Anglo American Platinum Ltd (JSE:AMS) News - Anglo American Platinum trading statement for the twelve months ended 31 December 2021

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")


11 February 2022

Anglo American Platinum trading statement for the twelve months ended 31 December 2021

Anglo American Platinum will release results for the twelve months ended 31 December 2021 (“the period”) on the
Johannesburg Stock Exchange News Service on 21 February 2022.

In accordance with section 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised that headline
earnings and headline earnings per share (“HEPS”) for the period are likely to increase by between 146% and 166%
compared to the twelve months ended 31 December 2020 (the “prior period”). Headline earnings are likely to be
between R74.8 billion and R80.8 billion (R30.3 billion in 2020) and HEPS will increase to between 28,435 cents and
30,716 cents per share (11,554 cents in 2020).

Basic earnings and earnings per share (“EPS”) for the period are likely to increase by between 146% and 166%
compared to the prior period. Basic earnings are likely to be between R 74.7 billion and R80.7 billion (R30.3 billion in
2020) and EPS is expected to be between 28,397 cents and 30,678 cents per share (11,553 cents in 2020).

The expected increase in headline earnings and basic earnings is primarily driven by a 22% increase in the rand basket
price and an 82% increase in PGM sales volumes as a strong performance from the processing assets enabled the
majority of the build-up work-in-progress inventory to be refined and sold in 2021, following the temporary closure of
the ACP unit in 2020. This was partially offset by an increase in purchase-of-concentrate (POC) costs, an increase in
taxation and royalties (which flow from higher prices and sales volumes), as well as higher mining and processing costs
due to higher input inflation and increased production.


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


For further information, please contact:

Investors:                                             Media:
Emma Chapman                                           Nomonde Ndwalaza
(SA) +27 (0) 76 480 1570                               (SA) +27 (0) 66 311 1133
emma.chapman@angloamerican.com                   nomonde.ndwalaza@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 has two joint operations with several historically disadvantaged South
African consortia as part of its commitment to the transformation of the mining industry. 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 diamonds (through De Beers), copper, platinum group metals, premium quality iron ore
and metallurgical coal for steelmaking, 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.

www.angloamerican.com

Date: 11-02-2022 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.