TR-1: Standard form for notification of major holdings Anglo American plc 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 (the “Company”) The Company has received the notifications below in respect of the acquisition of 102,183,792 shares in the Company by Volcan Holdings II plc, increasing the combined total interest in the Company shares by Volcan Holdings II plc, Conclave PTC Limited and Volcan Investments Limited to 19.35%. TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Anglo American plc attachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation iv Conclave PTC Limited Name Volcan Investments Limited In respect of Conclave PTC Limited, Nassau, Bahamas. City and country of registered office (if applicable) In respect of Volcan Investments Limited, Abaco, Bahamas 4. Full name of shareholder(s) (if different from 3.) v Name Volcan Holdings PLC & Volcan Holdings II PLC City and country of registered office (if applicable) Limassol, Cyprus 5. Date on which the threshold was crossed or 10 October 2017 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 12/10/2017 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of through financial in- Total of both in % attached to shares voting rights of struments (8.A + 8.B) (total of 8. A) issuervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which threshold was 19.35 per cent. 0 per cent. 19.35 per cent. 1,404,606,799 crossed or reached Position of previous notification (if 12.08 per cent. 0 per cent. 12.08 per cent. applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached v iii A: Voting rights attached to shares Class/type of Number of voting rights ix % of voting rights shares ISIN code (if possible) Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) GB00B1XZS820 0 271,802,858 0 19.35 per cent. SUBTOTAL 8. A 271,802,858 19.35 per cent. B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if % of voting rights instrument date x Conversion Period xi the instrument is exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Physical or Type of financial Expiration Number of Conversion cash % of voting rights instrument date x voting rights Period xi settlement xii SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv X (please add additional rows as necessary) % of voting rights % of voting rights if it Total of both if it through financial in- equals or is higher equals or is higher Name xv struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold Conclave PTC Limited (Bahamas) – 100 per cent. voting shares held 19.35 per cent. 0 per cent. 19.35 per cent. in Volcan Investments Limited Volcan Investments Limited (Bahamas) - 99.97 per cent. voting shares and 0.03 per 19.35 per cent. 0 per cent. 19.35 per cent. cent. held via nominee companies in Volcan Holdings PLC Volcan Holdings PLC 11.44 per cent. 0 per cent. 11.44 per cent. (Cyprus) Conclave PTC Limited (Bahamas) – 100 per cent. voting shares held 19.35 per cent. 0 per cent. 19.35 per cent. in Volcan Investments Limited Volcan Investments Limited (Bahamas) - 99.97 per cent. voting shares and 0.03 per 19.35 per cent. 0 per cent. 19.35 per cent. cent. held via nominee companies in Volcan Holdings II PLC Volcan Holdings II PLC 7.91 per cent. 0 per cent. 7.91 per cent. (Cyprus) 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi Place of completion Bahamas Date of completion 12 October 2017 TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Anglo American plc attachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Volcan Holdings II plc City and country of registered office (if applicable) Limassol, Cyprus 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 10 October 2017 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 12/10/2017 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of through financial in- Total of both in % attached to shares voting rights of struments (8.A + 8.B) (total of 8. A) issuervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which threshold was 7.91 per cent. 0 per cent. 7.91 per cent. 1,404,606,799 crossed or reached Position of previous notification (if N/A N/A N/A applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii A: Voting rights attached to shares Class/type of Number of voting rights ix % of voting rights shares ISIN code (if possible) Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) GB00B1XZS820 111,117,696 0 7.91 per cent. 0 SUBTOTAL 8. A 111,117,696 7.91 per cent. B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if % of voting rights instrument date x Conversion Period xi the instrument is exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Physical or Type of financial Expiration Number of Conversion cash % of voting rights instrument date x voting rights Period xi settlementxii SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv X (please add additional rows as necessary) % of voting rights % of voting rights if it Total of both if it through financial in- equals or is higher equals or is higher Name xv struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold Conclave PTC Limited (Bahamas) – 100 per cent. voting shares held 19.35 per cent. 0 per cent. 19.35 per cent. in Volcan Investments Limited Volcan Investments Limited (Bahamas) - 99.97 per cent. voting shares and 0.03 per 19.35 per cent. 0 per cent. 19.35 per cent. cent. held via nominee companies in Volcan Holdings PLC Volcan Holdings PLC 11.44 per cent. 0 per cent. 11.44 per cent. (Cyprus) Conclave PTC Limited (Bahamas) – 100 per cent. voting shares held 19.35 per cent. 0 per cent. 19.35 per cent. in Volcan Investments Limited Volcan Investments Limited (Bahamas) - 19.35 per cent. 0 per cent. 19.35 per cent. 99.97 per cent. voting shares and 0.03 per cent. held via nominee companies in Volcan Holdings II PLC Volcan Holdings II PLC 7.91 per cent. 0 per cent. 7.91 per cent. (Cyprus) 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi Place of completion Cyprus Date of completion 12 October 2017 John Mills Group Company Secretary Anglo American plc 13 October 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/10/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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