9 September 2021

SOUTH32 PAYMENTS TO GOVERNMENTS REPORT 2021

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that its 2021 Tax Transparency and Payments to Governments Report, which includes information on total payments made by country and level of government and total payments to government by project as required by the UK's Reports on Payments to Governments Regulation 2014 (as amended in December 2015), has been submitted to the National Storage Mechanism and will shortly be available for inspection. The UK Regulations enact domestic rules in line with Chapter 10 of the EU Accounting Directive. The report also satisfies the requirements of Rule 4.3A of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the UK.

A copy of this report can be found on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on South32's website at https://www.south32.net/investors-media/investor-centre/annual-reporting-suite.

Publishing our annual Tax Transparency and Payments to Governments Report allows us to demonstrate that our tax affairs are conducted in accordance with our purpose, values and commitment to ethical business practices.

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.

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
9 September 2021