Coles : Update - Dividend/Distribution - COL

Notification of dividend / distribution

Update Summary

For personal use only

Entity name

COLES GROUP LIMITED.

Security on which the Distribution will be paid

COL - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

9/3/2022

Reason for the Update

Update to Part 2B - Currency Information

Refer to below for full details of the announcement

Notification of dividend / distribution

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Notification of dividend / distribution

Announcement Details

only
	Part 1 - Entity and announcement details
		1.1 Name of +Entity
		COLES GROUP LIMITED.
		1.2 Registered Number Type	Registration Number
use	ABN
11004089936
1.3 ASX issuer code
		COL
		1.4 The announcement is
		Update/amendment to previous announcement
personal	1.4a Reason for update to a previous announcement
Update to Part 2B - Currency Information
		1.4b Date of previous announcement(s) to this update
		22/2/2022
		1.5 Date of this announcement
		9/3/2022
		1.6 ASX +Security Code
		COL
		ASX +Security Description
For	ORDINARY FULLY PAID
	Pa t 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)

2/1/2022

Notification of dividend / distribution

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Notification of dividend / distribution

2A.4	+Record Date
4/3/2022
2A.5	Ex Date
3/3/2022

only	2A.6 Payment Date
31/3/2022
	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
use	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
personal	2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
	AUD 0.33000000
	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	2A.11a(i) DRP Status in respect of this
	this dividend/distribution?	dividend/distribution
	Yes	Full DRP
For	2A.12 Does the +entity have tax component information
apart from franking?
No

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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Notification of dividend / distribution

		2B.2 Please provide a description of your currency arrangements
		Coles shareholders will be paid dividends by direct credit into their bank account in Australian dollars (AUD), Pound
		Sterling (GBP), or New Zealand Dollars (NZD) provided valid banking instructions have been received by Coles' share
		register, Computershare, no later than 17:00 (AEDT) on 7 March 2022.
		Coles' shareholders who do not provide their credit details:
only	(i) will receive dividend payments by way of cheque in Australian dollars, if the shareholder has a registered address
outside of Australia; or
(ii) if the shareholder has a registered address in Australia, in accordance with Coles' implementation of mandatory direct
credit payment, the shareholder's dividends will be held on the shareholder's behalf in a non- interest bearing account until
the shareholder's nominated bank account details are received by Computershare (after which time the shareholder's
payment will be made on the next scheduled periodic payment date)
		2B.2a Other currency/currencies in which the dividend/distribution will be paid:
use	Currency	Payment currency equivalent amount per security
GBP - Pound Sterling	GBP 0.18377700
NZD - New Zealand Dollar	NZD 0.35376000
		2B.2b Please provide the exchange rates used for non-primary currency payments
		Using externally published reference rates by the Reserve Bank of Australia being:
personal	AUD/GBP 0.5569
AUD/NZD 1.0720
		2B.2c If payment currency equivalent and exchange	Estimated or Actual?
		rates not known, date for information to be released	Actual
		9/3/2022
		2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
		default arrangements?
		Yes
		2B.3a Please describe what choices are available to a securityholder to receive a currency different to the currency
		they would receive under the default arrangements
		As described in 2B.2a
		2B.3b Date and time by which any document or communication relating to the above arrangements must be
		received in order to be effective for this dividend/distribution
		Monday March 7, 2022 17:00:00
For	2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged
Currency elections or any questions can be directed to Computershare Investor Services on 1300 171 785 (within
		Australia) or [phone] (outside Australia) or online (at www.investorcentre.com/col)
	Part 3A - Ordinary dividend/distribution
		3A.1 Is the ordinary dividend/distribution estimated at	3A.1a Ordinary dividend/distribution estimated amount
		this time?	per +security
		No	AUD
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Notification of dividend / distribution

Yes

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

4A.8 Will DRP +securities be a new issue? Yes

4A.8a Do DRP +securities rank pari passu from +issue date?

AUD

31/3/2022

4A.6 DRP Price (including any discount):

4A.7 DRP +securities +issue date

In accordance with the DRP Rules, the offer price will be calculated as the arithmetic average of the daily volume weighted average market price of Coles' shares during the 5 trading days commencing on 15 March 2022.

4A.5 DRP price calculation methodology

15/3/2022

21/3/2022

Start Date

End Date

4A.4 Period of calculation of reinvestment price

Monday March 7, 2022 17:00:00

0.0000 %

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

4A.3 DRP discount rate

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)

AUD 0.00000000

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

AUD 0.00000000

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

AUD 0.33000000

0.0000 %

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

3A.5 Percentage amount of dividend which is unfranked

100.0000 %

30.0000 %

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

3A.3a Applicable corporate tax rate for franking credit

(%)

onlyuse personalP rt 4A - +Dividend reinvestment plan (DRP) For

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

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

Notification of dividend / distribution

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

AUD 0.33000000