Wesfarmers : Update - Dividend/Distribution - WES

Notification of dividend / distribution

Update Summary

For personal use only

Entity name

WESFARMERS LIMITED

Security on which the Distribution will be paid

WES - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

24/2/2022

Reason for the Update

Update to Part 2B - Currency Information

Additional Information

The Payment Date is 30/3/2022, other than in relation to the unquoted shares issued under the Key Executive Equity Performance Plan (KEEPP) where the payment date will be deferred until vesting and quotation of the shares.

Refer to below for full details of the announcement

Notification of dividend / distribution

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Notification of dividend / distribution

Announcement Details

only
	Part 1 - Entity and announcement details
		1.1 Name of +Entity
		WESFARMERS LIMITED
		1.2 Registered Number Type	Registration Number
use	ACN
008984049
1.3 ASX issuer code
		WES
		1.4 The announcement is
		Update/amendment to previous announcement
personal	1.4a Reason for update to a previous announcement
Update to Part 2B - Currency Information
		1.4b Date of previous announcement(s) to this update
		16/2/2022
		1.5 Date of this announcement
		24/2/2022
		1.6 ASX +Security Code
		WES
		ASX +Security Description
For	ORDINARY FULLY PAID
	Pa t 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)

31/12/2021

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2A.4	+Record Date
23/2/2022
2A.5	Ex Date
22/2/2022

only	2A.6 Payment Date
30/3/2022
	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
use	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")
	AUD - Australian Dollar
personal	2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
	AUD 0.80000000
	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 have a Dividend/Distribution Reinvestment Plan (DRP)
	2A.11a If the +entity has a DRP, is the DRP applicable to	2A.11a(i) DRP Status in respect of this
	this dividend/distribution?	dividend/distribution
	Yes	Full DRP
For	2A.12 Does the +entity have tax component information
apart from franking?
No

Part 2B - Currency Information

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

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Notification of dividend / distribution

2B.2 Please provide a description of your currency arrangements

Wesfarmers shareholders will be paid dividends by direct credit into their bank account in Australian Dollars (AUD), New Zealand Dollars (NZD) or Pound Sterling (GBP). Shareholders, regardless of their registered address, may elect to receive their dividend payment in AUD, NZD or GBP by nominating a bank account in the nominated currency. Shareholders who have a registered address outside of Australia, New Zealand or the United Kingdom who have not nominated a valid bank account will receive their dividends as an AUD cheque mailed to their registered address.

only	2B.2a Other currency/currencies in which the dividend/distribution will be paid:
	Currency	Payment currency equivalent amount per security
	GBP - Pound Sterling	GBP 0.42568000
use	NZD - New Zealand Dollar	NZD 0.85544000
2B.2b Please provide the exchange rates used for non-primary currency payments
	AUD/GBP = 0.5321
	AUD/NZD = 1.0693
	2B.2c If payment currency equivalent and exchange	Estimated or Actual?
	rates not known, date for information to be released	Actual
	24/2/2022
personal	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
	Subject to Wesfarmers' Direct Credit Policy, a shareholder can elect to receive their dividend payment in either AUD, NZD
	or GBP.
	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
	Thursday February 24, 2022 20:00:00
	2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged
	Shareholders who wish to change or vary the way they currently receive dividends must provide instructions to the Share
	Registry by the relevant record date, in one of the following ways:

• Online by visitinghttp://www.computershare.com.au/easyupdate/wes; or
• Contact Wesfarmers' Share Registry on 1300 558 062 (within Australia) or [phone] (outside Australia) for further information or to request a Direct Credit form for completion and return by the relevant record date.

For
	Part 3A - Ordinary dividend/distribution
		3A.1 Is the ordinary dividend/distribution estimated at	3A.1a Ordinary dividend/distribution estimated amount
		this time?	per +security
		No	AUD

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4A.8 Will DRP +securities be a new issue? No

AUD

4A.6 DRP Price (including any discount):

4A.5 DRP price calculation methodology

28/2/2022

Start Date

4A.4 Period of calculation of reinvestment price

Thursday February 24, 2022 20:00:00

4A.2 Last date and time for lodgement of election notices to share registry under DRP

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.80000000

3A.4 Ordinary dividend/distribution franked amount per +security

100.0000 %

onlyuse personalPart 4A - +Dividend reinvestment plan (DRP) For

3A.2 Is the ordinary dividend/distribution franked? Yes

Notification of dividend / distribution

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.80000000

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No

4A.7 DRP +securities +issue date

The allocation price will be calculated as the average of the daily volume weighted average price of Wesfarmers Limited shares, excluding trades which are not considered to reflect normal supply and demand, on each of the 15 consecutive trading days during the period from 28 February 2022 to 18 March 2022 inclusive.

18/3/2022

End Date

%

4A.3 DRP discount rate

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)

0.0000 %

3A.5 Percentage amount of dividend which is unfranked

30.0000 %

3A.3 Percentage of ordinary dividend/distribution that is franked

3A.3a Applicable corporate tax rate for franking credit

(%)

3A.2a Is the ordinary dividend/distribution fully franked? Yes

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