Unlocking Value and Performance Outlook

World class PGM assets well positioned for market recovery Leader in PGMs PGMs positioned for consumer recovery Robust outlook Integrated processing capacity H1 positions on margin curve Closely linked to discretionary spending Prices reflect aggressive consensus on pace of ICE decline Consensus BEV forecasts being revised lower Hybrids - critical transition step to cleaner transport PLATINUM RUSTENBURG 99.99 MADE IN S.AFRICA 4.6346 Anglo American 15

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