HY 2023 Results and Growth Prospects

Global decarbonisation portfolio accelerating - near-term delivery remains a challenge BlueSmelting™ at RTIT Boron biofuel For personal use only Ilmenite reduction technology 95% less GHG emissions potential from BlueSmelting™ ⚫ First production delivered in July 2023 from demonstration plant Rio Tinto ©2023, Rio Tinto, All Rights Reserved MoU with China Baowu • First open pit mine to convert to renewable diesel • 45,000 tonnes CO2 equivalent per year reduction • 9,600 cars comparable reduction Working together to help decarbonise the steel value chain Research, build and demonstrate pilot- scale electric melter Study options for low-carbon iron in Western Australia 23

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