2 January 2026

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

TOTAL VOTING RIGHTS AND ISSUED CAPITAL

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32 or 'the Company') advises in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1, that as of 31 December 2025 the:

·      Company's issued share capital consists of 4,486,485,738 Ordinary shares, each with one vote

·      Company does not hold any shares in Treasury

The above figure of 4,486,485,738 may be used by shareholders as the denominator for the calculation by which they can determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Financial Conduct Authority Disclosure Guidance and Transparency Rules.

About us

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 minerals and metals critical to the world's energy transition from operations across the Americas, Australia and Southern Africa and we are discovering and responsibly developing our next generation of mines. We aspire to leave a positive legacy and build meaningful relationships with our partners and communities to create brighter futures together.

Further information on South32 can be found at www.south32.net.

JSE Sponsor: The Standard Bank of South Africa Limited
2 January 2026