South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32; ADR: SOUHY
ISIN: AU000000S320
south32.net


                                 2023 INTERIM DIVIDEND CURRENCY EXCHANGE RATES

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUY) (South32) announced on 16 February 2023 that the Board resolved to pay an interim
dividend of US 4.9 cents per share (fully franked) for the half year ended 31 December 2022, with a payment date of 6 April 2023.

The US cent currency exchange rate applicable to the dividend payable in Australian cents, British pence and New Zealand cents is
determined as the volume weighted average price achieved on foreign exchange trades executed over the period 27 February 2023
to 15 March 2023, and is detailed below:


             Currency                                      Exchange rate             Dividend per ordinary share in
                                                                                             local currency

             Australian cents                                 0.668036                         7.334934

             British pence                                    1.197198                         4.092890

             New Zealand cents                                0.625730                         7.830854



On 3 March 2023, South32 announced to the Johannesburg Stock Exchange that the US cent currency exchange rate applicable to
the dividend payable in South African cents to shareholders on the South African branch register on the Record Date is the volume
weighted average price achieved on foreign exchange trades executed over the period 27 February 2023 to 3 March 2023.


             Currency                                      Exchange rate             Dividend per ordinary share in
                                                                                             local currency

             South African cents                              18.28994                         89.62071



Shareholders can manage their shareholding via the Computershare Investor Centre at www.computershare.com to:

•   update their address, communication preferences, banking and tax details;
•   view their holdings, dividend and payment, and transaction history information; and
•   download statements and documents.



Alternatively, refer to the relevant Investor Centre noted below:

•   Australian holders may visit online at www.computershare.com.au/Investor or by calling Computershare Investor Services on
    1800 019 953 or +61 3 9415 4169
•   South African holders may call smart number: +27 086 110 0950, +27 086 11 00 933 or
    e-mail: ficaverifyelectronic@computershare.co.za
•   UK Depositary Interest holders may visit online at www.investorcentre.co.uk or call +44 (0) 370 873 5884.
About us



Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia
South32 is a globally diversified mining and metals company. Our purpose is to make a difference by developing natural resources,
improving people’s lives now and for generations to come. We are trusted by our owners and partners to realise the potential of
their resources. We produce commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal
and manganese from our operations in Australia, Southern Africa and South America. With a focus on growing our base metals
exposure, we also have two development options in North America and several partnerships with junior explorers around the world.



  Investor Relations
  Ben Baker
  T     +61 8 9324 9363
  M     +61 403 763 086
  E     Ben.Baker@south32.net



  Media Relations
  Jamie Macdonald                                                   Miles Godfrey
  T     +61 8 9324 9000                                             T      +61 8 9324 9000
  M     +61 408 925 140                                             M      +61 415 325 906
  E     Jamie.Macdonald@south32.net                                 E      Miles.Godfrey@south32.net

Further information on South32 can be found at www.south32.net.

Approved for release by Claire Tolcon, Company Secretary
JSE Sponsor: The Standard Bank of South Africa Limited
16 March 2023




  2023 INTERIM DIVIDEND CURRENCY EXCHANGE RATES