Payments to Governments Report 2025

28 August 2025

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 2025

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that its 2025 Tax Transparency and Payments to Governments Report, along with its 2025 Tax Transparency Databook, 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 the report and databook 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/annual-reporting-suite.

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 28 August 2025