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NEWS RELEASE 24 October 2017

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NEWS RELEASE 24 October 2017 NEWS RELEASE 24 October 2017 Anglo American plc Production Report for the third quarter ended 30 September 2017 Anglo American reports a 6% increase in total production on a copper equivalent basis in the third quarter of 2017, compared to the same period of 2016. For the first nine months of the year, copper equivalent production has increased by 8%(1). Mark Cutifani, Anglo American Chief Executive, said: “We have delivered another strong production performance across our business. Grosvenor production has materially stepped-up as the new operating procedures have been implemented, while Gahcho Kué and Minas-Rio continue to make positive contributions. We have further increased production guidance at Kumba Iron Ore as we continue to improve our broader productivity performance. In Platinum, we have taken necessary steps to remove unprofitable ounces from production as we focus on value over volume.” Highlights At De Beers, stable trading conditions supported an increase in rough diamond production, driven principally by Debswana, and the ramp-up of Gahcho Kué. Copper production increased by 5% to 147,300 tonnes, reflecting strong mine extraction and higher associated grades. Production guidance for Platinum has been lowered to 2.30 – 2.35 million ounces following the closure of unprofitable production at Bokoni, which was placed on care and maintenance in the quarter. Production guidance at Kumba Iron Ore has been further increased to 42 – 44 million tonnes following the continuation of strong productivity performance at Sishen. Metallurgical coal production increased by 8% as Grosvenor delivered strong production through successful management of geological challenges and completion of its first longwall panel. Thermal coal production decreased by 15% due to operating challenges at Khwezela, a 100-hour safety stoppage across all the South African coal operations in August and weather related stoppages at Cerrejón. Production Summary % vs. Q3 % vs. YTD Q3 2017 Q3 2016 YTD 2017 YTD 2016 2016 2017 Diamonds (Mct)(2) 9.2 6.3 46% 25.3 19.6 29% Copper (t)(3)(4) 147,300 139,800 5% 430,700 430,500 - Platinum (produced ounces) (koz)(5) 621 619 - 1,810 1,772 2% Iron ore – Kumba (Mt) 11.5 11.8 (2)% 33.3 29.5 13% Iron ore – Minas-Rio (Mt)(6) 4.2 4.5 (6)% 12.8 11.3 14% Export metallurgical coal (Mt) 5.5 5.1 9% 14.7 14.1 5% Export thermal coal (Mt)(7) 6.3 7.4 (15)% 19.6 20.6 (5)% Nickel (t)(8) 11,200 11,300 (1)% 32,400 33,600 (4)% (1) Copper equivalent production is normalised for, Kimberley, Niobium & Phosphates, Foxleigh and Callide, and to reflect Snap Lake being placed on care and maintenance, and the closure of Drayton; (2) De Beers production on 100% basis except the Gahcho Kué joint venture which is on an attributable 51% basis; (3) Copper production from the Copper business unit; (4) Copper production shown on a contained metal basis; (5) Reflects own mine production and purchases of metal in concentrate; (6) Wet basis; (7) Export thermal coal includes export primary production from South Africa and Colombia, and excludes secondary South African production that may be sold into either the export or domestic markets; (8) Nickel production from the Nickel business unit. DE BEERS Q3 2017 Q3 2017 YTD 2017 Q3 Q3 Q2 YTD YTD Diamonds(1) vs. vs. vs. 2017 2016 2017 2017 2016 Q3 2016 Q2 2017 YTD 2016 Debswana 000 carats 6,056 4,549 33% 5,933 2% 17,180 15,061 14% Namdeb 000 carats Holdings 454 405 12% 391 16% 1,317 1,145 15% DBCM 000 carats 1,548 1,094 41% 1,405 10% 4,059 2,847 43% De Beers 000 carats Canada 1,120 225 398% 1,013 11% 2,764 534 418% Total carats 000 carats recovered 9,178 6,273 46% 8,742 5% 25,320 19,587 29% De Beers – Rough diamond production increased by 46% to 9.2 million carats in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the ramp-up of Gahcho Kué in Canada. Debswana (Botswana) production increased by 33% to 6.1 million carats. Orapa’s production increased by 60% mainly driven by the ramp-up of Plant 1, which was previously on partial care and maintenance in response to trading conditions in late 2015. Jwaneng’s production increased by 23% as a result of planned increases in feed to plant. Namdeb Holdings (Namibia) production increased by 12% to 0.5 million carats primarily as a result of higher mining rates from Debmarine Namibia’s Mafuta vessel. DBCM (South Africa) production increased by 41% to 1.5 million carats largely as a result of higher grades at Venetia. Production in Canada increased five-fold to 1.1 million carats due to the ramp-up of Gahcho Kué which reached nameplate capacity in Q2 2017. Consolidated rough diamond sales volumes(2) in Q3 2017 were 6.5 million carats (6.9 million carats on a total 100% basis) from two Sights, compared with 5.3 million carats (5.7 million carats on a total 100% basis) from two Sights in Q3 2016. The increase was driven by a normalisation of demand for lower value goods in 2017. Full Year Guidance Full year production guidance(1) has been revised to ~33 million carats (previously 31 – 33 million carats). (1) De Beers production is on a 100% basis, except for the Gahcho Kué joint venture which is on an attributable 51% basis. (2) Consolidated sales volume excludes De Beers’ JV partners’ 50% proportionate share of sales to entities outside the De Beers Group of Companies from the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, and includes pre-commercial production sales volumes from Gahcho Kué. 2 YTD Q3 2017 Q3 2017 2017 YTD YTD De Beers Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 vs. vs. vs. 2017 2016 Q2 2017 Q3 2016 YTD 2016 Carats recovered (000 carats) 100% basis (unless otherwise stated) Orapa 2,458 2,918 2,106 2,366 1,536 (16)% 60% 7,482 5,565 34% Letlhakane 121 102 130 135 176 19% (31)% 353 460 (23)% Jwaneng 3,477 2,913 2,955 2,939 2,837 19% 23% 9,345 9,036 3% Debswana 6,056 5,933 5,191 5,440 4,549 2% 33% 17,180 15,061 14% Namdeb 101 72 94 118 120 40% (16)% 267 286 (7%) Debmarine Namibia 353 319 378 310 285 11% 24% 1,050 859 22% Namdeb Holdings 454 391 472 428 405 16% 12% 1,317 1,145 15% Kimberley(1) - - - - -- - - 68 - Venetia 1,401 1,239 939 1,218 898 13% 56% 3,579 2,299 56% Voorspoed 147 166 167 169 196 (11)% (25)% 480 480 - DBCM 1,548 1,405 1,106 1,387 1,094 10% 41% 4,059 2,847 43% Snap Lake(1) - - - - -- - - 3 - Victor 190 182 189 148 142 4% 34% 561 448 25% Gahcho Kué 930 831 442 349 83 12% nm 2,203 83 nm (51% basis) De Beers Canada 1,120 1,013 631 497 225 11% nm 2,764 534 nm Total carats recovered 9,178 8,742 7,400 7,752 6,273 5% 46% 25,320 19,587 29% Sales volumes Total sales volume 6.9 5.9 14.1 8.0 5.7 17% 21% 26.9 24.0 12% (100%) (Mct)(2) Consolidated sales volume 6.5 5.4 13.7 7.5 5.3 20% 23% 25.6 22.6 13% (Mct)(2)(3) Number of Sights 2 2 3 3 2 7 7 (sales cycles) (1) Kimberley mines was sold in January 2016. Snap Lake was placed on extended care and maintenance from December 2015. (2) Consolidated sales volumes exclude De Beers’ JV partners’ 50% proportionate share of sales to entities outside the De Beers Group of Companies from the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, which are included in total sales volume (100% basis). (3) Consolidated sales volume includes pre-commercial production sales volumes from Gahcho Kué. Excluding Gahcho Kué’s capitalised pre-commercial production sales volumes results in a consolidated sales volume of 24.9 Mct for September 2017 YTD. 3 COPPER Q3 2017 Q3 2017 YTD 2017 YTD Copper(1) Q3 2017 Q3 2016 Q2 2017 YTD 2017 vs. vs. vs. 2016 YTD 2016 Q3 2016 Q2 2017 Los Bronces t 78,100 72,100 8% 79,000 (1)% 232,900 232,900 - Collahuasi (44% share) t 58,300 57,000 2% 51,000 14% 167,000 164,300 2% El Soldado t 10,900 10,700 2% 10,800 1% 30,800 33,300 (8)% Total Copper t 147,300 139,800 5% 140,800 5% 430,700 430,500 - (1) Copper production shown on a contained metal basis. Copper - Production increased by 5% to 147,300 tonnes. Production from Los Bronces increased by 8% to 78,100 tonnes. Higher ore grades (0.69% vs 0.65%) were partially offset by the impact of a ball mill stator failure at the processing plant, reducing throughput. Repairs are to be completed in Q4 2017. Q3 2016 production was impacted by seven days of strike action. At Collahuasi, attributable production increased marginally to 58,300 tonnes driven by improvements in plant performance following the completion of planned maintenance in Q2 2017. The next major maintenance, to replace the stator motor on one of the two ball mills in Line 3 (Line 3 being ~60% of production), is planned for H1 2018.
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