APPENDIX 4E For the year ended 30 June 2020 This information should be read in conjunction with Fortescue’s Annual Report, for the year ended 30 June 2020. Name of entity Fortescue Metals Group Ltd ABN 57 002 594 872 Results for announcement to the market US$ million Revenue from ordinary activities Up 29% to 12,820 Profit from ordinary activities after tax attributable to members Up 49% to 4,735 Net profit attributable to members Up 49% to 4,735 Amount Franked amount Dividends per security per security Financial year ended 30 June 2020: Interim – ordinary A$0.76 A$0.76 Final – ordinary A$1.00 A$1.00 Total dividends A$1.76 A$1.76 Previous corresponding period: Interim – ordinary and special A$0.30 A$0.30 Final – ordinary and accelerated A$0.84 A$0.84 Total dividends A$1.14 A$1.14 Ex-dividend date of final dividend 31 August 2020 Record date of final dividend 1 September 2020 Payment date of final dividend 2 October 2020 Dividend Reinvestment Plan Net tangible asset backing The Company operates a Dividend Reinvestment Plan (the Plan) which Net tangible asset backing per allows eligible shareholders to elect to invest dividends in ordinary shares ordinary shares: US$4.30 (previous which rank equally with the ordinary shares of the Company. The allocation corresponding period: US$3.44). of price for shares under the Plan will be calculated as the average of the daily volume weighted average market price of all Fortescue shares traded Previous corresponding period on the Australian Securities Exchange during the period of ten trading days The previous corresponding period is commencing on 3 September 2020. the 12 months ended 30 June 2019. The last date for receipt of applications to participate in or to cease or vary Audit participation in the Plan is by 5:00pm (WST) on 2 September 2020. The This report is based on financial Directors have determined that no discount shall apply to the allocation price statements which have been audited. and the Plan will not be underwritten. Shares to be allocated under the Plan will be acquired on market and transferred to participants on 1 October 2020. Commentary on results A broker will be engaged to assist in this process. for the period A commentary on the results for the period is contained within the Annual A copy of the Plan Rules is available at www.fmgl.com.au/Investors Report, including the Financial Report that accompany this announcement. FY20 Annual Report ABN 57 002 594 872 Global force | Thriving communities Contents 01 Overview 01 02 Operating and financial review 22 03 Ore Reserves and Mineral Resources 41 04 Our approach to sustainability 50 05 Corporate Governance 55 06 Our approach to climate change 58 07 Financial Report 63 08 Remuneration Report 117 09 Corporate Directory 155 Our Purpose Global force | Thriving communities Our Culture We are a values-based business with a strong, differentiated culture. We believe that by leveraging the unique culture of our greatest asset, our people, we will achieve our stretch targets. Our Values Safety Family Empowerment Frugality Stretch targets Courage and Generating Integrity Enthusiasm determination ideas Humility 2020 Year at a glance 2.4 178.2 mt Total Recordable Injury Shipped Frequency Rate US$ US$ 12.94/wmt 4.7bn C1 costs Net Profit After Tax US$ A$ bn 1 7. 2 bn 4. 9 Cash on hand Total global economic contribution Overview | Operating and financial review 01 Overview 4 Fortescue Metals Group Ltd Annual Report FY20 and financial review and financial Overview | Chairman's Dr Andrew Forrest AO Operating message Mineral Resources Mineral ReservesOre and High capital and high yield growth – it is incredibly rare for a company, let alone one sustainability to approach Our operating in the resources sector, to occupy both spaces. The fact that Fortescue has successfully done so is thanks to the values we hold as a family globally – our character, GovernanceCorporate to approach Our determination, humility, innovation, enthusiasm, frugality and commitment. From Argentina to Port Hedland, the it is very clear that artificial essential fabric of Western Australia change climate feedback is consistent: members intelligence, including autonomy, will and which is a strong contributor to of the Fortescue Family revere undoubtedly be one of the greatest the economies of our state and our the privilege of their careers and industrial revolutions in history. nation. love working with each other. It is Fortescue is leading by example this rare mix that achieves what and our Board and leadership Fortescue is committed to others dismiss as unrealistic or understands the deep challenges community and environmental too hard. Our culture engenders and opportunities, for Fortescue responsibility including contributing to local prosperity, social equality, the high performance that is now and for humanity, that these ReportFinancial part of Fortescue’s DNA, as we technologies bring. and carbon neutrality. We believe lead the world in our exploration, carbon neutrality must be achieved development, project execution and This year, we welcomed Dr Ya-Qin as soon as possible and we are operational capability. Zhang to our Board. Dr Zhang’s aggressively investing in practical knowledge and experience in the initiatives that reduce or eliminate In the last twelve months, we have areas of autonomy, technology and emissions, such as solar, wind and completed our journey to develop innovation will be highly valuable as hydrogen energy. a vertically integrated supply chain, we successfully navigate this time As we focus on the future, we will all the way from exploration to the of rapid technology advancement. Report Remuneration world’s steel industries. Fortescue’s Ms Sharon Warburton retired, never lose sight of where we have assets and infrastructure rival the serving through a high growth and come from and the friendships best in the world, and, along with our challenging period for Fortescue. we have built along the way. strongly innovative and collegiate We thank Sharon for her service and Fortescue continues to have strong culture, ensure that we will not only contribution. relationships, with our customers solve the new challenges the world in Asia. We work tirelessly with is throwing at us, but also become Our Board brings a diversity of our partner countries to keep a better and stronger company thought, experience and expertise standards high. From developing because of them. to the table that drives our business technologies, to the blue economy Directory Corporate to set and deliver the challenging and the transitioning energy sector, We are now entering a period in stretch targets that define us. our connections allow us to share which our world is changing at a Together, we oversee a company ideas, perspectives and knowledge pace that is unprecedented in global that directly and indirectly employs and underpin Fortescue’s history. Against this backdrop, 14,000 people, that is part of the outperformance. Fortescue Metals Group Ltd Annual Report FY20 5 Overview | Operating and financial review The success of our company is Fire Fund, our belief that “we all have Fortescue management, led by Chief in delivering enhanced returns to to look out for each other” has never Executive Officer Elizabeth Gaines, our shareholders. We are in this been stronger. Deputy Chief Executive Officer Julie privileged position thanks to the Shuttleworth, Chief Operating Officer Fortescue Family. It’s through the We are also expanding the existing Greg Lilleyman and Chief Financial outstanding performance, hard work of Minderoo Foundation and its Officer Ian Wells, have delivered work and dedication of everyone at efforts to: an outstanding year, all the more Fortescue that Minderoo Foundation • Fight cancer, particularly outstanding given the leadership has been funded, largely through childhood cancer, through required to successfully adapt our the dividends it has received from research collaboration; operations in response to COVID-19. Fortescue, to support a wide range of • Maximise early childhood Fortescue has an extremely philanthropic initiatives in Australia development from conception to and across the world for the benefit the age of five; hard-working culture of family, of all Australians. inclusiveness, energy, commitment, • Restore ocean health by determination and trust and it is this This year, Nicola and I announced eliminating plastic waste and culture that continues to drive our an additional personal donation eradicating overfishing; success. So therefore, I deeply thank of A$520 million to Minderoo • Build strong communities through our team, everyone who joined the Foundation, bringing our total arts, culture and community company this year, through to those donations to the Foundation’s causes, programs; who have been with us from the both here and abroad, to over A$2 • Bring meaningful accountability outset. To you all, be assured we are billion. During FY20, we continued and governance to frontier still, to this very day, pioneers together, to accumulate Fortescue shares technologies; just as we were when we started this and the majority of the Foundation’s • Eliminate modern slavery and company only 17 years ago. support goes to the critical issues human rights abuses, particularly The new frontiers and steep that challenge our fellow Australians. against children; Uniquely, we take pride in targeting challenges we faced then, are just as • Create parity with and for the most intractable problems – the great today. But with the strength of Indigenous Australians including the Fortescue Family with us, we share ones that require immense teamwork early childhood programs and between government, business, civil the belief that if we can imagine a pathways to training, employment better future, we can achieve it. society and philanthropy. and business ownership; As Minderoo responded to COVID-19 • Provide PhD and postdoctoral with the procurement of desperately scholarships to the brightest needed medical supplies and researchers from around the world established the Minderoo Foundation and attract them to live and work in Australia.