Alumina Limited

Dividend Payments

Alumina Limited intends, as far as practicable, to distribute to shareholders all fully franked dividends received.

2015 Interim Dividend

On 19 August 2015, the Directors declared a 2015 first half fully franked dividend of US 4.5 cents per share. No dividend was paid for the same period for 2014.

The Record Date for eligibility for receiving the dividend is 2 September 2015 and the shares will trade ex-dividend on the ASX from 31 August 2015. Shares purchased on or after the ex-dividend date do not qualify for the dividend. Payment date will be 28 September 2015.

Generally, the Board intends, on an annual basis, to distribute cash from operations after debt servicing and corporate cost commitments have been met. The Board will also consider the capital structure of Alumina Limited, the capital requirements for the AWAC business and market conditions. Dividends will be fully franked for the forseeable future.

Dividend Reinvestment Plan

The Company's Dividend Reinvestment Plan (DRP) is in operation for this interim dividend. For the purposes of determining the price per share at which shares will be issued under the DRP, the period for determining the VWAP shall be 7 trading days commencing on 4 September 2015 and a discount of 1.5 per cent will be applied to that VWAP. The final date and time to receive DRP election forms is 5.00pm AEST on Thursday 3 September 2015. The issue date of the new securities under the DRP will be 28 September 2015.

2015 Interim Dividend Currency Exchange Rates

Dividend 4.5 US centsExchange RateDividend per ordinary share in local currency
Australian cents TBA post record date TBA day after record date
British pence TBA post record date TBA day after record date

Post demerger dividend history

Payment Date  TypePayment Amount $AA centsFranking tax rate %Franked AmountDRP price per share A$
28 September 2015 Interim US$0.045 TBA 30 Full TBA
25 March 2015 Final US$0.016 2.0470 30 Full DRP Suspended
21 August 2014 Interim Nil Nil n/a n/a DRP Suspended
20 February 2014 Final Nil Nil n/a n/a DRP Suspended
22 August 2013 Interim Nil Nil n/a n/a DRP Suspended
21 February 2013 Final Nil Nil n/a n/a DRP Suspended
16 August 2012  Interim Nil Nil n/a n/a DRP Suspended
15 March 2012 Final US$0.03 2.8009 30 0.03 DRP Suspended
7 Sept 2011 Interim US$0.03 2.8885 30 0.03 DRP Suspended
18 March 2011 Final US$0.04 3.9430 30 0.04 DRP Suspended
6 Sept 2010 Interim US$0.02 2.2324 30 0.02 DRP Suspended
19 March 2010 Final 0.02   30 0.02 DRP Suspended
6 Aug 2009 Interim Nil   n/a n/a Nil
3 Feb 2009 Final Nil   n/a n/a Nil
14 Oct 2008 Interim 0.12   30 0.12 $3.15
31 Mar 2008 Final 0.12   30 0.12 $5.67
5 Sep 2007 Interim 0.12   30 0.12 DRP suspended
9 Mar 2007 Final 0.12   30 0.12 DRP suspended
4 Sep 2006 Interim 0.10   30 0.10 DRP suspended
31 Mar 2006 Final 0.10   30 0.10 DRP suspended
31 Oct 2005 Interim 0.10   30 0.10 DRP suspended
31 Mar 2005 Final 0.10   30 0.075 DRP suspended
6 Sep 2004 Interim 0.10   30 0.10 DRP suspended
30 Mar 2004 Final 0.10   30 0.10 DRP suspended
10 Sep 2003 Interim 0.10   30 0.10 DRP suspended
08 Apr 2003 Final 0.13   30 0.13 DRP suspended

Pre demerger dividend history*

* The following information represents dividends paid to shareholders of WMC Limited’s pre-demerger businesses, which include results from its then alumina, copper-uranium, nickel and fertilizer operations.

Payment dateTypePayment amount A$Franking tax rate %DRP
10 September 2002 Interim 0.05 30 DRP suspended
15 May 2002 Final 0.13 30 DRP suspended
06 September 2001 Interim 0.16 30 DRP suspended
07 March 2001 Final 0.20 34 DRP suspended
31 August 2000 Interim 0.21 34 DRP suspended
29 February 2000 Final 0.10 36 DRP suspended
22 October 1999 Interim 0.03 36 DRP suspended
20 April 1999 Final 0.03 36 DRP suspended
20 October 1998 Interim 0.07 36 DRP suspended
24 April 1998 Final 0.05 36 4.88
24 October 1997 Interim 0.07 36 5.88
30 April 1997 Final 0.06 36 7.42
31 October 1996 Interim 0.11 36 7.53
30 April 1996 Final 0.11 36 DRP suspended
31 October 1995 Interim 0.12 33 DRP suspended
28 April 1995 Final 0.08 33 DRP suspended
31 October 1994 Interim 0.04 33 DRP suspended
29 April 1994 Final 0.04 33 6.70
29 October 1993 Interim 0.07 33 4.83
30 April 1993 Final 0.03 39 4.82
30 October 1992 Interim 0.05 39 4.25
30 April 1992 Final 0.06 39 4.71
31 October 1991 Interim 0.11 39 4.28
30 April 1991 Final 0.13 39 4.79
31 October 1990 Interim 0.17 39 4.17
30 April 1990 Final 0.13 # (unfranked option) 
0.1105 # (franked option)
Nil
39
4.87
30 November 1989 Interim 0.17 # (unfranked option) 
0.1445 # (franked option)
Nil
39
5.42
31 May 1989 Final 0.13 49/51.35 4.71
30 November 1988 Interim 0.13 Nil 4.92
05 May 1988 Final 0.10 49/30.35 5.03
26 November 1987 Interim 0.06 N/A N/A
13 May 1987 Final 0.04 N/A N/A
01 December 1986 Interim 0.02 N/A N/A
14 May 1986 Final 0.04 N/A N/A
02 December 1985 Interim 0.04 N/A N/A
13 May 1985 Final 0.02 N/A N/A