Disclaimer Page

IMPORTANT NOTICE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN OR AT ANY ADDRESS IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THE ATTACHED OFFER TO PURCHASE.

IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached offer to purchase (the “Offer to Purchase”) and you are therefore advised to read these disclaimer pages carefully before reading, accessing or making any other use of the Offer to Purchase. By reading, accessing or making any other use of the Offer to Purchase, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from Anglo American Capital plc (the “Company”), Anglo American plc (the “Parent Company”), BMO Capital Markets Corp., Crédit Agricole Corporate and Investment Bank, Merrill Lynch International, RBC Capital Markets, LLC and RBC Europe Limited (together, the “Dealer Managers”) or D.F. King & Co., Inc. (the “Information and Tender Agent”) in respect of the relevant series of Notes (as defined below).

THE OFFER TO PURCHASE SHOULD NOT BE FORWARDED OR DISTRIBUTED BY THE RECIPIENT TO ANY OTHER PERSON AND SHOULD NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. THE OFFER TO PURCHASE MAY ONLY BE DISTRIBUTED TO PERSONS TO WHOM IT IS LAWFUL TO SEND THE OFFER TO PURCHASE. ANY SUCH FORWARDING OR DISTRIBUTION OR ANY REPRODUCTION OF THE OFFER TO PURCHASE, IN WHOLE OR IN PART, IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS RESTRICTION MAY RESULT IN A VIOLATION OF THE APPLICABLE LAWS AND REGULATIONS OF CERTAIN JURISDICTIONS.

Confirmation of your representations: The Offer to Purchase contains an invitation by the Company to eligible holders of its outstanding (i) $650,000,000 4.000% Senior Notes due September 2027 guaranteed by Anglo American plc (ISIN: US034863AT77 (Rule 144A) / USG0446NAN42 (Reg S)) (the “September 2027 Dollar Notes”); (ii) $700,000,000 4.750% Senior Notes due April 2027 guaranteed by Anglo American plc (ISIN: US034863AR12 (Rule 144A) / USG0446NAL85 (Reg S)) (the “April 2027 Dollar Notes”); (iii) $500,000,000 2.250% Senior Notes due March 2028 guaranteed by Anglo American plc (ISIN: US034863AZ38 (Rule 144A) / USG0446NAU84 (Reg S)) (the “2.250% March 2028 Dollar Notes”); (iv) $650,000,000 4.500% Senior Notes due March 2028 guaranteed by Anglo American plc (ISIN: US034863AU41 (Rule 144A) / USG0446NAP99 (Reg S)) (the “4.500% March 2028 Dollar Notes” and, together with the September 2027 Dollar Notes, the April 2027 Dollar Notes and the 2.250% March 2028 Dollar Notes, the “Dollar Notes”); and (v) €500,000,000 4.500 per cent. Guaranteed Notes due September 2028 guaranteed by Anglo American plc (ISIN: XS2598746290) (the “September 2028 Euro Notes”); and (vi) €500,000,000 3.750 per cent. Guaranteed Notes due June 2029 guaranteed by Anglo American plc (ISIN: XS2779881601) (the “June 2029 Euro Notes” and, together with the September 2028 Euro Notes, the “Euro Notes”) (the Dollar Notes together with the Euro Notes being the “Notes”, and the eligible holders of any Notes, the “Holders”) to offer to tender such Notes for purchase by the Company for cash, subject to the Pool Maximum Tender Amounts and the Acceptance Priority Levels (each as defined in the Offer to Purchase), and in each case at a price calculated in accordance with the Offer to Purchase and on the terms and subject to the conditions set out in the Offer to Purchase. Capitalised terms used but not otherwise defined in this disclaimer shall have the meaning given to them in the Offer to Purchase.

The Offer to Purchase was sent to you at your request and by that request and by reading, accessing or otherwise making any other use of the Offer to Purchase you shall be deemed to have represented to the Company, the Parent Company, the Dealer Managers and their respective affiliates and the Information and Tender Agent that:

(i)            you are a holder or a beneficial owner of Notes;

(ii)          you have not received or sent the Offer to Purchase or any other document or material relating to the Offers (as defined in the Offer to Purchase) in, into or from any jurisdiction where such actions may constitute (or result in the Offers constituting) a breach of any legal or regulatory requirements and you have not otherwise used and will not otherwise use, in connection with the Offers, directly or indirectly, the mails, or any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email or other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of, such jurisdiction;

(iii)        you hold Notes directly or indirectly through one of the Clearing Systems;

(iv)         you are a person to whom it is lawful under any applicable laws to send the Offer to Purchase or to make an invitation pursuant to the Offers in accordance with applicable laws;

(v)           you consent to the delivery of the Offer to Purchase to you by electronic transmission; and

(vi)         you are not, and are not directly or indirectly owned or controlled by, an individual or entity that is the subject of or targeted by, any trade, economic or military sanctions issued, administered or enforced against any nation, individual or entity by the United States Government (including the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State or the U.S. Department of Commerce) or any sanctions or measures imposed by the United Nations Security Council, the European Union, His Majesty’s Treasury or any other relevant sanctions authority, or any orders or licenses publicly issued under the authority of any of the foregoing (collectively, “Sanctions”), and you have not been engaged in any transaction, activity or conduct that is in violation of Sanctions.

The Offer to Purchase has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of transmission and consequently none of the Company, the Parent Company, the Dealer Managers or the Information and Tender Agent or any person who controls, or is a director, officer, employee, affiliate or agent, of any of them, or any affiliate of any such person, accepts any liability or responsibility whatsoever in this respect.

You are reminded that the Offer to Purchase has been delivered to you on the basis that you are a person into whose possession the Offer to Purchase may lawfully be delivered in accordance with the laws of the jurisdiction in which you are located or reside and you may not, nor are you authorised to, forward or otherwise send or distribute the Offer to Purchase (in whole or in part) to any other person. If you are not the named addressee to which the Offer to Purchase has been delivered, please notify the sender immediately and destroy the Offer to Purchase. If you have recently sold or otherwise transferred your entire holding(s) of Notes, you should inform the Information and Tender Agent immediately.

No materials relating to the Offers constitute, nor may be used in connection with, any form of offer or solicitation in any place where such offers or solicitations are not permitted by law. If a jurisdiction requires that an Offer be made by a licensed broker or dealer and any of the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in that jurisdiction, such Offer shall be deemed to be made by such Dealer Manager or affiliate, as the case may be, on behalf of the Company in such jurisdiction.

The communication of the Offer to Purchase and any other documents or materials relating to the Offers is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom, and are only for circulation to persons to whom they can lawfully be circulated outside the United Kingdom or to persons within the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”)), or within Article 43(2) of the Order, or within Article 49(2)(a) to (d) of the Order, or to other persons to whom it may lawfully be communicated in accordance with the Order (such persons together being the “Relevant Persons”). The Offer to Purchase is only available to Relevant Persons and the transaction contemplated therein will be available only to, or engaged in only with, Relevant Persons, and the financial promotion must not be relied or acted upon by persons other than Relevant Persons.

Restrictions: Nothing in this electronic transmission constitutes an offer to buy or the solicitation of an offer to sell securities in any jurisdiction in which such offer or solicitation would be unlawful.

In order to be eligible to view the Offer to Purchase or make an investment decision with respect to the Offer(s), you must be able to participate lawfully in the Offer(s).

THE DISTRIBUTION OF THE OFFER TO PURCHASE IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. PERSONS INTO WHOSE POSSESSION THE OFFER TO PURCHASE COMES ARE REQUIRED BY THE COMPANY, THE PARENT COMPANY, THE DEALER MANAGERS AND THE INFORMATION AND TENDER AGENT TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS.