9 September 2022

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

SOUTH32 PAYMENTS TO GOVERNMENTS REPORT 2022

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that its 2022 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rule (DTR) 4.3A, has been uploaded to the National Storage Mechanism and will shortly be available for inspection.

A copy of this report can be found on the National Storage Mechanism in unedited full text 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. Our Report is more comprehensive than the mandatory filing and includes a complete list of all payments made by South32 to governments, information about our tax strategy and governance, international related party dealings and other disclosures.

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 commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from 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.