AngloAmerican Investor Update

Capex cost inflation offset by deferrals Capex⁹ $bn Woodsmith Growth Collahuasi desal Lifex Baseline sustaining Anglo American ~5.7 ~0.5 ~1.2 ~0.2 ~0.6 ~3.2 2022F 6.0-6.5 ~0.8 ~0.7 ~0.3 ~0.4 ~0.7 3.1-3.6 2023F 5.5-6.0 ~0.7 ~0.3 ~0.3 ~0.7 3.5-4.0 2024F 5.0-5.5 ~0.7 ~0.3 ~0.3 ~0.5 3.2-3.7 2025F SA renewables & nuGenTM HH 3.0-3.5 + lifex Long-term (2022 real) 2022 lower due to weather, permitting delays, deferrals & weaker Fx 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 Woodsmith carrying value potential review 14

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