Anglo American Platinum Limited (Incorporated in the Republic of South Africa) (Registration number: 1946/022452/06) Share Code: AMS ISIN: ZAE000013181 (“The Company" or "Anglo American Platinum") 08 February 2024 Anglo American Platinum Limited PGMs Production Report for the fourth quarter ending 31 December 2023 Overview – Q4 2023 performance against prior period Q4 2022 • Safety performance – We delivered a solid safety performance with no work-related fatalities for the period at own-managed operations and Joint Operations. The Total Recordable Case Frequency Rate (TRCFR) improved, recording a further 16% reduction to 1.88 per million hours. • Total Platinum Group Metals (PGMs) production (expressed as 5E+Au metal-in-concentrate) decreased by 6% to 932,200 ounces. Total annual PGM production was 3,806,100 ounces. • Own-managed mines PGMs production decreased by 3% to 543,500 ounces mainly due to lower production at Amandelbult as a result of planned infrastructure closures and poor ground conditions at Dishaba Mine. The decrease at Amandelbult was partially offset by higher production from Unki and Mogalakwena. • Joint Operations PGM production (mined and purchase of concentrate) decreased by 47% to 104,400 ounces. The disposal of our 50% interest in Kroondal was completed and effective 1 November 2023, resulting in Kroondal production reported as third party purchase of concentrate (POC) arrangement going forward. • Purchase of PGM concentrate from third parties increased by 21% to 284,300 ounces, due to the inclusion of Kroondal production as 100% third party POC from 1 November 2023. • Refined PGMs production (owned production, excluding tolling) increased by 36% to 1,191,100 ounces, with refined production in the prior period (Q4 2022) impacted by the delay in recommissioning the Polokwane smelter. Total annual refined PGM production was 3,800,600 ounces. • PGMs sales volumes (from production, excluding sales from trading) increased by 32% to 1,166,200 ounces in line with higher refined production. • Guidance for 2024 - Metal-in-concentrate PGM production and refined production guidance is between 3.3-3.7 million ounces. Cash operating unit costs guidance is between R16,500-R17,500 per PGM ounce. Craig Miller, CEO of Anglo American Platinum, said: “Despite the challenging macro environment and the operational headwinds experienced throughout the year, I am pleased that we maintained a safe and stable operating performance in the last quarter, with a strong focus on operational resilience and zero harm. Total PGM production was 6% lower, as continued poor ground conditions and infrastructure closures at Amandelbult contributed to lower production. We also completed the disposal of our 50% interest in Kroondal effective 1 November 2023, resulting in Kroondal production reported as third party POC going forward. Looking ahead and in response to the prevailing weakness of the PGM basket price and persistent cost inflation, we reset our operational plans in December 2023 and are deploying a series of measures to improve our competitive position while preserving our long-term optionality. We are committed to safely delivering production with lower cost and capital requirements whilst deploying value over volume capital allocation discipline. These measures will allow us to capitalise on our industry leading portfolio for the long-term benefit of our stakeholders.” Anglo American Platinum Q4 2023 Q4 2023 2023 PGM Production Report - Q4 2023 Q4 Q3 Q2 Q1 Q4 vs vs FY FY vs 2023 2023 2023 2023 2022 Q4 2022 Q3 2023 2023 2022 2022 M&C PGM¹ production (000 ounce)² 932.2 1,029.6 943.1 901.2 990.4 (6)% (9)% 3,806.1 4,024.0 (5)% Own-managed mines 543.5 568.3 526.7 501.7 557.6 (3) % (4) % 2,140.2 2,260.7 (5) % Joint operations Modikwa owned volume 36.3 39.6 35.1 34.4 35.8 1 % (8) % 145.4 144.5 1 % Joint operations Kroondal owned volume3 15.9 57.9 50.9 49.9 63.2 (75) % (73) % 174.6 244.0 (28) % Joint operations total purchase of concentrate 52.2 97.5 86.0 84.3 99.0 (47) % (46) % 320.0 388.5 (18) % Third party purchase of concentrate3 284.3 266.3 244.4 230.9 234.8 21 % 7 % 1,025.9 986.3 4 % Refined PGM production owned (000 ounce)² 1,191.1 909.7 1,073.8 626.0 877.2 36 % 31 % 3,800.6 3,831.1 (1)% 4E Toll refined production 175.1 159.8 139.6 146.1 173.1 1 % 10 % 620.6 622.6 — % Total refined production (owned and toll) 1,366.2 1,069.5 1,213.4 772.1 1,050.3 30 % 28 % 4,421.2 4,453.7 (1) % PGM sales volume from production (000 ounce) 1,166.2 951.8 1,108.7 698.6 883.4 32 % 23 % 3,925.3 3,861.3 2% Trading sales volume4 1,050.3 1,220.9 1,153.0 912.2 789.6 33 % (14) % 4,336.4 1,849.9 134 % Total sales volume (production and trading) 2,216.5 2,172.7 2,261.7 1,610.8 1,673.0 32 % 2 % 8,261.7 5,711.2 45 % ¹ PGM is the sum total of platinum, palladium, rhodium, iridium, ruthenium and gold ounces. ² Referencing AAP guidance. 3 Kroondal was a 50% joint operation until 1 November 2023. Up until this date, the 50% equity share of production was presented under ‘Own mined’ production and the remaining 50% of production, that Anglo American Platinum purchased, was presented under ‘Purchase of concentrate'. Upon the disposal of our 50% interest, Kroondal transitioned to a 100% third-party POC arrangement, whereby 100% of production will be presented under ‘Purchase of concentrate: Third parties' until it transitions to a toll arrangement, expected at the end of H1 2024. 4 Relates to sales of metal not produced by Anglo American operations, and includes metal lending and borrowing activity. Review of the quarter Safety We remain committed to operating safely and sustainably and recorded zero work-related fatalities during the period at own-managed operations and Joint Operations. Total recordable case frequency rate (TRCFR) of 1.88 per million hours, improved 16% compared to the prior period of 2.25 per million hours. These improvements will continue to be driven by our strategic focus areas of stopping unsafe conditions, reporting and treating high potential hazards and the management of high-risk work. Metal-in-concentrate (M&C) PGM production Total PGM production Total PGM production in Q4 2023 decreased 6% against the prior period (Q4 2022) to 932,200 ounces. Total annual PGM production was 3,806,100 ounces. PGM production from own-managed mines Total PGM production from own-managed mines decreased by 3% to 543,500 ounces primarily due to lower production from Amandelbult and Mototolo, partially offset by higher production from Unki and Mogalakwena. PGM production at Mogalakwena increased by 3% to 265,300 ounces, as the mining sequence extracted higher grades in the quarter. This was partially offset by a decrease in throughput resulting from the High-Pressure Grinding Rolls (HPGR) breakdowns at North concentrator. The stability challenges have been corrected and HPGR is running at full capacity. PGM production from Amandelbult decreased by 15% to 149,900 ounces, due to planned infrastructure closures and poor ground conditions at Dishaba Mine. Mototolo PGM production decreased by 7% to 66,500 ounces, resulting from Lebowa shaft ramp-down to end of life, partially offset by higher recoveries and grade. PGM production from Unki increased by 17% to 61,800 ounces, driven by 13% higher throughput, supported by a 5% increase in the 4E built-up head grade to 3.39g/t. PGM production from Joint Operations (50% own-mined production and 50% purchase of concentrate) Total PGM production from Joint Operations decreased by 47% to 104,400 ounces. The disposal of our 50% interest in Kroondal was completed and effective 1 November 2023, resulting in Kroondal production transitioning to a 100% third party POC arrangement. As a result, total Kroondal PGM production decreased by 75% to 31,800 ounces. Total Modikwa PGM production increased by 1% against the prior quarter to 72,600 ounces driven by higher grades and recoveries. Purchases of PGM concentrate from third parties Purchases of PGM concentrate from third parties increased by 21% to 284,300 ounces, due to the inclusion of Kroondal production as 100% third party POC from 1 November 2023. Refined PGM production Refined PGM production (from owned production, excluding tolling) increased by 36% to 1,191,100 ounces as Q4 2022 was affected by the Polokwane smelter rebuild. Eskom load-curtailment had a minimal impact on production for the quarter. Total annual refined PGM production was 3,800,600 ounces, with c.82,000 ounces of deferred production from the impact of Eskom load-curtailment. Toll refined PGM production increased by 1% to 175,100 PGM ounces for the quarter. Base metal production Nickel production increased by 46% to 7,000 tonnes and copper production increased by 5% to 4,000 tonnes, due to Q4 2022 production being affected by the Polokwane smelter rebuild. PGM sales volumes PGM sales volumes (excluding trading) increased by 32% to 1,166,200 ounces in line with higher refined production. The average Q4 2023 realised basket price of $1,400/PGM ounce was 39% lower than Q4 2022 reflecting lower palladium and rhodium market prices. The full year average realised basket price of $1,657/PGM ounce was 35% lower than 2022. 2024 Guidance Production guidance for 2024 for metal in concentrate (M&C) (1) and refined production (1) is expected to be between 3.3-3.7 million PGM ounces, subject to the impact of Eskom load curtailment. Refined production is usually lower in the first quarter than the rest of the year, due to the annual stock count and planned processing maintenance. Unit cost guidance for 2024 of R16,500 - R17,500 per PGM ounce is consistent with the guidance provided in December 2023. (1) Metal in concentrate (M&C) production by source is expected to be own mined of 2.1-2.3 million ounces and purchase of concentrate of 1.2-1.4 million ounces. The average M&C split by metal is Platinum: ~45%, Palladium: ~35% and Other: ~20%. Anglo American Platinum Q4 2023 Q4 2023 2023 PGM Production Report - Q4 2023 Q4 Q3 Q2 Q1 Q4 vs vs FY FY vs 2023 2023 2023 2023 2022 Q4 2022 Q3 2023 2023 2022 2022 Safety Fatalities - own managed operations number 0 0 0 0 0 0 0 Total recordable case frequency rate /million hrs 1.88 1.32 1.45 1.78 2.25 (16) % 42 % 1.61 2.34 (31) % Total M&C PGM production 000 oz 932.2 1,029.6 943.1 901.2 990.4 (6)% (9)% 3,806.1 4,024.0 (5)% Platinum 000 oz 428.9 475.9 437.0 416.8 458.5 (6) % (10) % 1,758.6 1,860.8 (5) % Palladium 000 oz 296.5 314.8 292.5 278.1 307.5 (4) % (6) % 1,181.9 1,249.4 (5) % Tonnes milled 000 6,249 6,808 6,574 6,390 7,021 (11) % (8) % 26,021 27,721 (6) % 4E Built-up head grade g/t 3.35 3.29 3.15 3.11 3.19 5 % 2 % 3.22 3.27 (2) % Own mined volume Total mined production Total M&C PGM production 000 oz 595.7 665.8 612.7 586.0 656.6 (9)% (11)% 2,460.2 2,649.2 (7)% Platinum 000 oz 270.9 304.0 280.7 265.5 298.9 (9) % (11) % 1,121.1 1,205.6 (7) % Palladium 000 oz 218.0 231.3 216.7 204.4 229.4 (5) % (6) % 870.4 929.6 (6) % Tonnes milled 000 6,249 6,808 6,574 6,390 7,021 (11) % (8) % 26,021 27,721 (6) % 4E Built-up head grade g/t 3.35 3.29 3.15 3.11 3.19 5 % 2 % 3.22 3.27 (2) % Own managed mines Total M&C PGM production 000 oz 543.5 568.3 526.7 501.7 557.6 (3)% (4)% 2,140.2 2,260.7 (5)% Platinum 000 oz 248.1 259.7 241.1 227.1 253.6 (2) % (4) % 976.0 1,028.6 (5) % Palladium 000 oz 200.8 202.3 191.2 179.3 200.3 — % (1) % 773.6 815.1 (5) % Tonnes milled 000 5,793 6,008 5,799 5,663 6,175 (6) % (4) % 23,263 24,396 (5) % 4E Built-up head grade g/t 3.34 3.24 3.11 3.05 3.14 6 % 3 % 3.18 3.24 (2) % Mogalakwena mine Total M&C PGM production 000 oz 265.3 246.8 242.4 219.0 256.7 3% 7% 973.5 1,026.2 (5)% Platinum 000 oz 113.7 103.9 103.1 90.9 107.5 6 % 9 % 411.6 430.2 (4) % Palladium 000 oz 122.1 113.5 111.2 100.5 118.6 3 % 8 % 447.3 476.1 (6) % Tonnes milled 000 3,418 3,485 3,427 3,326 3,659 (7) % (2) % 13,656 13,855 (1) % 4E Built-up head grade g/t 3.00 2.75 2.70 2.47 2.62 15 % 9 % 2.73 2.79 (2) % Amandelbult mine Total M&C PGM production 000 oz 149.9 184.9 147.9 151.5 176.6 (15)% (19)% 634.2 712.5 (11)% Platinum 000 oz 76.3 93.9 75.7 76.2 89.6 (15) % (19) % 322.1 360.8 (11) % Palladium 000 oz 35.4 43.6 34.3 35.0 40.8 (13) % (19) % 148.3 165.2 (10) % Tonnes milled 000 1,106 1,223 1,044 1,012 1,222 (10) % (10) % 4,385 5,268 (17) % 4E Built-up head grade g/t 4.27 4.37 4.03 4.59 4.59 (7) % (2) % 4.27 4.27 — % Unki mine Total M&C PGM production 000 oz 61.8 60.5 59.0 62.5 52.6 17 % 2% 243.8 232.1 5 % Platinum 000 oz 28.3 27.3 27.2 28.4 23.7 19 % 4 % 111.2 104.7 6 % Palladium 000 oz 23.4 22.6 22.8 24.1 20.3 15 % 4 % 92.9 89.6 4 % Tonnes milled 000 666 615 623 652 587 13 % 8 % 2,556 2,492 3 % 4E Built-up head grade g/t 3.39 3.54 3.44 3.46 3.24 5 % (4) % 3.46 3.42 1 % Mototolo mine Total M&C PGM production 000 oz 66.5 76.1 77.4 68.7 71.7 (7)% (13)% 288.7 289.9 —% Platinum 000 oz 29.8 34.6 35.1 31.6 32.8 (9) % (14) % 131.1 132.7 (1) % Palladium 000 oz 19.9 22.6 22.9 19.7 20.6 (3) % (12) % 85.1 84.2 1 % Tonnes milled 000 603 685 705 673 706 (15) % (12) % 2,666 2,782 (4) % 4E Built-up head grade g/t 3.47 3.49 3.48 3.23 3.22 8 % (1) % 3.41 3.34 2 % Joint operations mined production Total M&C PGM production 000 oz 52.2 97.5 86.0 84.3 99.0 (47)% (46)% 320.0 388.5 (18)% Platinum 000 oz 22.8 44.3 39.6 38.4 45.3 (50) % (49) % 145.1 177.0 (18) % Palladium 000 oz 17.2 29.0 25.5 25.1 29.2 (41) % (41) % 96.8 114.5 (15) % Tonnes milled 000 456 800 775 727 846 (46) % (43) % 2,758 3,325 (17) % 4E Built-up head grade g/t 3.51 3.68 3.42 3.58 3.57 (2) % (4) % 3.55 3.54 — % Modikwa mine Total M&C PGM production 000 oz 36.3 39.6 35.1 34.4 35.8 1% (8)% 145.4 144.5 1% Platinum 000 oz 15.1 16.2 14.5 13.8 14.4 5 % (7) % 59.6 57.7 3 % Palladium 000 oz 13.2 14.5 12.9 12.9 13.4 (1) % (9) % 53.5 54.1 (1) % Tonnes milled 000 321 326 308 298 321 — % (2) % 1,253 1,243 1 % 4E Built-up head grade g/t 3.64 3.83 3.52 3.65 3.54 3 % (5) % 3.66 3.65 — % Kroondal mine Total M&C PGM production 000 oz 15.9 57.9 50.9 49.9 63.2 (75)% (73)% 174.6 244.0 (28)% Platinum 000 oz 7.7 28.1 25.1 24.6 30.9 (75) % (73) % 85.5 119.3 (28) % Palladium 000 oz 4.0 14.5 12.6 12.2 15.8 (75) % (72) % 43.3 60.4 (28) % Tonnes milled 000 135 474 467 429 525 (74) % (72) % 1,505 2,082 (28) % 4E Built-up head grade g/t 3.22 3.57 3.35 3.54 3.60 (11) % (10) % 3.46 3.48 (1) % Anglo American Platinum Q4 2023 Q4 2023 2,023 PGM Production Report - Q4 2023 Q4 Q3 Q2 Q1 Q4 vs vs FY FY vs 2023 2023 2023 2023 2022 Q4 2022 Q3 2023 2023 2022 2022 Purchase of concentrate Total purchase of concentrate PGM production 000 oz 336.5 363.8 330.4 315.2 333.8 1% (8)% 1,345.9 1,374.8 (2)% Platinum 000 oz 158.0 171.9 156.3 151.3 159.6 (1) % (8) % 637.5 655.2 (3) % Palladium 000 oz 78.5 83.5 75.8 73.7 78.1 1 % (6) % 311.5 319.8 (3) % Joint operations purchase of concentrate PGM production 000 oz 52.2 97.5 86.0 84.3 99.0 (47)% (46)% 320.0 388.5 (18)% Platinum 000 oz 22.8 44.3 39.6 38.4 45.3 (50) % (49) % 145.1 177.0 (18) % Palladium 000 oz 17.2 29.0 25.5 25.1 29.1 (41) % (41) % 96.8 114.5 (15) % Third party purchase of concentrate PGM production 000 oz 284.3 266.3 244.4 230.9 234.8 21 % 7% 1,025.9 986.3 4% Platinum 000 oz 135.2 127.6 116.7 112.9 114.3 18 % 6 % 492.4 478.2 3 % Palladium 000 oz 61.3 54.5 50.3 48.6 49.0 25 % 12 % 214.7 205.3 5 % Refined PGM production - owned PGM ounces 000 oz 1,191.1 909.7 1,073.8 626.0 877.2 36 % 31 % 3,800.6 3,831.1 (1)% Platinum 000 oz 565.2 428.5 489.4 266.0 391.2 44 % 32 % 1,749.1 1,782.9 (2) % Palladium 000 oz 400.0 285.5 352.6 230.5 278.5 44 % 40 % 1,268.6 1,198.5 6 % Rhodium 000 oz 61.3 57.1 68.4 38.8 51.7 19 % 7 % 225.6 249.2 (9) % Minor PGMs and gold 000 oz 164.6 138.6 163.4 90.7 155.8 6 % 19 % 557.3 600.5 (7) % Base metal production - owned Nickel tonnes 7,000 5,400 6,100 3,300 4,800 46 % 30 % 21,800 21,300 2 % Copper tonnes 4,000 3,100 3,900 2,700 3,800 5 % 29 % 13,700 15,000 (9) % Chrome 000 t 265 265 232 211 213 24 % — % 973 831 17 % Toll refined production Total 4E toll refined production 000 oz 175.1 159.8 139.6 146.1 173.1 1% 10 % 620.6 622.6 —% Platinum 000 oz 103.8 94.7 83.8 85.5 102.5 1 % 10 % 367.7 369.2 — % Palladium 000 oz 54.5 50.1 43.2 44.0 54.2 1 % 9 % 191.8 191.8 — % PGM Sales volume from production PGM ounces 000 oz 1,166.2 951.8 1,108.7 698.6 883.4 32 % 23 % 3,925.3 3,861.3 2% Platinum 000 oz 554.1 441.8 503.1 289.6 382.1 45 % 25 % 1,788.6 1,730.9 3 % Palladium 000 oz 397.0 296.3 358.4 237.4 282.2 41 % 34 % 1,289.1 1,208.8 7 % Trading sales volume4 PGM ounces 000 oz 1,050.3 1,220.9 1,153.0 912.2 789.6 33 % (14)% 4,336.4 1,849.9 134 % Platinum 000 oz 565.8 724.5 836.9 666.6 667.8 (15) % (22) % 2,793.9 1,289.1 117 % Palladium 000 oz 417.7 421.5 243.7 185.2 107.6 288 % (1) % 1,268.0 508.9 149 % Realised prices and exchange rate Platinum (US$/oz) 867 933 1,022 984 1,051 (18) % (7) % 946 962 (2) % Palladium (US$/oz) 1,034 1,244 1,428 1,690 1,975 (48) % (17) % 1,313 2,076 (37) % Rhodium (US$/oz) 4,498 4,453 7,427 11,671 13,373 (66) % 1 % 6,592 15,600 (58) % Iridium (US$/oz) 4,782 4,347 4,435 4,298 3,564 34 % 10 % 4,469 3,939 13 % Ruthenium (US$/oz) 388 400 419 426 413 (6) % (3) % 408 483 (15) % Gold (US$/oz) 2,054 1,924 1,869 2,117 1,740 18 % 7 % 1,982 1,786 11 % Average FX achieved on sales ZAR/US$ 18.73 18.54 18.75 17.84 17.60 6 % 1 % 18.48 16.31 13 % US$ basket price per PGM ounce (US$/oz) 1,400 1,539 1,730 2,131 2,293 (39) % (9) % 1,657 2,551 (35) % ZAR basket price per PGM ounce (ZAR/oz) 26,111 28,521 32,623 38,160 40,108 (35) % (8) % 30,679 41,453 (26) % US$ basket price per Platinum ounce (US$/oz) 2,947 3,316 3,811 5,142 5,300 (44) % (11) % 3,637 5,690 (36) % ZAR basket price per Platinum ounce (ZAR/oz) 54,949 61,457 71,878 92,066 92,717 (41) % (11) % 67,328 92,473 (27) % 4 Trading sales volume - not produced by Anglo American Platinum operations, and includes metal lending and borrowing activity. Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities For further information, please contact: Investors: Media: Theto Maake Nomonde Ndwalaza (SA) +27 (0) 83 489 5215 (SA) +27 (0) 66 311 1133 theto.maake@angloamerican.com nomonde.ndwalaza@angloamerican.com PlatinumIR@angloamerican.com Marcela Grochowina (SA) +27 (0) 82 400 3222 marcela.grochowina@angloamerican.com PlatinumIR@angloamerican.com 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 and smelter 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