#1ANGLO AMERICAN MMX Minas-Rio and Amapá iron ore projects Cynthia Carroll CEO, Anglo American plc 18 January 2008 fallied This presentation is being made only to and is directed only at (a) persons who have professional experience in matters relating within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth entities and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as "relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or any of its contents.#22 ANGLO AMERICAN What is MMX? . • MMX Mineração e Metálicos S.A. ("MMX") is a member of the EBX Group, which was established in 1983. The Group portfolio includes enterprises in various parts of Brazil and several countries in Latin America MMX Corumba MMX Ownership: 70% Other shareholders: 30% Centennial Asset Corumba Current MMX Group Structure MMX Amapá MMX Ownership: 70% Other shareholders: 30% Cleveland Cliffs MMX Minas-Rio MMX Ownership: 51% Other shareholders: 49% Anglo American LLX Logistica MMX Ownership: 100% Minas-Rio Project LLX Minas-Rio MMX Ownership: 51% Other shareholders: 49% Anglo American LLX Acu Oper. Portuaria SA MMX Ownership: 70% Other shareholders: 30% Centennial Asset#3ANGLO AMERICAN The Minas-Rio project comprises · A mine and beneficiation plant in Minas- Gerais state in SE Brazil •A 525 km slurry pipeline •A port in Rio de Janeiro state •Initial stage of production of 26.5 Mtpa of pellet feed and 3 Mtpa domestic lump •First production 1H10 First quartile operating costs •Majority of off-take for phase 1 destined for the Middle East and Asia The Minas-Rio project Serro 40km Itapa Minas Gerais State Serra do Sapo Brazil Iron Quadrangle Belo Horizonte Minas-Rio Deposits cão Molevade 3#4ANGLO AMERICAN The Amapá project comprises: •A mine in Amapá state in Northern Brazil •A wholly-owned 198 km existing railway •The wholly-owned Santana Port terminal •Production of 6.5 Mtpa of pellet and sinter feed, to reach full production capacity by 2009 •First production in December 2007 4 The Amapá project Seth Pacific BRAZIL AGENTPA Ariantie Guiana Francess Pio Oiapoque Oiapoque 156 Calcoene Oceano Atlántico Acti Chaves Amapá Amapá Project Tartarugalzinho Amapari Araguari Rio EFA Foreira Gomes Ports Grande Existing Railway Rio Pono de Macapa Santana Macaps Cachosira S. Antonio PA EFJ Vars do Ja Au Rio Afu Moste Dourado Cumina Onças Almerim Obidos Alenquer Rio Amazonas 417 Anaja Rio Anajas Ponta de + Braves Pedras The resource statement for both projects is being updated in 1Q08#55 ANGLO AMERICAN Excellent prospects for iron ore market Brazil has the largest reserve base of iron ore, with c.22% of known reserves and exports 33% of world iron ore China has underpinned demand for Brazilian iron ore, accounting for 41% of imports in the first nine months of 2007 Split of iron ore exporters, 2006 Top 10 Brazilian iron ore importers, 2006 Others 17% Other 16% India 12% Brazil 33% Australia 38% South Korea 17% EU25 10% Japan 16% China 41%#6160 140 120 100 Million tonnes 60 60 80 80 CO 6 40 40 20 ANGLO AMERICAN Seaborne market share c.3% Anglo's iron ore production could increase to c.150 Mtpa by 2017 Seaborne market share c.10% 0 2006 2007e 2008e 2009e 2010e 2011e 2012e 2013e 2014e 2015e 2016e 2017e