Investor Presentaiton

SOUTH AFRICA ENERGY COAL RESOURCE AND RESERVE STATEMENT Coal Resources As at 30 June 2016 III Measured Coal Resources Indicated Coal Resources Inferred Coal Resources Total Coal Resources ΞΙΙΙ ΙΙΙΞ SOUTH 32 South32 Interest Deposit (1)(2) Mining Method Kcal/k Kcal/k Kcal/k Kcal/ Coal Type Mt % Ash % VM % S g CV Mt % Ash % VM % S g cv Mt % Ash % VM % S g cv Mt % Ash % VM % S kg CV % South Africa - Operating mines Khutala ос Th 1,104 30.2 22.7 1.19 4,900 1,104 30.2 22.7 1.19 4,900 92 UG Th 219 34.6 20.6 0.90 4,440 219 34.6 20.6 0.90 4,440 Klipspruit OC Th 114 28.3 22.4 1.21 5,150 114. 28.3 22.4 1.21 5,150 92 Wolvekrans Middelburg ос Th 663 26.3 22.8 1.12 5,520 17 29.2 22.9 1.01 5,190 115 28.9 23.2 1.08 5,210 795 26.8 22.8 1.11 5,470 92 Complex Coal Reserves As at 30 June 2016 Deposit (1)(2)(4)(5) Mining Method Coal Type Mt Proved Coal Reserves Probable Coal Reserves Total Coal Reserves Proved Marketable Coal Reserves Probable Marketable Coal Reserves Total Marketable Coal Reserves Reserve Life South32 Interest Mt Mt Mt % Ash % VM % S Kcal/kg CV Mt % Ash % VM % S Kcal/kg CV Mt % Ash % VM % S Kcal/kg CV Years % South Africa Operating mines Khutala UG Th 47 Klipspruit OC Th Export 31 ос Th Wolvekrans Middelburg ос Th Complex ос Th Export ос Th Domestic 47 47 34.1 31 9.1 14.2 21.3 0.89 25.1 0.47 4,520 6,290 47 34.1 9.1 14.2 21.3. 0.89 25.1 0.47 4,520 9.0 92 6,290 92 4.0 15 25.0 21.0 0.58 5,290 15 25.0 21.0 0.58 5,290 466 17 483 92 24 174 15.9 130 25.4 25.3 0.48 21.3 0.92 6,280 5,420 7 15.9 25.3 0.48 4 25.4 21.3 0.92 6,280 5,420 181 15.9 134 25.4 25.3 0.48 21.3 0.92 6,280 5,420 (1) Cut-off criteria Coal Resources Coal Reserves Khutala Klipspruit ≥ 1.0m seam thickness for OC, ≥ 2.5m seam thickness for UG, ≥ 24% dry ash-free volatile matter. ≥ 1.0m seam thickness, ≤ 45% ash, ≥ 24% dry ash-free volatile matter. Wolvekrans Middelburg Complex ≥ 1.0m seam thickness, ≤ 45% ash, ≥ 17.9% volatile matter. (2) Tonnes and qualities are reported on an air-dried basis. ≥ 1.0m seam thickness for OC, ≥ 3.6m seam thickness for UG. ≥ 1.0m seam thickness, varying CV ≥ 3,580 Kcal/kg to ≥ 4,300KCal/kg, ≤ 45% ash. ≥ 1.0m seam thickness, ≥ 2,870 Kcal/kg CV, ≤ 45% ash, ≥ 17.9% volatile matter. (3) Leandra: Increase in Coal Resource tonnes due to additional drilling. (4) Process recoveries for the operations: Khutala Klipspruit Wolvekrans Middelburg Complex 100% 79% 67% 28 SEPTEMBER 2016 KLIPSPRUIT INVESTOR TOUR SLIDE 3

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