Investor Presentaiton

Clear delivery pathway Permitting process benefits from 'one-stop shop' authority for each phase SOUTHHARZ POTASH Phase Step 1: Site approval Regional and Spatial Planning Procedure Step 2: Build approval Planning Approval Procedure Step 3: Operating approval Approval of Main Operating Plan Step 4: Special approval Approval of Special Operating Plan Detail and authority " " " Determines whether project can be implemented in a spatially, socially and environmentally compatible manner at the planned location Applies for projects with significant impact on development of a state or region measured by its effect on environment, supply of public goods, traffic, plus economic and social goals of state development plan Assesses and determines the feasibility of the project in a broader scope at an early planning stage A formal EIA is required Approval authority is Thüringer Landesverwaltungsamt (TLVWA) Scoping Paper submitted ahead of full Spatial Planning application by September, with brownfield at Bernterode and greenfield at Haynrode contemplated ✓ Covers all mandatory regulatory processes and permits for General Operating Plan Includes all approvals and permits by the competent authorities to construct a mine and related facilities, except for certain water law permits A typical operator regards a Step 2 approval which has become final as a sufficient basis for a project FID Requires an EIA to be submitted as part of a General Operating Plan Plan submitted for the purpose of carrying out a public consultation procedure with authorities other than the TLUBN, municipalities, the public and environmental organisations Approval authority is the Thüringer Landesamt für Umwelt, Bergbau und Naturschutz (TLUBN) Approval leads to a Planning Approval Decision Mandatory to operate plants and facilities in the mining area Mining authority has no discretion regarding approval of initial and subsequent Main Operating Plans (and Special Operating Plans); if fulfilling the statutory requirements and in-line with the Step 2 approval, then the Step 3 approval must be granted Includes submission of Main Operating Plan, renewable every two years Based on same information as submitted under Step 2 above and includes technical concept, detailed safety measures and hazard prevention for operation of mines and facilities Approval authority is TLUBN Approval leads to an Operating Plan Permit Special Operating Plans provide the operator greater flexibility in separating certain installations and activities from the Main Operation Plan. Such plans do not have to be renewed every two years Approval process includes submission of a Special Operating Plan for specific installations or activities Based on same information as submitted under Steps 2/3 above, with more detailed technical specification Approval authority is TLUBN Approval leads to a Special Operating Plan Permit AUGUST 2023 INVESTOR PRESENTATION 22

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