Sustainable Focus and Growth Outlook

Capex cost inflation offset by deferrals. Capex⁹ ~5.7 $bn 6.0-6.5 5.5-6.0 5.0-5.5 2022 lower due to weather, permitting delays, deferrals & weaker Fx ~0.8 Woodsmith ~0.5 ~0.7 ~0.7 ~0.3 ~0.7 Growth ~1.2 ~0.3 ~0.3 SA renewables ~0.3 Collahuasi ~0.4 & nuGenTM ~0.7 ~0.3 desal ~0.2 ~0.7 ~0.5 Lifex ~0.6 Baseline sustaining Anglo American 3.5-4.0 ~3.2 3.1-3.6 3.2-3.7 HH 2022F 2023F 2024F 2025F 3.0-3.5 + lifex Sustaining capex guidance maintained & underpins stability Deferrals to discretionary capex while maintaining optionality: Mogalakwena third concentrator • Moranbah-Grosvenor wash plant expansion Sustainability integrated into capital allocation decisions Long-term (2022 real) Woodsmith carrying value potential review 14

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