Mining Business Overview

ENVIRONMENTAL FOCUS DRIVING PGM DEMAND PGM price basket20 Tighter emissions standards Euro 7: +15% PGMs loadings by 2026 -150% 2016 2017 2018 2019 2020 ✓ Anglo American China VI: ~500koz PGMs for heavy diesel vehicles Diverse applications Chemicals, glass manufacturing, emerging demand in food storage and 5G technology Hydrogen fuel cells & PEM electrolysis driving longer term demand 21 24

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