SOUTH32 LIMITED - Sierra gorda transaction update

Sierra gorda transaction update

South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net
25 November 2021

                                                      SIERRA GORDA TRANSACTION UPDATE

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that KGHM Polska Miedz (KGHM) has not exercised its pre-
emptive      rights    to    increase      its   shareholding      in     the    Sierra    Gorda     copper  mine    in    Chile
(Sierra Gorda). On 14 October 2021 we announced we had entered into binding conditional agreements with Sumitomo Metal Mining
and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in Sierra Gorda (the Transaction)1. Completion of the
transaction is expected in early calendar year 2022 subject to the satisfaction of the remaining conditions.

About us

South32 is a globally diversified mining and metals company. Our purpose is to make a difference by developing natural resources,
improving people’s lives now and for generations to come. We are trusted by our owners and partners to realise the potential of
their resources. We produce bauxite, alumina, aluminium, metallurgical coal, manganese, nickel, silver, lead and zinc at our
operations in Australia, Southern Africa and South America. With a focus on growing our base metals exposure, we also have two
development options in North America and several partnerships with junior explorers around the world.



     Investor Relations
     Alex Volante                                                                      Tom Gallop
     T      +61 8 9324 9029                                                            T     +61 8 9324 9030
     M      +61 403 328 408                                                            M     +61 439 353 948
     E      Alex.Volante@south32.net                                                   E     Tom.Gallop@south32.net



     Media Relations
     Miles Godfrey                                                                     Jenny White
     M      +61 415 325 906                                                            T     +44 20 7798 1773
     E      Miles.Godfrey@south32.net                                                  M     +44 7900 046 758
                                                                                       E     Jenny.White@south32.net

Further information on South32 can be found at www.south32.net.

Approved for release by Graham Kerr, Chief Executive Officer
JSE Sponsor: UBS South Africa (Pty) Ltd
25 November 2021




1   Refer to market release “South32 to acquire a 45% interest in the Sierra Gorda copper mine” dated 14 October 2021.


Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia

Date: 25-11-2021 08:30:00
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