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Investor Presentaiton

Woodsmith: a world class asset with a differentiated product Quality asset Competitive product Progressing project infrastructure >40 year asset life1 Q1 unit cost expected >50% EBITDA margin potential 13Mtpa planned development capacity2 Low carbon, organics minimal processing and little waste 1. Including Inferred Mineral Resources in the Life of Asset Plan. Reserve Life is 27 years. Project is subject to further studies and Board approval. 2. Indicative only. Subject to further studies and Board approval. 3. Capex revised to -$0.7bn (previously $0.8bn), reflecting the revised timing of payments for certain non-critical activities. 4. In comparison to other fertiliser products. 5. Organically certified. Currently certified for organic use in EU and North America with other certification pending for approval. Anglo American ~$0.7bn³ 2023 capex focused on shafts and tunnel ~$1.0bn annual capex indicative² 68
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