It is recommended that shareholders review their tax information in advance of Record Dates.

Sandfire has obligations under law to withhold tax from the dividend in certain circumstances. Your tax obligations will vary depending on your financial circumstances and where you reside. You should obtain individual advice on the tax treatment of the dividend.

By way of guidance only:

If you are an Australian tax resident shareholder and have:

• provided Automic with your TFN or ABN or Exemption, you will not be subject to withholding tax on the unfranked portion of dividends.
• not provided a TFN or ABN or Exemption, tax will be deducted from the unfranked portion of the dividend at the highest marginal rate (no tax will be deducted from the franked portion of the dividend).

TFN, ABN or Exemption details can be provided online at Automic using your security login, or by calling Automic on 1300 288 664 or +61 2 9698 5414.

If you are a non-Australian resident, no Australian withholding tax applies to the unfranked portion of the dividend on the basis that it is declared to be conduit foreign income (no tax will be deducted from the franked portion of the dividend).

All dividends will be paid in Australian dollars. We pay dividends and other amounts in respect of shares, directly into the shareholder’s nominated bank or financial institution account (excluding credit card accounts).

We do not currently have a dividend reinvestment plan.

It is important to note that banking instructions are applied specifically to your Automic SFR holding. Even if you have other holdings with Automic, the banking details will not be automatically applied.

Refer to Automic help information on establishing a Portfolio Profile if you wish to have details to apply to multiple holdings.

Direct Credit details and currency elections can be recorded or updated through the Automic website. This help page provides options for registering payment instructions for Australian and International bank accounts. A direct credit facility form can also be accessed for Australian accounts.

What will happen to my payment if I don’t provide my banking details or the transfer is rejected or refunded by the bank?

Your payment will be held in a non-interest accruing account until you have provided Automic with valid banking instructions, at which time the dividend will be credited to your account. It is important to note that such payments will be made on a periodic basis and not on immediate receipt of your direct credit instructions. Automic will manage unclaimed monies under the WA Unclaimed Money Act 1990.

What if I provide incorrect banking details?

All direct credit instructions received are confirmed back to the shareholder by Automic. It is important that you check this confirmation carefully and contact Automic if it is incorrect.

How will I know if a dividend has been deposited into my bank account?

You will be provided with a dividend statement confirming the number of shares, the amount of the dividend, the date of payment and the banking details to which the payment has been made.

Shareholders are encouraged to register their email address with Automic to receive notification by email that their dividend statement is available electronically. You can provide your email address online using your Automic using your security login.