AngloAmerican Results Presentation Deck

LEADING MARGIN CURVE IMPROVEMENT Average margin adjusted cost curve position ¹ (%) 27% 1. 28% Peer 1 36% 35% Peer 2 2013 43% 33% Peer 3 2019 45% 42% Peer 4 49% 13 p.p. 36% Anglo American 2019 estimate. Source: Wood Mackenzie; AAP; De Beers; McKinsey Minespans; CRU. Excludes non-AA mined commodities (e.g., zinc, bauxite). Excludes non-mining activities (e.g. petroleum, alumina/aluminium processing, marketing). Incorporates 2014 data for diamonds. AngloAmerican 78

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