Notice of Dividend Currency Exchange Rate

Greencoat Renewables PLC

26 May 2026

 

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 8 May 2026, the Company announced its quarterly dividend for the period ended 31 March 2026 of 1.70250 euro cents per share.

The currency exchange rate applicable for the quarterly dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on Friday, 22 May 2026 and is set out below:

Q1 Declared dividend	Exchange rate	Gross dividend in South African ("SA") cents per share
1.70250 euro cents per share	19.01250	32.36878

The gross dividend in South African cents per share of 32.36878 will be subject to Irish Dividend Withholding Tax ("Irish DWT") at a rate of 25% (equalling 8.09220 SA cents per share), which will be withheld from the gross dividend paid to SA shareholders. After the deduction of Irish DWT, the net amount of the dividend will be 24.27659 SA cents per share.

Shareholders tax resident in South Africa can apply for a refund of the full amount of the Irish DWT withheld from the Irish Revenue Commissioners. A refund of Irish DWT can be claimed by shareholders tax resident in South Africa in accordance with the relevant process noted in the announcement published on SENS on 8 May 2026.

The dividend may also be subject to SA Dividends Tax at the rate of 20% (equalling 6.47376 SA cents per share), unless a shareholder qualifies for an exemption ("SA DWT"). After the deduction of Irish DWT and SA DWT, the net amount of the dividend will be 17.80283 SA cents per share.

Any shareholder who receives a dividend which is subject to SA DWT (i.e. where no exemption is available) will qualify for a reduction in SA DWT in respect of Irish DWT, to the extent that the Irish Revenue Commissioners does not allow the refund of the Irish DWT after application for same.

The ultimate result, should Irish DWT be refunded, is that the dividend will be subject to SA DWT at a rate of 20% (unless a shareholder qualifies for an exemption from SA DWT).

Summary table

	ZAR cents
Gross dividend	32.36878
Less: 25% Irish DWT ¹	8.09220
Net dividend after deduction of Irish DWT	24.27659
Less: 20% SA DWT ²	6.47376
Net dividend	17.80283

Notes:

1.   Shareholders tax resident in South Africa can apply for a refund of Irish DWT withheld from the Irish Revenue Commissioners.

2.   Any shareholder who receives a dividend which is subject to SA DWT (i.e. where no exemption is available) will qualify for a reduction in SA DWT in respect of the Irish DWT, to the extent that the Irish Revenue Commissioners does not allow the refund of the Irish DWT after application for same. 

Shareholders should seek independent professional tax advice if they are uncertain about their tax position.

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The Company has listings on the Alternative Investment Market of the LSE and the Euronext Growth Market of Euronext Dublin and a secondary listing on the Alternative Exchange of the JSE.

Ireland

26 May 2026

JSE Sponsor

Valeo Capital (Pty) Ltd

For further information, please contact:

Schroders Greencoat LLP (Investment Manager)
Bertrand Gautier
Paul O'Donnell
John Musk	[phone]
FTI Consulting (Investor Relations & Media)
Melanie Farrell	[phone]
Conor Pierce	[e-mail]

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy infrastructure assets. Initially focused solely on the acquisition and management of operating wind farms in Ireland, the Company has expanded to invest in wind and solar assets across other European countries with stable and robust renewable energy frameworks. It has recently broadened its strategy with the launch of a green digital infrastructure platform targeting renewably powered data centre developments in Ireland and across Europe.

Greencoat Renewables is managed by Schroders Greencoat LLP, an experienced investment manager in the listed renewable and energy infrastructure sector.

 

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