GREENCOAT RENEWABLES PLC - Notice of dividend currency exchange rate (South African Rand)

Evidence from the filing

• The company demonstrates a consistent commitment to shareholder returns through regular quarterly dividend payouts, with 1.70250 euro cents per share declared for the period ended 31 December 2025.

  “On 29 January 2026, the Company announced its quarterly dividend for the period ended 31 December 2025 of 1.70250 euro cents per share.”

• Shareholders benefit from robust transparency with a clear disclosure of the dividend currency exchange rate (18.704) and the precise gross dividend amount of 31.84356 SA cents per share, providing certainty for local investors.

  “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 16 February 2026 and is set out below: Q4 Declared dividend 1.70250 euro cents per share Exchange rate 18.704 Gross dividend in South African ("SA") cents per share 31.84356”

• The detailed guidance on navigating Irish and South African Dividend Withholding Tax, including explicit instructions for refund applications and SA DWT reductions, assists shareholders in optimizing their net dividend receipts.

  “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.”

• South African shareholders face a significant initial reduction in their dividend payout due to a 25% Irish Dividend Withholding Tax (DWT) being withheld upfront from the gross dividend, creating an immediate cash flow disadvantage.

  “The gross dividend in South African cents per share of 31.84356 will be subject to Irish Dividend Withholding Tax ("Irish DWT") at a rate of 25% (equalling 7.96089 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 23.88267 SA cents per share.”

• The process of recovering Irish DWT imposes an administrative burden and creates a timing risk for shareholders, as they must proactively apply for a refund from the Irish Revenue Commissioners, delaying access to their full entitled dividend amount.

  “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 29 January 2026.”

• The dividend distribution process involves a complex and opaque tax structure, potentially subjecting shareholders to both Irish DWT and SA DWT, and necessitating professional tax advice to navigate, which can deter certain investors due to increased complexity and cost.

  “The dividend may also be subject to SA Dividends Tax at the rate of 20% (equalling 6.36871 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 17.51396 SA cents per share. Shareholders should seek independent professional tax advice if they are uncertain about their tax position.”

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