Sydney Airport : Update - Dividend/Distribution - SYD

Notification of dividend / distribution

Update Summary

Entity name

SYDNEY AIRPORT

Security on which the Distribution will be paid

SYD - FULLY PAID ORDINARY/UNITS STAPLED SECURITIES

Announcement Type

Update to previous announcement

Date of this announcement

Monday January 20, 2020

Reason for the Update

DRP Price Update

Refer to below for full details of the announcement

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Notification of dividend / distribution

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

SYDNEY AIRPORT

1.2	Registered Number Type	Registration Number
ABN	85075295760
1.3	ASX issuer code
SYD

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

DRP Price Update

1.4b Date of previous announcement(s) to this update

Friday December 13, 2019

1.5 Date of this announcement

Monday January 20, 2020

1.6 ASX +Security Code

SYD

ASX +Security Description

FULLY PAID ORDINARY/UNITS STAPLED SECURITIES

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Tuesday December 31, 2019

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2A.4 +Record Date

Tuesday December 31, 2019

2A.5 Ex Date

Monday December 30, 2019

2A.6 Payment Date

Friday February 14, 2020

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

$ 0.19500000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? Yes

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

Yes

Estimated or Actual?

Actual

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

Part 2B - Currency Information

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

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2B.2 Please provide a description of your currency arrangements

NZD for residents of New Zealand only

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

Currency	Payment currency equivalent amount per security
NZD - New Zealand Dollar	$

2B.2b Please provide the exchange rates used for non-primary currency payments

Prevailing exchange rate on payment date

2B.2c If payment currency equivalent and exchange	Estimated or Actual?
rates not known, date for information to be released	Actual
Friday February 14, 2020

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1b Ordinary Dividend/distribution amount per security

$ 0.19500000

3A.2 Is the ordinary dividend/distribution franked?

3A.3 Percentage of ordinary dividend/distribution that is franked

0.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

$ 0.00000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

$ 0.19500000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

$ 0.00000000

3A.1a Ordinary dividend/distribution estimated amount per +security

$

3A.5 Percentage amount of dividend which is unfranked

100.0000 %

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Part 3E - Other - distribution components / tax

3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).

https://www.sydneyairport.com.au/investor/investors-centre/investor-distribution-and-tax-information

Part 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of election notices to share registry under DRP

Thursday January 2, 2020 17:00:00

4A.4 Period of calculation of reinvestment price

Start Date

4A.3 DRP discount rate

0.0000 %

End Date

Monday January 6, 2020

Friday January 17, 2020

4A.5 DRP price calculation methodology

Volume weighted average price (VWAP) calculation for 10 day trading day period from 6 January 2020 to 17 January 2020 inclusive

4A.6	DRP Price (including any discount):	4A.7 DRP +securities +issue date
$ 8.84320	Friday February 14, 2020
4A.8	Will DRP +securities be a new issue?	4A.8a Do DRP +securities rank pari passu from +issue
Yes	date?
		Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No

4A.11 Are there any other conditions applying to DRP participation? Yes

4A.11a Conditions for DRP participation

Registered address in Australia or New Zealand

4A.12 Link to a copy of the DRP plan rules

https://www.sydneyairport.com.au/investor/investors-centre/stock-information/distribution-reinvestment-plan

4A.13 Further information about the DRP

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Part 5 - Further information

1. Please provide any further information applicable to this dividend/distribution
2. Additional information for inclusion in the Announcement Summary

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