Tronox Holdings plc

Tizir Titanium & Iron ("TTI") overview ● ● TTI Business Description TTI is a smelting facility, which upgrades ilmenite to produce a high-value titanium slag, primarily sold to pigment producers and a high-purity pig iron, which is sold to ductile iron foundries TTI location allows it to run its operations with highly attractive hydropower, under long-term contract Annual capacity of 230k MT of high-grade titanium slag and 90k MT of high-purity pig iron Founded in 1983 -216 employees as of December 2019 FY 2019 Revenue of $176 million and Adjusted EBITDA of ~$40 million (¹) TTI - Geographic Location NORWAY Tronox management TRONOX TYSSEDAL Product and Process Overview TTI produces titanium slag primarily used in the production of white pigment Titanium slag is also used in the production of titanium metal with applications including airplane components and medical uses Key process steps include pre-reduction, metallisation and smelting to upgrade ilmenite into high-quality titanium products and high-purity pig iron During ilmenite pre-reduction step, it is reduced to pellets that, during the smelting step, are fed together with coal and anthracite into a furnace, thus producing slag and pig iron TTI produces high-purity pig iron (HPPI) that has high elasticity and tensile strength valuable in such applications as wind turbines and automotive parts Smelter uses one round 43 MWh AC Furnace with 3 Soderberg electrodes using hydropower Tronox Holdings plc | tronox.com | Confidential & Proprietary | © 2020 NORDIC PEARL 4

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