Project Milky Way Presentation Announcement

14 October 2021

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

INVESTOR PRESENTATION: SOUTH32 TO ACQUIRE A
45% INTEREST IN THE SIERRA GORDA COPPER MINE

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to advise that the following presentation has today been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism:

·      South32 Limited - South32 to acquire a 45% interest in the Sierra Gorda Copper Mine

South32 held a conference call at 8:00am Australian Western Standard Time to provide an overview of the Transaction including Q&A. The conference call recording will be available on the South32 website (https://www.south32.net/investors-media/investor-centre/presentations-reports-speeches).

Separately a video presentation by South32 Chief Executive Officer, Graham Kerr, is available on the South32 website (https://www.south32.net/investors-media/investor-centre/presentations-reports-speeches).

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
14 October 2021