Woodside Petroleum : Notification of Dividend Update

Update Summary

Entity name

WOODSIDE PETROLEUM LTD

Security on which the Distribution will be paid

WPL - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement Tuesday March 2, 2021

Reason for the Update

The exchange rates used for converting the dividend into the payment currencies on the record date, Friday, 26 February 2021, are now available.

Refer to below for full details of the announcement

Announcement DetailsPart 1 - Entity and announcement details

1.1 Name of +Entity WOODSIDE PETROLEUM LTD

1.2 Registered Number Type ABN

1.3 ASX issuer code WPL

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Registration Number 55004898962

The exchange rates used for converting the dividend into the payment currencies on the record date, Friday, 26 February 2021, are now available.

1.4b Date of previous announcement(s) to this update Thursday February 18, 2021

1.5 Date of this announcement Tuesday March 2, 2021

1.6 ASX +Security Code WPL

ASX +Security Description ORDINARY FULLY PAID

Part 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)

Thursday December 31, 2020

2A.4 +Record Date

Friday February 26, 2021

2A.5 Ex Date

Thursday February 25, 2021

2A.6 Payment Date Wednesday March 24, 2021

• 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 +ASICACCC approval

  FIRB approval

  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")

USD - US Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

USD 0.12000000

2A.9a AUD equivalent to total dividend/distribution amount per +security

AUD 0.15296367

2A.9b If AUD equivalent not known, date for information Estimated or Actual?

to be released Tuesday March 2, 2021

Actual

2A.9c FX rate (in format AUD 1.00 / primary currency rate): AUD

AUD 1.00

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?

FX rate (in format AUD rate/primary currency rate) Primary Currency rate

USD 0.78450000

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 thisthis dividend/distribution?

Yes

dividend/distribution Full DRP

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

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

Woodside dividends are determined and declared in US dollars. However, shareholders will receive their dividend in Australian dollars unless their registered address is in the United Kingdom, where they will receive their dividend in British pounds, or in the United States, where they will receive their dividend in US dollars. Shareholders who reside outside of the United States can elect to receive their dividend in US dollars, payable into a US financial institution account. Shareholders must make an election to alter their dividend currency on or before the election date of Monday, 1 March 2021 by contacting the Woodside share registry on 1300 558 507 (within Australia) or [phone] (outside Australia).

Currency conversion will be based on the foreign currency exchange rates on the record date of Friday, 26 February 2021.

Shareholders who reside outside of the United States, the United Kingdom and Australia may elect to receive their dividend electronically in their local currency using the share registry's Global Wire Payment Service. For a list of currencies offered and how to subscribe to the service, shareholders should contact the share registry.

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

Currency	Payment currency equivalent amount per security
AUD - Australian Dollar	AUD 0.15296367
GBP - Pound Sterling	GBP 0.08567068

2B.2b Please provide the exchange rates used for non-primary currency payments AUD/USD 0.78450000

GBP/USD 1.40071265

2B.2c If payment currency equivalent and exchange rates not known, date for information to be released Tuesday March 2, 2021

Estimated or Actual?

Actual

2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?

Yes