Investor Presentaiton

MINAS-RIO OPERATIONAL PERFORMANCE Production 4 (wmt) P101 improvement 2019 production guidance +21% -23 19-21 18-20 Previous H1 2019 Revised (PIG run) (PIG run) ~30 -23 24-26 22-24 23-25 17 2017 2019F 2020F 2021F 2022F Long-term potential AngloAmerican Fe Content Feed 16% Mass Recovery * 28% Beneficiation Plant Production Rate 34% 8

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