ANGLO AMERICAN PLCEXANE BNP PARIBAS EUROPEAN SEMINAR 9 JUNE 2011, PARIS

René MedoriFinance Director

DISCLAIMERThis presentation has been prepared by Anglo American plc (“Anglo American”) and comprises the written materials/slides for a presentation concerning Anglo American. By attending this presentation and/or reviewing the slides, you agree to be bound by the following conditions.This presentation is for information purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, shares in Anglo American. Further, it does not constitute a recommendation by Anglo American or any other party to sell or buy shares in Anglo American or any other securities. All written or oral forward-looking statements attributable to Anglo American or persons acting on their behalf are qualified in their entirety by these cautionary statements.Forward-Looking StatementsThis presentation includes forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding Anglo American’s financial position, business and acquisition strategy, plans and objectives of management for future operations (including development plans and objectives relating to Anglo American’s products, production forecasts and reserve and resource positions), are forward-looking statements. 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, the availability of mining and processing equipment, the ability to produce and transport products profitably, 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 governmental authorities such as 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 presentation. Anglo American expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers (the “Takeover Code”), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority, the Listings Requirements of the securities exchange of the JSE Limited in South Africa, the SWX 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 presentation 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 presentation is sourced from publicly available third party sources. As such it presents the views of those third parties, but may not necessarily correspond to the views held by Anglo American.No Investment AdviceThis presentation has been prepared without reference to your particular investment objectives, financial situation, taxation position and particular needs. It is important that you view this presentation in its entirety. If you are in any doubt in relation to these matters, you should consult your stockbroker, bank manager, solicitor, accountant, taxation adviser or other independent financial adviser (where applicable, as authorised under the Financial Services and Markets Act 2000 in the UK, or in South Africa, under the Financial Advisory and Intermediary Services Act 37 of 2002.).

STRONG PERFORMANCE FROM A UNIQUELY DIVERSIFIED PORTFOLIO

4

9%5%

22%

9%

10%1%

37%

6%

15%

38%

47%

BULKS

BASE

UNIQUE DIVERSIFICATION IN STRUCTURALLY ATTRACTIVE COMMODITIES

SamancorKIO

Thermal CoalMet Coal

NickelCopper

De BeersPlatinum

Attributable earnings by Business Unit1 %

PRECIOUS

1 Core businesses 2010

Commodity diversification

62% 60%

38%32%

26%

20%

11%

0%

20%

40%

60%

Met

Coa

l

Iron

Ore

Cop

per

Nic

kel

Plat

inum

Palla

dium

Ther

mal

Coa

l

55% of our net assets

Chinese demand for our products

China’s share of global consumption %

Source: Anglo American, AME, Brook Hunt, a Wood Mackenzie company, Johnson Matthey. Thermal Coal represents share of internationally traded market, nickel and copper represent share of world mined production

5

DELIVERING STRONG PERFORMANCE.. SOLID FOUNDATION FOR GROWTH

0.50.8

2010

$3.0bn

2.2

2009

$1.7bn

1.2

Significant Asset Optimisation & Procurement benefit

ProcurementAO

7.1

6.35.7

+23%

201020092008

m2 per operating employee per month

Platinum productivityMetallurgical coal productivity

8.87.9

6.0

+48%

201020092008

ROM (kt) per FTE at export mines

6

IMPROVING NET DEBT POSITION

1 A further $0.2bn was received from sales of joint ventures in Platinum and Metallurgical Coal business units2 Relates to Tarmac’s French and Belgian and Polish Concrete Products business and its European Aggregates business

Disposals 2010 & 2011 Net cash inflows from disposals1

Including:

Moly-Cop and AltaSteel $1.0bn

Australian undeveloped coal assets $0.5bn

Tarmac European businesses2 $0.5bn

Skorpion zinc mine $0.6bn

Black Mountain $0.3bn

Lisheen $0.2bn

$3.2bn

2010

$7.4bn

2009

$11.3bn

2008

$11.0bn

16%29%Gearing

Net debt and gearing

38%

MACRO ECONOMIC ENVIRONMENT

8

LONG TERM ECONOMIC ENVIRONMENT SUPPORTED BY DEVELOPING ECONOMIES

Investment in infrastructure (US$ billion, constant 2005 prices and exchange rates)

Middle Classes by region 2009 and 2030

0

100

200

300

400

500

600

700

800

900

1,000

BrazilIndiaChinaUKGermanyJapanUS

20302008

7.8

5.23.0

1.7

19.5

12.7

2.7

6.6

18.5

13.3

9.67.7

2030202020102000

BrazilChinaIndia

GDP per capita growth in developing economies

Source: Anglo American ,OECD, Standard Chartered Research, McKinsey Global Institute

1bn

9

CHINESE URBANISATION IS SET TO CONTINUE

Xun River

Huang River

Yangtze RiverSichuan

Heilongjiang

Jilin

Liaoning

Hebei

Shandong

Fujian

Jiangxi

Anhui

Hubei

Hunan

GuangdongGuangxi

Shanghai

Henan

Shanxi

Hainan

InnerMongolia

Shaanxi

Ningxia

Gansu

Qinghai

Guizhou

Yunnan

Tibet

Xinjiang

Jiangsu

Zhejiang

Tianjin

Taiwan

Beijing

Hong KongMacau

Chongqing

Xun River

Huang River

Yangtze RiverSichuan

Heilongjiang

Jilin

Liaoning

Hebei

Shandong

Fujian

Jiangxi

AnhuiHubei

Hunan

GuangdongGuangxi

Shanghai

Henan

Shanxi

Hainan

InnerMongolia

Shaanxi

Ningxia

Gansu

Qinghai

Guizhou

Yunnan

Tibet

Xinjiang

Jiangsu

Zhejiang

Tianjin

Taiwan

Beijing

Hong KongMacau

Chongqing

● $3k-$6k● $6k-$9k

● $9k-$12k● >$12k

● <$3k

2010 GDP per capita US$ 7,000

2020 GDP per capita

US$ 13,000

Source: Anglo American

10

URBANISATION WILL DRIVE EARLY PHASE STEEL DEMAND GROWTH

0

100

200

300

400

500

600

700

Demographic steel intensity kg per capita

1997 2000 2005 2010

Japan

Germany Developed world

USA

China

World

India

2015

Source: Anglo American

11

PLATINUM AND DIAMOND DEMAND WILL GROW AS ECONOMY MATURES

60

70

80

90

100

110

120

130

140

150

160

2007 2008 2009 2010 2011

DTC nominal price indexDiamond Demand Growth in 2010

US 7%Japan 4%India 37%China 26%Total 8%

0

200

400

600

800

1000

1200

1400

1600

1800

0%

10%

20%

30%

40%

50%

60%

70%

80%

2006 2007 2008 2009 2010

Pt price US$/oz

Pt s

hare

glo

bal d

eman

d %

Chinese platinum jewellery demand

Source: Anglo American ,Johnson Matthey, De Beers

DTC

nom

inal

pric

e in

dex

12

10

15

20

2008 2010

SUPPLY CONSISTENTLY UNDER DELIVERS

Mt C

oppe

r

Copper industry production planned vs. actual

2007 actual

2010 planned

2010 actual

Source: Anglo American ,Brook Hunt A Wood Mackenzie Company

2010 planned

Copper industry grade declines – a long term downward trend

Cop

per g

rade

Cu

%

WELL POSITIONED TO CONTINUE TO DELIVER GROWTH

14

SUCCESSFUL DELIVERY OF BARRO ALTO IS ONLY THE BEGINNING..

1 Over first 3 years, average 400 ktpa over first 10 years

Barro Alto Nickel, Brazil

100% complete

Los Bronces Copper, Chile

92% complete

KolomelaIron Ore, South Africa

89% complete

Minas-Rio Brazil45% complete

Q1 2011 H2 2013H1 2012Q4 2011First Production

• 41 ktpa first five yrs; 36 ktpa over LOM• First metal achieved 30March• Proven technology standard rotary kiln -electric furnace • Positioned H1 cost curve• Completed on budget $1.9bn

• 278 ktpa• Doubling Los Bronces capacity to 490ktpa1

• At peak production, 5th

largest producing copper mine globally• Positioned H1 cost curve• Capex $2.8bn

• 9 Mtpa• High quality export iron ore• Positioned H1 cost curve• Capex $1.1bn

• 26.5 Mtpa •Extremely high quality pellet feed• 80 – 90 Mtpa potential capacity• Positioned in Q1 cost curve• Capex $5bn

15

0

20

40

60

80

100

120

140

160

180

200

THE NEAR TERM PIPELINE WILL INCREASE PRODUCTION BY 50% TO 2015, WITH FURTHER VOLUME GROWTH BEYOND

2009 2015 Outlook

100%

Inde

xed

prod

uctio

n gr

owth

(200

9 =

100)

Jacaré I, Morro Sem Boné

Michiquillay, Collahuasi

Grosvenor Ph2, Moranbah South,

Drayton South

Iron Ore

Thermal Coal

Met Coal

PGM

Copper

Nickel

Barro Alto

Los BroncesQuellaveco

Minas-Rio , Kolomela

Various Platinum Projects

Cerrejón, Elders, New Largo

Various Platinum Projects

Selected projects

50%

SEP 1B, Sishen B-Grade (SEP2), Minas-Rio

expansion

Grosvenor Ph1

THANK YOU