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 30 October 2025, the Company announced its quarterly dividend for the period ended 30
September 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 17
November 2025 and is set out below:

 Q3 Declared dividend               Exchange rate                Gross dividend in South
                                                                 African ("SA") cents per
                                                                 share
 1.70250 euro cents per share       19.71000                     33.55628

The gross dividend in South African cents per share of 33.55628 will be subject to Irish
Dividend Withholding Tax ("Irish DWT") at a rate of 25% (equalling 8.38907 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 25.16721 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 30 October 2025.

The dividend may also be subject to SA Dividends Tax at the rate of 20% (equalling 6.71126
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 18.45595 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                                                  33.55628
 Less: 25% Irish DWT ¹                                           8.38907
 Net dividend after deduction of Irish DWT                       25.16721
 Less: 20% SA DWT ²                                              6.71126
 Net dividend                                                    18.45595

 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
17 November 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)
Melanie Farrell                                           +353 86 401 5250
Aoife Mullen                                              greencoat@fticonsulting.com

Date: 17-11-2025 01:00:00
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