Investor Presentaiton

A large, growing MOP market Slow supply response from geopolitical tension and strong agricultural demand MOP VS SOP GLOBAL POTASH DEMAND IS DOMINATED BY MOP SOUTHHARZ POTASH SULPHATE OF POTASH SOP 52% K₂O EQUIVALENT Potassium sulphate 91% MOP MOP SOP ☐ ☐ MURIATE OF POTASH MOP 60% K₂O EQUIVALENT Potassium chloride Large, well structured global market Current global market of ~67 Mt pa Extensively applied to a wide range of crop segments, including, soya, rice, wheat, barley etc Market is supplied predominately by Canada, Russia and Belarus Simple mineral extraction and production Low relative operational expenditure Most cost-effective form of granulated potassium fertiliser ☐ ☐ Sensitive, fragile market dynamics ☐ Current global market of ~6 Mt pa Niche market for chlorine-sensitive crops, tobacco, oranges, avocado Market is dominated by the Chinese Production from natural brine lakes and via MOP conversion (Mannheim process) Complex brine chemistry, controlled. stage-wise evaporations in multiple pond layouts Expensive Source: Argus Potash Analysis May 2023 AUGUST 2023 INVESTOR PRESENTATION 23

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