RNS Number : 4937Z

Anglo American PLC

14 September 2022

14 September 2022 
Anglo American launches EUR745 million sustainability-linked 

Anglo American plc ("Anglo American" or the "company") has today issued its first sustainability-linked bond, including performance targets to reduce greenhouse gas emissions and fresh water abstraction, and to support job creation in host communities.

 Issuer:                  Anglo American Capital plc 
 Guarantor:               Anglo American plc 
 Security description:    4.75% Senior Sustainability-Linked 
                           Notes due 2032 
 Currency:                EUR 
 Principle amount:        745,000,000 
 Tenor:                   10 year 
 Maturity:                21 September 2032 

This EUR745 million bond is the first instrument issued following the publication of Anglo American's Sustainability Financing Framework and bond investors will be entitled to a higher final coupon payment should the company not meet these targets:

   -       Reduce absolute greenhouse gas emissions (Scopes 1 and 2) by 30% by 2030, compared to 2016 
   -       Reduce the abstraction of fresh water in water scarce areas by 50% by 2030 compared to 2015 
   -       Support 5 jobs off site for every job on site by 2030 

The financing mechanism will see a coupon increase of 40bps accruing from September 2031 for each of the selected KPIs that do not achieve its target or if the verification of the target being achieved has not been published.

Anglo American's Sustainability Financing Framework has been established in accordance with the Sustainability-Linked Bond Principles (SLBP) 2020 administered by ICMA (International Capital Market Association) and the Sustainability-Linked Loan Principles (SLLP) 2022 administered by the LMA (Loan Market Association). These are voluntary guidelines that outline best practices for financial instruments to incorporate forward-looking sustainability performance outcomes and promote the development and preserve the integrity of the sustainability-linked bond and loan markets.

Anglo American's Sustainability Financing Framework covers bonds, loans and other financing instruments and links the company's funding requirements to stretch goals set out in its Sustainable Mining Plan.

More details on Anglo American's Sustainability Financing Framework can be found on our website: https://www.angloamerican.com/investors/fixed-income-investors/slb-investor-downloads with details of Anglo American's Sustainable Mining Plan available at https://www.angloamerican.com/sustainability/our-sustainable-mining-plan

For further information, please contact:

 Media                                       Investors 
   UK                                          UK 
   James Wyatt-Tilby                           Paul Galloway 
   james.wyatt-tilby@angloamerican.com         paul.galloway@angloamerican.com 
   Tel: +44 (0)20 7968 8759                    Tel: +44 (0)20 7968 8718 
   Marcelo Esquivel                            Emma Waterworth 
   marcelo.esquivel@angloamerican.com          Emma.waterworth@angloamerican.com 
   Tel: +44 (0)20 7968 8891                    Tel: +44 (0) 20 7968 
   South Africa                                Michelle Jarman 
   Nevashnee Naicker                           michelle.jarman@angloamerican.com 
   nevashnee.naicker@angloamerican.com         Tel: +44 (0)20 7968 1494 
   Tel: +27 (0)11 638 3189 
   Sibusiso Tshabalala 
   Tel: +27 (0)11 638 2175 

Notes to editors:

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 diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and steelmaking coal, and nickel - 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.


Forward-looking statements:

This document includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, those regarding Anglo American's financial position, business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations (including development plans and objectives relating to Anglo American's products, production forecasts and Ore Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations, are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American's present and future business strategies and the environment in which Anglo American will operate in the future. Important factors that could cause Anglo American's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of global demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to produce and transport products profitably, the availability of transport infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American's assets and changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo American's most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its historical published earnings per share. Certain statistical and other information about Anglo American included in this document is sourced from publicly available third party sources. As such it has not been independently verified and presents the views of those third parties, but may not necessarily correspond to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43

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September 14, 2022 11:40 ET (15:40 GMT)

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