Anglo American Iron Ore Market Prospects and Minas-Rio Project Overview

5 ANGLO AMERICAN Excellent prospects for iron ore market Brazil has the largest reserve base of iron ore, with c.22% of known reserves and exports 33% of world iron ore China has underpinned demand for Brazilian iron ore, accounting for 41% of imports in the first nine months of 2007 Split of iron ore exporters, 2006 Top 10 Brazilian iron ore importers, 2006 Others 17% Other 16% India 12% Brazil 33% Australia 38% South Korea 17% EU25 10% Japan 16% China 41%

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