FY22 Overview & Safety Program Update

DELIVERING ON OUR STRATEGY • Optimise our business • 0 Unlock the full value of our business Identify and pursue opportunities to create value Continued our strong operating performance in FY22: • Group copper equivalent production 6 99% of revised guidance • Worsley Alumina continued to operate above nameplate capacity, achieving record production Hillside and Mozal Aluminium continued to test their maximum technical capacity, despite higher load-shedding • Cannington transitioned to 100% truck haulage, while beating previously increased production guidance Established innovative logistics solutions across multiple operations to respond to ongoing freight markets challenges Achieved strong price realisations in our manganese business, as we optimised our sales mix in South Africa and delivered GEMCO's low cost PC02 material into favourable markets Continued to optimise the Illawarra Metallurgical Coal complex, reaching the decision to not proceed with the DND project Unlocked further opportunities: . Progressed Group decarbonisation studies to deliver our emissions reduction targets • Submitted an Environmental Review Document to develop new mining areas at Worsley Alumina . Sanctioned the De-bottlenecking Phase Two project at Brazil Alumina • Continued installing AP3XLE energy efficiency technology at Mozal Aluminium and commenced its rollout at Hillside Aluminium SOUTH32 • • Developed the higher-grade Q&P satellite deposit and achieved mechanical completion of the OSMOC improvement project at Cerro Matoso, which may satisfy our option to extend the mining contract by 15 years 36 Progressed the Eastern Leases feasibility study and our Southern Areas exploration program at Australia Manganese Completed the sale of four non-core base metals royalties to Anglo Pacific Group Plc for a consideration of up to US$200M38 Significant progress reshaping our portfolio with metals critical for a low-carbon future: • Added copper exposure with the acquisition of a 45% interest in Sierra Gorda . • • • Increased our low-carbon aluminium 39 production capacity by >100%, acquiring an additional share of Mozal Aluminium and participating in the restart of Brazil Aluminium Acquired an additional interest in the MRN bauxite mine, further aligning bauxite supply requirements within our Brazilian aluminium value chain 40 Completed a pre-feasibility study for the zinc-lead-silver Taylor Deposit, and advanced study work on the battery-grade manganese Clark Deposit, at our Hermosa project Continued our investment in more than 25 exploration partnerships and projects targeting base metals Subsequent to the end of the year, acquired a 9.9% interest in Aldebaran Resources Inc, owner of the Altar copper project in Argentina SLIDE 37

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