ANGLO AMERICAN PLC - Anglo American secures future of Woodsmith polyhalite project

Anglo American secures future of Woodsmith polyhalite project

Anglo American plc (the “Company”)
Registered office: 20 Carlton House Terrace, London SW1Y 5AN
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

NEWS RELEASE

17 March 2020

Anglo American secures future of Woodsmith polyhalite project

On 20 January 2020, the boards of Sirius Minerals Plc (Sirius), Anglo American plc (Anglo
American) and Anglo American Projects UK Limited (Bidco) announced that they had reached
agreement on the terms of a recommended cash acquisition of the entire issued and to be issued
ordinary share capital of Sirius by Bidco (the Acquisition), to be implemented by means of a
Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the Scheme).

The Court sanctioned the Scheme on 13 March 2020 and the Scheme became effective this
morning, 17 March 2020. Anglo American, through its wholly owned subsidiary Anglo American
Projects UK Limited, has now completed the Acquisition of Sirius and its Woodsmith Project in
the UK.

Mark Cutifani, Chief Executive of Anglo American, said: “Today marks a new chapter for the
Woodsmith Project, the employees of the business and everyone who has an interest in its future.
This is a project with clear potential as a Tier 1 supplier of premium quality, low carbon fertiliser
to help meet food demand for a fast growing global population.

“Anglo American brings greater certainty to the business and the development of the Woodsmith
Project, building upon our long experience in the global fertiliser market covering most of the last
50 years. The project itself offers the prospect of sustained employment and economic stimulus
for North Yorkshire and Teesside for many decades to come and, when the mine is ramped up,
a boost in exports to benefit the wider British economy.

“The team has done a remarkable job, designing the mining operation to have minimal physical
impact on its natural surroundings as well as progressing both its development and the market
for POLY4 to where they are today. We share a vision of working towards a smarter future for
mining – a safer future with a smaller environmental footprint to ensure that we can supply the
essential metals and minerals the world needs, and do so sustainably. The Woodsmith Project
exemplifies this approach.

“We recognise the role the project will continue to play in its local communities and, as promised,
I am pleased to confirm that we are today transferring £1 million into the project’s charitable
foundation. The foundation supports so many good local causes, including education and skills
training, community sports clubs and broader local regeneration. We intend to contribute further
amounts of £1 million on this date for each of the next three years, prior to the foundation
receiving a substantial royalty income when the mine begins production.”

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                                          Robert Greenberg
marcelo.esquivel@angloamerican.com                        robert.greenberg@angloamerican.com
Tel: +44 (0)20 7968 8891                                  Tel: +44 (0)20 7968 2124

Katie Ryall                                               Emma Waterworth
katie.ryall@angloamerican.com                             emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8935                                  Tel: +44 (0)20 7968 8574

South Africa
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592

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

Notes to editors:
The Woodsmith Project is a mine and associated infrastructure that is in development in North
Yorkshire and Teesside, in the northeast of England. It is a potential Tier 1 mining asset, in terms
of scale, resource life, operating cost profile and the nature and quality of its fertiliser product.
The project includes the world’s currently largest known high-grade polyhalite deposit with a
reported Reserve of 290 million tonnes, a grade of 88.8% and a Resource of 2.69 billion tonnes.
The mine infrastructure has been designed to be sympathetic to its natural surroundings and for
the mining and underground transport of the polyhalite to the Materials Handling Facility on
Teesside to cause minimal surface impact.

The Woodsmith Project will produce POLY4, a premium quality, multi-nutrient fertiliser certified
for organic use that contains four of the six key nutrients necessary for plant growth: potassium,
sulphur, magnesium and calcium. It can be used as an attractive low-chloride alternative to (and
for blending with) traditional fertiliser products on a cost-effective basis and is particularly valuable
for major high value crops, such as tea, coffee, beans, potatoes, and many fruits and vegetables.

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 mining
operations and undeveloped resources provides the metals and minerals that enable a cleaner,
greener, more sustainable world and that meet the fast growing consumer-driven demands of
the world’s developed and maturing economies. With our people at the heart of our business, we
use innovative practices and the latest technologies to discover new resources and mine, process,
move and market our products to our customers around the world – safely, responsibly and
sustainably.
As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron
ore, coal and nickel – we are the custodians of what are precious natural resources. We work
together with our business partners and diverse stakeholders to unlock the sustainable value that
those resources represent for our shareholders, the communities and countries in which we
operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s
lives.

www.angloamerican.com

Legal Entity Identifier: 549300S9XF92D1X8ME43

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)

Date: 17-03-2020 10:05:00
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