AngloAmerican Investor Update

Unit costs performance by Business Unit De Beers (US$/ct)¹ 58 2021 868 ~65 2021 2022F PGMS (US$/PGM oz)4 ~950 ~80 2022F 2023F (new) ~1,025 2023F (new) Copper (C1 USc/lb)² Previously -159c/lb 120 2021 33 ~157 2021 2022F Iron Ore (FOB US$/t)5 ~40 ~156 2022F 2023F (new) -39 2023F (new) Nickel (C1 USC/lb)³ Previously -495c/lb 377 2021 105 ~500 2021 2022F Steelmaking Coal (US$/t)6 ~110 ~515 2022F 2023F (new) ~105 2023F (new) Spot FX rates used for 2023F costs: ~17 ZAR:USD, ~1.5 AUD:USD, ~5.3 BRL:USD, ~900 CLP:USD, ~3.8 PEN:USD Note: Unit costs are subject to any further effects of Covid-19 and exclude royalties, depreciation and include direct support costs only. FX rates used for H2 2022F costs: ~17 ZAR:USD, ~1.5 AUD:USD, ~5.3 BRL:USD (prev. ~5.5 BRL:USD), ~950 CLP:USD,-4 PEN:USD. 1. De Beers unit cost is based on De Beers' share of production. Increase in 2023 is primarily driven by change in production mix, as Venetia transitions to underground operations with a slower than expected ramp-up. 2. The total copper unit cost for 2022F and 2023F is the weighted average of Copper Chile and Copper Peru based on the mid-point of production guidance. Chile 2022 unit cost is c.160c/lb. Peru 2022 unit cost is c.140c/lb (previously c.150c/lb) and is based on progressing the ramp-up of production volumes. Chile 2023 unit cost is c.190c/lb. Peru 2023 unit cost is c. 100c/lb. 3. Nickel 2022 unit cost increase is mainly due to the stronger Brazilian real and slightly lower volumes. 4. Unit cost is per own mined 5E + gold PGMs metal in concentrate ounce. 5. Wet basis. Total iron ore is the weighted average of Kumba and Minas-Rio based on the mid-point of production guidance. 2022 unit cost guidance for Kumba is c.$44/t and for Minas-Rio is c.$34/t (previously c.$32/t), mainly due to the stronger Brazilian real and slightly lower volumes. 2023 unit cost guidance for Kumba is c.$44/t and Minas-Rio is c.$32/t. 6. Steelmaking Coal FOB/t unit cost comprises managed operations and excludes royalties and study costs. Anglo American 37

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