FY25 ASX Appendix 3A.1 - Dividend

Appendix 3A.1 - Notification of dividend / distribution
Appendix 3A.1 - Notification of dividend / distribution
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Update Summary
Entity name
VULCAN STEEL LIMITED
Security on which the Distribution will be paid
VSL - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
24/10/2025
Reason for the Update
NZD/AUD exchange rate used for final dividend
Additional Information
Nominal value of the resident withholding tax (for New Zealand Shareholders) for the dividend is NZ$0.0024
Imputation credit rate per share is NZ$0.01361111
Refer to below for full details of the announcement

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Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
VULCAN STEEL LIMITED
1.2 Registered Number Type
ARBN
Registration Number
652996015
1.3 ASX issuer code
VSL
1.4 The announcement is
1.4a Reason for update to a previous announcement
NZD/AUD exchange rate used for final dividend
1.4b Date of previous announcement(s) to this update
26/8/2025
1.5 Date of this announcement
24/10/2025
1.6 ASX +Security Code
VSL
ASX +Security Description
ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
2A.2 The Dividend/distribution:
relates to a period of twelve months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
30/6/2025
2A.4 +Record Date
9/10/2025
2A.5 Ex Date
8/10/2025
Ordinary
Update/amendment to previous announcement

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2A.6 Payment Date
22/10/2025
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
Another approval/condition external to the entity required before business day 0 of the timetable for the
dividend/distribution.
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per
+security (in primary currency) for all
dividends/distributions notified in this form
NZD 0.04117647
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD 0.03635882
2A.9c FX rate (in format AUD 1.00 / primary currency
rate): AUD
AUD 1.00
FX rate (in format AUD rate/primary currency rate)
Primary Currency rate
NZD 1.13250300
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?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.12 Does the +entity have tax component information
apart from franking?
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
No
Yes
We do not have a securities plan for dividends/distributions
on this security
No
No

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3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.03500000
3A.2 Is the ordinary dividend/distribution franked?3A.2a Is the ordinary dividend/distribution fully franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
100.0000 %
3A.3a Applicable corporate tax rate for franking credit
(%)
30.0000 %
3A.4 Ordinary dividend/distribution franked amount per
+security
NZD 0.03500000
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
3A.6 Ordinary dividend/distribution unfranked amount
per +security excluding conduit foreign income amount
NZD 0.00000000
Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).
3E.2 Please indicate the following information if applicable. (Refer Annual Investment Income Report specification for
further information)
Field NameAIIR Specification ReferenceValueEstimated/Actual
Interest9.79

Unfranked dividends not
declared to be conduit foreign
income

9.80

Unfranked dividends declared
to be conduit foreign income
9.81

Assessable foreign source
income
9.91

Tax-free amounts9.96

Tax-deferred amounts9.97

Managed investment trust
fund payments
9.105

Franked distributions from
trusts
9.120

Gross cash distribution9.121

Interest exempt from
withholding
9.122

YesYes

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Capital Gains discount
method Non-Taxable
Australian property
9.124

Capital gains other
Non-Taxable Australian
property
9.126


Other income9.130

Royalties9.135

NCMI

Excluded from NCMI

Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
3F.2 Is the supplementary dividend/distribution
estimated at this time?
3F.2a Supplementary dividend/distribution estimated
amount per +security
NZD
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.00617647
3F.3 Is the Supplementary dividend/distribution franked?
3F.4 Percentage of Supplementary dividend/distribution
that is franked
0.0000 %
3F.4a Applicable corporate tax rate for franking credit
(%)
0.0000 %
3F.5 Supplementary dividend/distribution franked
amount per +security
NZD 0.00000000
3F.6 Percentage of Supplementary dividend/distribution
that is unfranked
100.0000 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.00617647
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
2A.9 This is the dividend per share which includes supplementary dividend for Australian-domiciled shareholders who are
subject to non-resident withholding tax in NZ.
Q3A.1 b This is the dividend per share for New Zealand-domiciled shareholders who are entitled to the imputation credits
attached to the dividend.
No
No
Yes

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Q2A.13 Provided the individual meets the requirements to apply the double tax treaty between NZ and Australia the
non-resident withholding tax rate would be 15%.
5.2 Additional information for inclusion in the Announcement Summary
Nominal value of the resident withholding tax (for New Zealand Shareholders) for the dividend is NZ$0.0024
Imputation credit rate per share is NZ$0.01361111