REG - Valterra Platinum - Final Dividend Declaration

Valterra PlatinumAnnouncement

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RNS Number : 3252U  Valterra Platinum Limited  25 February 2026

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

JSE Debt Issuer Code: VALI

ISIN: ZAE000013181

Income tax number: 9575104717
 

("the Company" or "Valterra Platinum")

 

25 February 2026

 

Valterra Platinum Final Dividend Declaration

 

Final ordinary cash dividend declaration

 

The Board of Directors has approved the declaration of a gross final dividend
of R11.5 billion (R43.00 per share (4300 cents per share)) for the year ended
31 December 2025 on the ordinary shares of the Company. The gross dividend is
made up as follows:

 

•           R6.2bn or R23.00 per share (2300 cents per share)
representing a base cash dividend ("ordinary dividend") equal to 40% of
headline earnings, in line with the Company's dividend policy; and

•           R5.3bn or R20.00 per share (2000 cents per share)
representing an additional cash dividend ("special dividend").

 

The issued share capital of the Company at the declaration date is 265,292,206
ordinary shares.

 

The gross dividend has been declared from retained earnings generated from
profits typical of ordinary trading activities.

 

 Important dates                                                         JSE                         LSE
 Publication of declaration data and currency conversion rate announced  Wednesday 25 February 2026  Wednesday 25 February 2026
 Last day of trading to qualify and participate in the dividend          Tuesday 24 March 2026       Wednesday 25 March 2026
 Trading ex-dividend commences                                           Wednesday 25 March 2026     Thursday 26 March 2026
 Record date                                                             Friday 27 March 2026        Friday 27 March 2026
 Dividend payment date                                                   Monday 30 March 2026        Wednesday 15 April 2026

 

Share certificates may not be dematerialised or rematerialised between
Wednesday 25 March  2026 and Friday 27 March 2026, both days inclusive nor
may any transfers of shareholdings between the South African share register
and the Jersey Branch register be permitted between Monday 23 March 2026 and
Friday 27 March 2026. Any changes to the dividend instructions and timetable
will be announced on the Johannesburg Stock Exchange News Service and the LSE
Regulatory News Service.

 

The salient dates have been set out above to allow non-South African resident
shareholders sufficient time to apply for a reduced rate of dividend
withholding tax if they qualify for this.

 

The dividend will be paid in South African Rand for shareholders on the South
African share register and in Pound Sterling for shareholders on the Jersey
Branch register, UK Depositary Interest Register and UK Corporate Sponsored
Nominee register. The Pound Sterling cash equivalent of the gross dividend is
GBP1.99189 (199.18934 pence per share ) based on an exchange rate of
GBP1:21.58750 as at 17:00 (CAT) on 24 February 2026.

 

Tax treatment for shareholders on the South African share register

 

The gross dividend will incur a 20% withholding tax unless an exemption or
reduced rate is applicable under a tax treaty. Should the gross dividend
withholding tax be withheld at the full rate of 20%, the net dividend will be
R34.40 per share (3440 cents per share), made up as follows:

 

•           Ordinary dividend of R18.40 per share (1840 cents per
share); and

•           Special dividend of R16.00 per share (1600 cents per
share).

 

Tax treatment for shareholders on the Jersey Branch register, UK Depositary
Interest Register and UK Corporate Sponsored Nominee register

 

Valterra Platinum has retained Computershare UK as an intermediary to receive
and process the relevant prescribed declarations and forms as set out below.
Any reference below to documentation, which is required to be submitted to
Valterra Platinum, should therefore be submitted to Computershare UK.

 

Non-South African tax resident shareholders will be paid the dividend subject
to 20% dividend withholding tax. However, non-South African tax resident
shareholders may be entitled to a reduced rate of dividends tax due to the
provisions of an applicable tax treaty.

 

Shareholders who qualify for an exemption from or reduction in dividends tax
in terms of section 64F of the South African Income Tax Act 58 of 1962 must
provide the following:

 

•     A declaration that the dividend is exempt from dividends tax.

 

•   A written undertaking to inform the regulated intermediary should the
circumstances affecting the exemption change or if the beneficial owner ceases
to be the beneficial owner, both in the form prescribed by the Commissioner
for the South African Revenue Service to the regulated intermediary prior to
the required date to benefit from the exemption. The prescribed form has been
transposed onto the Computershare UK format.

 

Shareholders on the Jersey Branch register, UK Depositary Interest register
and UK Corporate Sponsored Nominee register will be sent the required
documentation for completion and return to Computershare UK. Qualifying
shareholders on the Jersey Branch register, UK Depositary Interest register
and UK Corporate Sponsored Nominee register are advised to arrange for the
above mentioned documents to be submitted to Computershare UK by Friday, 20
March 2026.

 

JSE equity sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

 

JSE debt sponsor:

The Standard Bank of South Africa Limited

 

For further information, please contact:

 

Company Secretary

Fiona Edmundson

fiona.edmundson@valterraplatinum.com

 

Investors:

Leroy Mnguni

leroy.mnguni@valterraplatinum.com

Marcela Grochowina

marcela.grochowina@valterraplatinum.com

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

ABOUT VALTERRA PLATINUM

Valterra Platinum is one of the world's leading integrated producers of
platinum group metals (PGMs) with a primary listing on the Johannesburg Stock
Exchange and a secondary listing on the London Stock Exchange. We operate
world class, long-life mines and the industry's most efficient processing
assets, responsibly mining, smelting, and refining PGMs and associated
co-products from operations located in South Africa and Zimbabwe. With
integrated marketing hubs in London, Singapore and Shanghai, we deliver
tailored solutions for our customers. We continue to integrate sustainability
into everything we do, invest in our mining and processing capabilities and
advance market development initiatives to grow and commercialise new demand
segments. We make a meaningful impact in the communities where we operate and
remain committed to delivering consistent and superior returns to
shareholders. Guided by our purpose of unearthing value to better our world,
we are committed to zero harm, disciplined capital allocation and delivery on
our value-accretive strategic priorities.

 

Cautionary Statements

This announcement contains inside information. Upon publication of this
announcement on the Johannesburg Stock Exchange News Service and the LSE
Regulatory News Service, the inside information is considered to be in the
public domain.

 

 

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