Mining Business Overview

WOODSMITH - MAJOR RESOURCE & UNIQUE ASSET Scale, geology and geography drive Tier 1 potential Suited to modern mining methods Q1 on cost curve; low carbon, organic 16 product POLY4 demand driven by qualities & global customers Positive market feedback for product Increasing support for organic products in EU & China Effectiveness confirmed by crop trials at increasing scale 2020 capex on target for ~$0.3bn Strong tunnel progress; shafts and associated developments on critical path Technical review on-going - completion mid-2021 2021 Capex -$0.5bn (previously $0.3bn) ✓ AngloAmerican 16

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