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Source: Anglo American internal analysis, based on sector outlooks in Wood Mackenzie’s 1.5 Degree Scenario, March 2022.\n2. Source: Wood Mackenzie, Global Strategic Planning Outlook, March 2022, Base Case Outlook.\n3. Real 2022 terms. Source: Wood Mackenzie.\n4. Real 2022 terms. Source: Morgan Stanley.\n5. Risk-adjusted incentive price for new copper projects required. Source: Anglo American internal analysis.\n6. Operational carbon neutrality refers to scope 1 and 2 greenhouse gas emissions from current operations only. Goal and guidance as announced on 7 May 2020.\n7. Scope 3 reduction ambition refers to a 50% reduction by 2040 against a 2020 baseline.\n8. Water abstraction target refers to a 50% net reduction in fresh water withdrawal in water scarce areas by 2030 against a 2015 baseline.\n9. Attributable share of capex and production volumes.\n10. 100% basis. 300kt average annual production over first ten years.\n11. Refer to the 2021 Anglo American plc Ore Reserves and Mineral Resources Report for more details. ‘Life’ refers to ‘Reserve Life’. ‘Resource’ refers to ‘Mineral Resource’.\n12. Average over first five years. Nominal basis. Includes by-product credits.\n13. Copper equivalent production is calculated using long-term consensus parameters. Future production levels are indicative and include growth options that are not yet approved.\n14. Attributable capital employed basis as at 31 December 2021.\n15. EBITDA is on an underlying basis (before special items and remeasurements adjusted to include the Group’s attributable share of associates’ and joint ventures’ results).\n16. 40% payout of underlying earnings. Underlying earnings is profit/(loss) for the financial year attributable to equity shareholders of the Company before special items and remeasurements.\n17. Cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and equipment and includes direct funding for capital expenditure from non-controlling interests. Excludes capitalised operating cash flows. Consequently, for Quellaveco, reflects attributable share of capex.\n18. Assumes long-term consensus commodity prices. Margin represents the Group’s underlying EBITDA margin for the mining business, which is before special items and remeasurements and adjusted to include the Group’s attributable share of associates’ and joint ventures’ results. 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