South32 : Update - Dividend/Distribution - S32

Notification of dividend / distribution

Update Summary

Entity name

SOUTH32 LIMITED

Security on which the Distribution will be paid

S32 - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Thursday September 17, 2020

Reason for the Update

Update the Appendix 3A.1 released on 20 August 2020 to advise the exchange rates and local currency conversions.

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

SOUTH32 LIMITED

1.2	Registered Number Type	Registration Number
ABN	84093732597
1.3	ASX issuer code
S32

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update the Appendix 3A.1 released on 20 August 2020 to advise the exchange rates and local currency conversions.

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

Thursday August 20, 2020

1.5 Date of this announcement

Thursday September 17, 2020

1.6 ASX +Security Code

S32

ASX +Security Description

ORDINARY FULLY PAID

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 June 30, 2020

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2A.4 +Record Date

Friday September 11, 2020

2A.5 Ex Date

Thursday September 10, 2020

2A.6 Payment Date

Thursday October 8, 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")

USD - US Dollar

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

USD 0.01000000

2A.9a AUD equivalent to total dividend/distribution amount per +security

AUD 0.01368903

2A.9b If AUD equivalent not known, date for information	Estimated or Actual?
to be released	Actual
Thursday September 17, 2020
2A.9c FX rate (in format AUD 1.00 / primary currency	FX rate (in format AUD rate/primary currency rate)
rate): AUD	Primary Currency rate
AUD 1.00	USD 0.73051200
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 do not have a securities plan for
dividends/distributions on this security
2A.12 Does the +entity have tax component information
apart from franking?
No

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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

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

South32 shareholders who hold shares on the Australian register will be paid dividends by direct credit in Australian Dollars (AUD) and can elect to receive a different currency by providing valid New Zealand Dollars (NZD), Pound Sterling (GBP) or US Dollar (USD) banking instructions. These instructions must be provided to Computershare, no later than 7pm (AEST) on the Record Date.

South32 shareholders who hold shares on the South African branch register will be paid dividends by direct credit in South African Rand (ZAR) and cannot elect to receive a different currency.

South32 UK Depository Interest holders will be paid dividends by direct credit in Pound Sterling (GBP) and cannot elect to receive a different currency.

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

Currency	Payment currency equivalent amount per security
AUD - Australian Dollar	AUD 0.01368903
NZD - New Zealand Dollar	NZD 0.01486282
GBP - Pound Sterling	GBP 0.00760610
ZAR - Rand	ZAR 0.16670900

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

VWAP of trades over the period 31 August 2020 to 17 September 2020

Australian cents 0.730512

British pence 1.314734

New Zealand cents 0.672820

VWAP of trades over the period 31 August 2020 to 7 September 2020

South African cents 16.67090

2B.2c If payment currency equivalent and exchange	Estimated or Actual?
rates not known, date for information to be released	Actual
Thursday September 17, 2020

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

For shareholders on the Australian register: Australian Dollars (AUD), New Zealand Dollars (NZD), Pound Sterling (GBP) or US Dollars (USD).

For shareholders on the South African branch register: no choice available (only South African Rand (ZAR) will be available).

For UK Depository Interest holders: no choice available (only Pound Sterling (GBP) will be available).

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