• Proposed capital management initiative of $1.50 per share
• Comprises $1.10 capital return and $0.40 fully-franked special dividend
• Subject to shareholder approval at 2025 AGM
• Reflects strong balance sheet and efficient capital management

Wesfarmers today announced a proposed capital management initiative for shareholders of $1.50 per share. The distribution is expected to comprise a capital component of $1.10 per share and a fully-franked special dividend component of $0.40 per share, subject to a final ruling from the Australian Taxation Office (ATO). The recommended return of capital is subject to shareholder approval at the 2025 Annual General Meeting on 30 October 2025, with payment of the fully-franked special dividend subject to shareholders approving the return of capital. If approved, the total amount of the distribution will be approximately $1.7 billion. Wesfarmers Chief Financial Officer Anthony Gianotti stated that the proposed distribution is consistent with the company's focus on providing a satisfactory return to shareholders and commitment to efficient capital management. The distribution is made possible by cash flow from the sale of certain assets in recent years, including the sale of Wesfarmers' residual interest in Coles, the divestment of Coregas, and the divestment of WesCEF's LPG and LNG distribution businesses.