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Statement regarding possible offer for Anglo American by BHP

25 April, 2024

The Board of Anglo American Platinum notes the announcement made on 24 April 2024 by Anglo American plc (“Anglo American”) regarding the receipt by Anglo American of a non-binding proposal from BHP Group Limited (“BHP”). A copy of the announcement by Anglo American can be accessed on the Anglo American website at: https://www.angloamerican.com/investors/regulatory-news.

The Board notes the proposal by BHP comprises an all-share offer for Anglo American, that would be preceded by separate demergers by Anglo American of its entire shareholdings in Kumba Iron Ore Limited and Anglo American Platinum to Anglo American shareholders. The two parts of the proposal would be inter-conditional.

We note that the Board of Anglo American is currently reviewing the proposal with its advisors. Further announcements may be made as and when appropriate.

We note that there can be no certainty that any offer will be made by BHP for Anglo American nor as to the terms on which any such offer might be made, including the condition to demerge Anglo American Platinum.

Sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities


For further information, please contact:

 
Investors Media
Theto Maake
[email protected]
Tel: (SA) +27 (0)83 489 5215
Keitumetse Masike
keitumetse.masike @angloamerican.com
Tel: (SA) +27 (0) 66 484 0227
[email protected]  
Marcela Grochowina
[email protected]
Tel: (SA) +27 (0) 82 400 3222
[email protected]  

Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is a leading primary producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting, and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum is committed to the highest standards of safety and continues to make a meaningful and sustainable difference in the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is a leading global mining company, and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers – safely and sustainably.

As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore and steelmaking coal – with crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people’s lives.

www.angloamerican.com