AngloAmerican Investor Presentation Deck

Lower unit costs more than offset cost inflation Anglo American Copper (c/lb)¹2 ~165 -5% 2023F 2024F ~38 Q1 positions ~157 at Que & Coll Iron ore ($/t)¹2 -3% ~37 2023F 2024F Partly offset by premium pricing PGMs ($/PGM oz)¹² ~980 -6% 2023F 2024F ~115 ~920 Steelmaking coal ($/t)¹2 Premium qualities 0% ~115 2023F 2024F De Beers ($/ct)¹² ~75 +7% 2023F ~80 Venetia UG temporary transition impact HE ~75 2024F 2026F+ Group unit costs ✓2% vs 2023F 8 21

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