#1AngloAmerican Woodsmith project Tom McCulley CEO, Crop Nutrients 3 October 2023#2Cautionary statement Disclaimer: This document has been prepared by Anglo American plc ("Anglo American") and comprises the written materials/slides for a presentation concerning Anglo American. By attending this presentation and/or reviewing this document you agree to be bound by the following conditions. The release, presentation, publication or distribution of this document, in whole or in part, in certain jurisdictions may be restricted by law or regulation and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. This document is for information purposes only and does not constitute, nor is to be construed as, an offer to sell or the recommendation, solicitation, inducement or offer to buy, subscribe for or sell shares in Anglo American or any other securities by Anglo American or any other party. 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Important factors that could cause Anglo American's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, unanticipated downturns in business relationships with customers or their purchases from Anglo American, mineral resource exploration and project development capabilities and delivery, recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases, the impact of attacks from third parties on our information systems, natural catastrophes or adverse geological conditions, climate change and extreme weather events, the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to obtain key inputs in a timely manner, the ability to produce and transport products profitably, the availability of necessary infrastructure (including transportation) services, the development, efficacy and adoption of new or competing technology, challenges in realising resource estimates or discovering new economic mineralisation, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, liquidity and counterparty risks, the effects of inflation, terrorism, war, conflict, political or civil unrest, uncertainty, tensions and disputes and economic and financial conditions around the world, evolving societal and stakeholder requirements and expectations, shortages of skilled employees, unexpected difficulties relating to acquisitions or divestitures, competitive pressures and the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American's assets and changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo American's most recent Annual Anglo American Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward- looking statement contained herein to reflect any change in Anglo American's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. 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Alternative Performance Measures Throughout this document a range of financial and non-financial measures are used to assess our performance, including a number of financial measures that are not defined or specified under IFRS (International Financial Reporting Standards), which are termed 'Alternative Performance Measures' (APMs). Management uses these measures to monitor the Group's financial performance alongside IFRS measures to improve the comparability of information between reporting periods and business units. These APMs should be considered in addition to, and not as a substitute for, or as superior to, measures of financial performance, financial position or cash flows reported in accordance with IFRS. APMs are not uniformly defined by all companies, including those in the Group's industry. Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies. ©Anglo American Services (UK) Ltd 2023. Anglo American TMTM and Future Smart MiningTM are trade marks of Anglo American Services (UK) Ltd. Some of the images used are under licence from iStock by Getty Images. 2#3Committed to delivering a safe project 1.89 Jan 1.85 TRIFR¹ Feb Anglo American 1.56 1.26 1.25 Mar Apr May 1.39 Jun 2.08 Jul 2.07 Aug 2023 safety focus areas Dropped objects Leadership development Employee engagement Mental health & wellbeing Planned work & compliance to plan Great Days Local charity pot accumulates on a daily basis Based on safety & environmental performance as well as delivering project milestones 3#4Tier 1 asset positioned for the future Large-scale Long-life Anglo American 13Mtpa, >40yr² Highly cash generative >50% EBITDA margin² FutureSmart Mining T TM Technology Sustainability Future-enabling product Unique competitive advantages 4#5Unique competitive advantages 1 Large-scale, high- grade, thick orebody Allows efficient bulk mining methods Anglo American 2 Minimal waste 1:1 ore to product ratio 3 Only 37 km to deep water port Efficient underground transport tunnel 4 No chemical processing No tailings & minimal water Low cost Low carbon³ 5#6World's largest polyhalite deposit Teesside Port Facilities O Middlesbrough Redcar MTS Route Materials Handling Facility 5km Woodsmith Mine North York Moors National Park Project Area Whitby ~2.0Bt at 84.1% >40yr Life of Asset² Exclusive Mineral Resource4 1:1 ore:product ratio minimal waste Scarborough Head Office 13Mtpa production capacity² ● North York Moors National Park ● Resource area Lease area - 6#7Anglo American One Project, One Team SOB 203 eyond this point 0000 Worley energy chesources -321m ondatory beyond this port 00000 ALANG Well done 355 Woodsmith One Project, One Team#8World class construction partners Worley energy | chemicals | resources 膚 REDPATH DEILMANN REDPATH Anglo American STRABAG WORK ON PROGRESS ● ● Global project delivery (EPCM) organisation Shaft sinking EPCM experience ● Leading global shaft sinking contractor • Recent Shaft Boring Roadheader (SBR) experience • Leading global tunnelling contractor 8#9Project reset in 2022 enabling strong drive forward Focus on delivering long-term value Planning for a 30% larger operation with a phased approach to invest capital at the right time All major contractors fully mobilised and driving progress on critical path activities Study program under way to optimise long-term delivery plan for maximum value ● ● Q4 2023 Anglo American Tunnel Boring Machine planned downtime Intersect Sherwood sandstone Complete study program 2025 potential Board approval Tunnel breakthrough at shafts 2027 Commence mine level development & shaft fit-out. First product 9#10The Project Anglo American fu M#11Developing a scalable operation Woodsmith Mine Ladycross Plantation Whitby access shaft Ventilation Mudstone/ Shales Sandstone Polyhalite seam Anglo American -550m MTS Shaft Service shaft 25km Production shaft Lockwood Beck access shaft Mineral Transport System (MTS) Upgraded conveyor Materials Handling Facility Wilton Mine Not to scale. Graphic and information is illustrative only as studies are ongoing & subject to Board approval Shafts 1,600m access & hoisting shafts Underground conveyor Port Facility Redcar Bulk Terminal Granulation capacity Bran Sands expansion Processing & port facilities Mechanised underground operation Potential to phase ventilation & production level development 37km underground tunnel Potential to phase conveyor upgrades Materials Handling Facility Priority access export facilities Phased expansion as required 11#12Shaft capacity optimised ● Two deep shafts of ~1,600m each Service shaft: materials & personnel access ● ● Production shaft: ore transfer from production level (~1,600m) to mineral transport level (~360m) • 7.5m diameter - unlocks optionality ● 13Mtpa production capacity Foreshaft sunk, minimising surface impact Sink via SBR technology Service shaft at 550m Production shaft at 340m Anglo American Was Production shaft SBR began sink in January 2023 THE 12#13Deploying advanced shaft-boring roadheaders Third generation technology Rotary cutter head breaks ground & excavates shaft according to pre-set programmes & parameters Remote operation through control cabin; autonomous operation possible for extended periods Excavation, mucking out, grouting & lining No explosives, no workers at rockface Cutter head inspection during maintenance Anglo American 13#14Anglo American Shaft sinking video Please refer to https://www.youtube.com/watch?v=Hdk8vRd_8tY 14#15Efficient & consistent shaft sinking 66m total height 350t total weight 75-100 kN-m cutting drum torque 1.2m cutting cycles, lower & regrip after each cycle 4 winches; 0.2m/s winch speed Anglo American Rotary Cutter Head 09. 66m Control Panel; Chiller; Compressor; Stabilisers Work Deck 12: Cable bucket Work Decks 11-4: Muck chute Muck bunker Fresh & waste water tank ● ● ● ● ● Electrical panel Concrete hopper Concrete remix tank Ventilation cassette WD4: Operators cabin WD3: Concrete deck WD2: Tubbing erector Core machine stabilisers WD1: Double tubbing erector; Probe drill Excavation chamber; Roadheader broom 15#16Stratigraphy Progress through Sherwood Sandstone strata will inform shaft sinking schedule Expect to intersect around mid-2024 Anglo American Om 400m 800m 1200m 1600m Glacial Jurassic Shales Mudstones Mudstones Sherwood sandstone Salt Boulby Potash Limestone Today Polyhalite Service shaft Production shaft 16#17Multi-decade orebody with expansion potential ~290Mtat Ore Reserves . at 88.8%5 ~2.0Bt at 84.1%4 Exclusive Mineral Resources Anglo American ~25m Seam thickness 1:1 ratio Ore:product Room & Pillar mining with continuous miners Low cost, high volume Options to evolve to more efficient mining methods as studies progress 17#18Port Handling Facility Materials Handling Facility Anglo American Redcar Mineral Transport System route Lockwood Beck intermediary shaft 25.2km Ladycross intermediary shaft Whitby Woodsmith Mine Woodsmith Head Office Tunnelling well progressed Scarborough 18#19Efficient & reliable Mineral Transport System Single ore transport tunnel from shaft to Materials Handling Facility Length: ~37 km Diameter: 4.9m Capacity: >13Mtpa Efficient, low cost, low impact transportation Reliable automated solution Tunnel will house single flight conveyor, operational power supply to mine & maintenance railway ● ● Anglo American 19#20Mineral Transport System tunnel construction Excavation & lining via one Herrenknecht Hard Rock Tunnel Boring Machine (TBM) Executed by Strabag, driving from port area to mine Single mudstone strata; well understood geological conditions Reduced from previous three TBM strategy to a single TBM Currently 25.2km of ~37km Planned pause in 2024 for final intermediary shaft connection Anglo American 20#21Elements of Herrenknecht Hard Rock TBM 1 Cutterhead Rotation & high contact pressure to break the rock and drop cuttings into the buckets 2 Buckets Buckets pick up excavated material via cutterhead, and rotation conveys excavated material through ducts to machine belt conveyor 3 Machine belt conveyor Conveys excavated material out of TBM to main conveyor Anglo American 1 2 3 4 6 5 4 Thrust cylinder Hydraulic cylinders arranged around circumference push the TBM forward into the rockface ahead 5 Tunnel lining Lining of the tunnel tube with precise, prefabricated reinforced steel segments 6 Erector Remotely controlled movable vacuum manipulator for handling the segments during ring building 21#22Anglo American Herrenknecht Hard Rock TBM in operation Please refer to https://youtu.be/9bHqx8cDUXQ?si=OiqnhSKhZV2THLzL#23Minimal processing at the Materials Handling Facility ( 50 Crush & grind Today Anglo American Segment factory Steel cage Concrete welding casting Mix Granulate Future Dry MHF future facility Coat 23#24Mine connected to deep water port by conveyors Today Redcar Bulk Terminal port Anglo American Bran Sands expansion area Future potential infrastructure 24#25Studies will maximise long-term value Anglo American Shaft options & mine development • Shaft fit-outs & ventilation Mine level development Phased production increase ● Port & storage Overland conveyor • Modular expansion ● Materials transport & handling Tunnel fit-out Phased conveyor system Materials Handling Facility ● ● ● Product & marketing Regional development plan • Premium market entry strategy ● Underpinned by technology & sustainability strategies 25#26All major permitting on track -|-|-| All major permits needed to progress construction are in place Permitting amendments to reflect optimisation of project scope & design are on track Anglo American K K Service shaft 26#27Developing a scalable operation to maximise value Prioritising core infrastructure for a commercial-led ramp-up from 2027 ~$0.7bn ~$1.0bn 2023 capex Indicative annual capex Anglo American 2023 priorities Continue progress on core infrastructure: Sinking of the two deep shafts Service shaft to ~700m: YTD 240m (~2 months for refurbishment) ● Production shaft to ~450m: YTD 230m (commissioned in April) • 70m of MTS shaft & development Fit-out of Ladycross access shaft Drive tunnel to ~27km: YTD driven 4.3km ● ● 27#28Value driven technology opportunities Emphasis on safety, cost & environment Optimising existing technology & exploring new opportunities: Integrated Remote Operating Centre Tele-remote / automated solutions in cutting machines, haulage, drilling / bolting Optimising cutting tools Minimising underground diesel-powered kit • Value enhancing technology - scanning & sensing ● ● ● ● Anglo American STRABAG 28#29The sustainable mine Environment Sustainable mine design Net positive biodiversity goal Low carbon, low water, low waste, no tailings Anglo American Ha 19002 Community ~£1.2bn contribution to regional economy to date Thank You Woodsmith Foundation Thank You W W ~£6m to local Foundation to date; 0.5% revenue when operating8 Woodsmith Foundation People ~1,650m direct jobs ~60% local workforce £120m 2022 local procurement 29#30Modern & sustainable approach to mining Minimum impact design Mine located in the North York Moors National Park ● ● Sunken headframe MHF outside National Park Minimal mine buildings Underground ore transport Landscaping Sustainable operation No chemical processing: minimal energy & emissions Minimal waste, no tailings Anglo American Woodsmith Mine, North Yorkshire, UK (future visual) Waste dump, Germany Potash mine, UK Rail line, Canada 30#31Anglo American Modern and sustainable approach to mining Please refer to https://youtu.be/Alo1 ExioQPk?si=09PsrQT3Ca2-JVEv 31#32Investing in Yorkshire & the North-East Port Handling Facility Wilton MHFA Anglo American Redcar Lockwood Beck Ladycross Whitby Woodsmith Mine 00 Mineral Transport System (MTS) North York Moors National Park Borough Council Boundaries Redcar and Cleveland Scarborough Scarborough £1.2bn Contribution to regional economy £17.3m Total social investment¹0 £120m 2022 local procurement spend ~60% of workforce from local area 32#33Wrap up Anglo American OLKO#34Large-scale, long-life Tier 1 asset delivering strong cash flow for decades Unique endowment Commercial-led ramp-up Highly cash generative Anglo American >40 year Life of Asset² ~2027 first product available to market ~$190/t long-term price with significant upside potential¹1 ~13 Mtpa design capacity² Up to ~5Mtpa capacity from 20306 Q1 expected cost curve position 34#35Tier 1 asset positioned for the future Large-scale Long-life Anglo American 13Mtpa, >40yr² Highly cash generative >50% EBITDA margin² FutureSmart Mining T Technology Sustainability Future-enabling product Unique competitive advantages 35#36Appendix Anglo American#37Proven Room & Pillar mining Room & Pillar mining Underground mining method for flat, bedded deposits Recovers the mineral in open stopes by cutting or blasting & leaves pillars of ore to support the roof Lower risk of surface subsidence vs other methods Can be mechanised & relatively simple to execute Continuous miner Combines the operations of cutting & loading ore simultaneously into mine cars, shuttle cars or conveyors Can work continuously without the unproductive breaks that occur in conventional mining cycles Can collect & load ore into a transportation unit, reducing the equipment required in the mine Anglo American Continuous Miner Belt System Pillar Hauler Feeder Breaker Diection of Miring Roof Bolter Scoop 37#38Footnotes 1. Total recordable injury rate per million hours worked. 2. Annual production is indicative only. Subject to final studies and Board approval. Life of Asset including Inferred Mineral Resources. Reserve Life is 27 years. 3. Relative to comparable fertiliser products. 4. Exclusive Mineral Resource. Refer to the Anglo American plc Ore Reserves and Mineral Resources Report 2022 for more details. 5. Total Ore Reserve. Refer to the Anglo American plc Ore Reserves and Mineral Resources Report 2022 for more details. 6. Indicative only. Subject to further studies and Board approval. 7. To December 2022. Value measured by Gross Value Added (GVA). 8. ~£6million since start of construction; ~£4million since Anglo American acquisition. 9. Jan 2023. 10. Since construction started. 11. Long term 2023 real terms price at 13Mtpa based on a blend substitution pricing methodology plus a premia based on risk-weighted price outcomes. Blend substitution pricing methodology assesses whether a current fertiliser blend can be reassembled with the inclusion of POLY4 and the resulting price a purchaser would be willing to pay for the POLY4 without changing the total cost of the blend. In many cases, the inclusion of POLY4 offers further benefits such as providing Mg, Ca and micronutrient traces, enhancing the blend at no further cost. Anglo American 38