Investor Presentaiton

Balanced capital allocation framework Anglo American flow after sustaining capital 2. Commitment to base dividend Balance sheet flexibility 3. Discretionary capital options H1 2022 allocation of capital 1) $2.4bn Sustaining attributable free cash flow21 2) $1.5bn H1 2022 dividend at 40% of underlying earnings 12 Future project options Portfolio upgrade Additional shareholder returns 3) $0.8bn Growth capex 19 19

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