South32 : Appendix 3A.1 Update

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 21, 2017

Reason for the Update

Update to the Appendix 3A.1 released on 24 August 2017 to advise of the exchange rates and local currency conversions.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to the Appendix 3A.1 released on 24 August 2017 to advise of the exchange rates and local currency conversions.

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)

Friday June 30, 2017

2A.4 +Record Date

Friday September 15, 2017

2A.5 Ex Date

Thursday September 14, 2017

2A.6 Payment Date

Thursday October 12, 2017

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 0.06400000

2A.9a AUD equivalent to total dividend/distribution amount per +security 0.07984341

2A.9b If AUD equivalent not known, date for information to be released

Thursday September 21, 2017

Estimated or Actual?

Actual

2A.9c FX rate (in format AUD 1.00 / primary currency rate): AUD

AUD 1.00

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

Part 2B - Currency Information

FX rate (in format AUD rate/primary currency rate) Primary Currency rate

USD 0.80156900

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 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:

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

VWAP of trades over the period 8 September to 20 September 2017 Australian Cents 0.801569

British pence 1.334800

New Zealand cents 0.736210

VWAP achieved on foreign exchange trades executed on 4 September to 8 September 2017 South African cents 12.88675

2B.2c If payment currency equivalent and exchange rates not known, date for information to be released

Thursday September 21, 2017

Estimated or Actual?

Actual

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 Dollar (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 15, 2017 19:00:00

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/Investor or by calling Computershare Investor Services on 1800 019 953 or +61 3 9415 4169.

For South African holders, direct credit details can be provided by calling Computershare Investor Services on smart number 0861 100 950.

For UK DI holders, direct credit details can be provided online at www.computershare.com/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 0.06400000

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

USD