting.com

Date: 11-08-2025 11:10:00
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.