ANGLO AMERICAN PLC - Anglo American announces commissioning of the Benguela Gem diamond recovery vessel

Anglo American announces commissioning of the Benguela Gem diamond recovery vessel

Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

18 March 2022

Anglo American announces commissioning of the Benguela Gem diamond recovery vessel

Anglo American plc (“Anglo American”) announces the commissioning – ahead of schedule and below
budget – of the Benguela Gem diamond recovery vessel (previously known as the AMV3). The Benguela
Gem forms part of the fleet operated by the 50:50 joint venture between De Beers and the Government
of Namibia.

The Benguela Gem will add an additional 500,000 carats of high value diamonds to annual marine
production, an increase of around 45%, following an investment of approximately $420 million
(approximately $210 million attributable to Anglo American).

Mark Cutifani, Chief Executive of Anglo American, said: “The commissioning of the Benguela Gem ahead
of schedule and below budget marks further progress towards Anglo American’s margin-enhancing
organic growth of more than 20% over the next three years. This additional vessel further enhances
production of some of the highest quality and value diamonds in the world, while delivering sustained
economic benefits for Namibia.”

Bruce Cleaver, CEO of De Beers Group, said: “Diamond recovery by Debmarine Namibia is the single
biggest contributor to Namibia’s economy and we are proud to play our part. The Benguela Gem is the
first of its kind and represents an outstanding feat of engineering design, technology innovation and
sustainability performance. The investment in this vessel will support a long term, sustainable future for
Namibia’s diamond sector, which is home to some of the most sought-after diamonds in the world.”

The Benguela Gem is a custom built vessel that combines latest technology and fully integrated design to
achieve unrivalled efficiency, reliability and accuracy. A state-of-the-art dynamic positioning system
automatically optimises the vessel’s performance in changing weather conditions to minimise energy use.
The vessel also generates its own fresh water through the use of heat recovery systems and a reverse
osmosis plant.

For further information, please contact:

 Media                                                       Investors

 UK                                                          UK
 James Wyatt-Tilby                                           Paul Galloway
 james.wyatt-tilby@angloamerican.com                         paul.galloway@angloamerican.com
 Tel: +44 (0)20 7968 8759                                    Tel: +44 (0)20 7968 8718

 Marcelo Esquivel
 marcelo.esquivel@angloamerican.com                          Emma Waterworth
 Tel: +44 (0)20 7968 8891                                    Emma.waterworth@angloamerican.com
                                                             Tel: +44 (0) 20 7968 8574
 Katie Ryall
 katie.ryall@angloamerican.com                               Juliet Newth
 Tel: +44 (0)20 7968 8935                                    juliet.newth@angloamerican.com
                                                             Tel: +44 (0)20 7968 8830
 South Africa
 Nevashnee Naicker                                           Michelle Jarman
 nevashnee.naicker@angloamerican.com                         michelle.jarman@angloamerican.com
 Tel: +27 (0)11 638 3189                                     Tel: +44 (0)20 7968 1494

 Sibusiso Tshabalala
 sibusiso.tshabalala@angloamerican.com
 Tel: +27 (0)11 638 2175


The Company has a primary listing on the Main Market of the London Stock Exchange and secondary
listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange
and the SIX Swiss Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Notes to editors:

Debmarine Namibia is a subsidiary of Namdeb Holdings, a 50:50 joint venture between De Beers Group
and the Government of the Republic of Namibia. In 2021, Debmarine Namibia recovered around 1.1
million carats of rough diamonds of total Namdeb Holdings production of around 1.5 million carats.
Namibian diamonds are some of the highest quality diamonds in the world and achieve some of the
highest average prices per carat.

Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad
range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium
quality iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients in development
– we are committed to being carbon neutral across our operations by 2040. More broadly, our
Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a corporate leader. We work together
with our business partners and diverse stakeholders to unlock enduring value from precious natural
resources for the benefit of the communities and countries in which we operate, for society as a whole,
and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com

Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical
facts included in this document, including, without limitation, those regarding Anglo American’s financial
position, business, acquisition and divestment strategy, dividend policy, plans and objectives of
management for future operations (including development plans and objectives relating to Anglo
American’s products, production forecasts and Ore Reserve and Mineral Resource positions) and
environmental, social and corporate governance goals and aspirations, are forward-looking statements.
By their nature, such forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of Anglo American or
industry results to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s
present and future business strategies and the environment in which Anglo American will operate in the
future. 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, mineral resource
exploration and development capabilities, recovery rates and other operational capabilities, safety,
health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment,
the ability to produce and transport products profitably, the availability of transport infrastructure, the
impact of foreign currency exchange rates on market prices and operating costs, the availability of
sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas
of the world, 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 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.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American
will necessarily match or exceed its historical published earnings per share. Certain statistical and other
information about Anglo American included in this document is sourced from publicly available third
party sources. As such it has not been independently verified and presents the views of those third parties,
but may not necessarily correspond to the views held by Anglo American and Anglo American expressly
disclaims any responsibility for, or liability in respect of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43

Date: 18-03-2022 10:00:00
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