Dividend 2008

2008 Final Dividend

In light of the proposed rights issue, announced on 29 January 2009, Xstrata's Board of Directors has decided to waive the final dividend for 2008. As a result, the full year dividend will consist of the interim dividend of 18 US cents per share, which was declared in August 2008 and paid on 10 October 2008.

2008 Interim Dividend of 18 US cents/share - payment date 10 October 2008

2008 Interim Dividend - payment date 10 October 2008
Dividend dates 2008
  • Please note in order for your request to be processed, completed forms must be returned to the Registrars no later than 19 September 2008. Any requests received after the 19 September 2008 will not apply for the dividend payable 10 October 2008, but only to subsequent dividends.
  • Please download and complete the Xstrata currency election and dividend mandate forms.
  • Please read this important dividend information (PDF, 97Kb)
Half-Yearly Results Announcement 6 August 2008
Ex-Dividend date 17 September 2008
Deadline for return of currency election forms 19 September 2008
Record date 19 September 2008
Applicable exchange rate date 3 October 2008
Payment date 10 October 2008

DIVIDEND EXCHANGE RATES for dividend payment of 10 October 2008

Xstrata publishes its accounts in US dollars and the dividend payable on 10 October 2008 will be paid in US dollars. The company has made arrangements for shareholders who so elected prior to 19 September 2008 to receive this dividend in pounds sterling, Euros or Swiss Francs. The pound sterling, Euro or Swiss Franc amount payable will be determined by reference to the closing mid exchange rates applicable to the US dollar on Friday 3 October 2008, being 7 days prior to the dividend payment date.

These rates are noted below and were published in the Financial Times on Saturday 3 October 2008:

Dividend Exchange Rate for dividend payment of 10 October 2008
USD/GBP USD/EUR USD/CHF
USD1.7749 = £1 USD1.3808 = EUR1 USD1 = CHF1.1326

EXCHANGE RATES FOR RECLAIM OF THE SWISS WITHHOLDING TAX for dividend payment of 10 October 2008

For the purpose of reclaiming the Swiss withholding tax, the Swiss tax authorities require that the gross amount of the dividend is reflected in Swiss Francs. The relevant foreign exchange rates agreed with the Swiss tax authorities that should be applied to claim the refund are as follows:

EXCHANGE RATES FOR RECLAIM OF THE SWISS WITHHOLDING TAX for dividend payment of 10 October 2008
GBP/CHF USD/CHF EUR/CHF
£1 =2.0103 USD1 = 1.1326 EUR1 = 1.5639

Xstrata plc maintains a progressive dividend policy, which takes into account underlying growth in Group earnings, capital requirements and cash flows, while maintaining an appropriate level of dividend cover.

Interim and final dividends are generally paid in the approximate ratio of one-third and two-thirds of the total annual dividend. The Sterling, Euro or Swiss Franc amount payable will be determined by reference to the exchange rates applicable to the US dollar seven days prior to the dividend payment date. Dividends can be paid directly into a UK bank or building society account to shareholders who elect for their dividend to be paid in pounds sterling. Currency election and dividend mandate forms are available below.

Please feel free to contact us for any additional enquiries you may have.