AngloAmerican Investor Presentation Deck

Blend substitution implies $170/t POLY4 price for the same nutrients at no extra cost to farmer Standard Blend Fertiliser Urea Ammonium Inputs 9% sulphate 25% Standard Blend Fertiliser Inputs Nutrients in standard cereal NPK blend using typical existing fertiliser products N P 15 15 Anglo American N 15 POLY4 substitution blend matching minimum requirements? P K 15 15 Urea 20% K 15 DAP 32% DAP 32% MOP 18% S 6 CI 12 MOP 25% S Mg Ca CI 625 9 POLY4 30% Blends purchased according to required nutrients Standard cereal NPK blend uses 4 fertiliser products to source nutrients, with unwanted chlorine unavoidable in the mix Same blend can be assembled substituting in POLY4 Farmer receives same nutrients at no extra cost POLY4 blend substitution modelled across ~70 different typical blends implies ~$170/t POLY4 price? This does not yet value POLY4's additional beneficial nutrients nor the premium product qualities 31

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