Modernising Agreements and Transition to Renewables

Attractive dividends remain paramount Shareholder returns of 40-60% of underlying earnings on average through the cycle Pay-out ratio (%) 100 80 00 60 60 40 20 0 2016 2017 2018 2019 2020 H1 2021 2016-2020 ■Ordinary dividend ■ Additional return Interim ordinary dividend Consistent five-year record of shareholder returns Pay-out ratio policy de-risks the company 60% average pay-out on ordinary dividend over past 5 years 73% average pay-out in total Our financial strength allows us to simultaneously: - reinvest for growth accelerate our own decarbonisation continue to pay attractive dividends to shareholders in line with our policy Excluding divestment proceeds returned to shareholders Rio Tinto ©2021, Rio Tinto, All Rights Reserved 72

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