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

16/9/2021

Reason for the Update

Update to the Appendix 3A.1 released on 19 August 2021 to advice of the exchange rates and local currency conversions.

Refer to below for full details of the announcement

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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 to the Appendix 3A.1 released on 19 August 2021 to advice of the exchange rates and local currency conversions.

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

19/8/2021

1.5 Date of this announcement

16/9/2021

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

Special

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)

30/6/2021

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2A.4 +Record Date

10/9/2021

2A.5 Ex Date

9/9/2021

2A.6 Payment Date

7/10/2021

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 0.05500000

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

AUD 0.07463821

2A.9b If AUD equivalent not known, date for information	Estimated or Actual?
to be released	Actual
16/9/2021
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 0.73688800
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 (AEDT) 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 Depositary 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 0.07463821
NZD - New Zealand Dollar	NZD 0.07750190
GBP - Pound Sterling	GBP 0.03984425
ZAR - Rand	ZAR 0.79727230

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

The average exchange rate realised by South32 on market during the period from 30 August 2021 to 15 September 2021 inclusive.

2B.2c If payment currency equivalent and exchange	Estimated or Actual?
rates not known, date for information to be released	Actual
16/9/2021

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 Depositary Interest holders: no choice available (only Pound Sterling (GBP) will be available).

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

Friday September 10, 2021 19:00:00

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2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged

For Australian holders, currency elections and direct credit details can be provided online at www.computershare.com.au/investor or by calling Computershare Investor Services on 1800 019 953 or [phone].

For South African holders, direct credit details can be provided by call Computershare Investor Services on smart number+27 (0) 861 100 950.

For UK DI holders, direct credit details can be provided online at www.investorcentre.co.uk.

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

USD 0.03500000

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

USD

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

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

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

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

(%)

100.0000 %

30.0000 %

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

USD 0.03500000

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

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

USD 0.00000000

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

USD 0.00000000

Part 3B - Special dividend/distribution

3B.1 Is the special dividend/distribution estimated at this time?

No

3B.1b Special dividend/distribution amount per +security

USD 0.02000000

3B.1a Special dividend/distribution estimated amount per +security

USD

3B.2 Is special dividend/distribution franked?	3B.2a Is the special dividend/distribution fully franked?
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