TR-1: Standard form for notification of major holdings 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 6 December 2021 TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN AU000000S320 Issuer Name South32 Limited UK or Non-UK Issuer Non-UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Schroders Plc City of registered office (if applicable) London Wall, Barbican Country of registered office (if applicable) England 4. Details of the shareholder Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above City of registered office (if applicable) Country of registered office (if applicable) 5. Date on which the threshold was crossed or reached 03-Dec-2021 6. Date on which Issuer notified 06-Dec-2021 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total number of rights attached through financial Total of both in . voting rights held to shares (total instruments (total % (8.A + 8.B) in issuer of 8.A) of 8.B 1 + 8.B 2) Resulting situation on the date on which 4.877260 0.046670 4.923930 229595618 threshold was crossed or reached Position of previous 4.974000 0.046000 5.020000 notification (if applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares Class/Type of Number of direct % of direct Number of indirect % of indirect voting shares ISIN code(if voting rights voting rights voting rights (DTR5.2.1) rights (DTR5.2.1) possible) (DTR5.1) (DTR5.1) AU000000S320 227419690 4.877260 Sub Total 8.A 227419690 4.877260% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Number of voting rights that may be % of Type of financial Expiration Exercise/conversion acquired if the instrument is voting instrument date period exercised/converted rights Sub Total 8.B1 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of Expiration Exercise/conversion Physical or cash Number of % of voting financial date period settlement voting rights rights instrument CFD n/a n/a Cash 2175928 0.046670 Sub Total 8.B2 2175928 0.046670% 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) % of voting % of voting rights Total of both if rights if it through financial it equals or is Ultimate controlling Name of controlled equals or is instruments if it higher than the person undertaking higher than the equals or is higher notifiable notifiable than the notifiable threshold threshold threshold Schroders plc Schroder Schroders plc Administration Limited Schroder Wealth Schroders plc Holdings Limited Schroder & Co. Schroders plc Limited Schroders plc Schroder Schroders plc Administration Limited Schroder Schroders plc International Holdings Limited Schroder Investment Schroders plc Management Limited Schroders plc Schroder Schroders plc Administration Limited Schroder Schroders plc International Holdings Limited Schroder Australia Schroders plc Holdings PTY Limited Schroder Investment Schroders plc Management Australia Limited 10. In case of proxy voting Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional Information 12. Date of Completion 06-Dec-2021 13. Place Of Completion London JSE Sponsor: UBS South Africa (Pty) Ltd 6 December 2021 Date: 06-12-2021 02:25:00 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.