South32 Limited (JSE:S32) News - Update on acquisition of additional shareholding in Mozal Aluminium

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


                   UPDATE ON ACQUISITION OF ADDITIONAL SHAREHOLDING IN MOZAL ALUMINIUM

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises there has been a delay to the expected closing date of our
acquisition of an additional shareholding and related rights in Mozal Aluminium from MCA Metals Holding GmbH (Mitsubishi) 1.
Should the remaining conditions, including approval from the Competition Regulatory Authority in Mozambique be satisfied, the
acquisition is now expected to complete in mid CY22 (previously March 2022 quarter). The transaction consideration includes joint
profit sharing on our increased shareholding with Mitsubishi for the period 1 July 2021 until completion of the transaction.

About us

South32 is a globally diversified mining and metals company. 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 commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal
and manganese from our operations in Australia, Southern Africa and South America. With a focus on growing our base metals
exposure, we also have two development options in North America and several partnerships with junior explorers around the world.



     Investor Relations
     Alex Volante                                                                                       Tom Gallop
     T      +61 8 9324 9029                                                                             T     +61 8 9324 9030
     M      +61 403 328 408                                                                             M     +61 439 353 948
     E      Alex.Volante@south32.net                                                                    E     Tom.Gallop@south32.net



     Media Relations
     Miles Godfrey                                                                                      Jenny White
     T      +61 8 9324 9000                                                                             T     +44 20 7798 1773
     M      +61 415 325 906                                                                             M     +44 7900 046 758
     E      Miles.Godfrey@south32.net                                                                   E     Jenny.White@south32.net

Further information on South32 can be found at www.south32.net.




Approved for release by Graham Kerr, Chief Executive Officer
                               
JSE Sponsor: The Standard Bank of South Africa Limited
30 March 2022




1   Refer to market release “South32 to acquire up to an additional 25% of Mozal Aluminium” dated 30 September 2021.



Date: 30-03-2022 08:56:00
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