The financial community visits key assets in Anglo American’s De Beers and Platinum businesses, showcasing two of the Group’s world class assets.

1. DEBSWANA DIAMOND COMPANY (PROPRIETARY) LIMITED

2. Overview: Debswana, a 50/50 joint venture between the GRB and De Beers comprises two of the world’s most valuable diamond mines,
Jwaneng and Orapa Regime
*Based on the Anglo American Ore Reserves and Mineral Resources Report 2015
2
Orapa Mine
c.2,300 employees
c.2,000 contractors
2015 production 9.9m carats
Life of Mine 2029*
Reserves 151.4M¢; 171.9Mt*
Resources 365.0M¢; 370.0Mt*
Damtshaa Mine
c.300 employees
2015 production 0.2m carats
Life of Mine 2032*
Reserves 4.7M¢; 25.1Mt*
Resources 6.1M¢; 23.3Mt*
Jwaneng Mine
c.2,000 employees
c.3,000 contractors
2015 production 9.8m carats
Life of Mine 2035*
Reserves 149.2M¢; 113.0Mt*
Resources 224.0M¢; 250.9Mt*
Debswana Corporate
Centre (Gaborone)
Letlhakane Mine
c.400 employees
2015 production 0.5m carats
Life of Mine 2040 (tailings)*
Reserves 8.5M¢; 35.4Mt*
Resources 21.1M¢; 76.2Mt*
1
2
3
4
5
Orapa
Regime

3. Albert Milton
GM
Jwaneng Mine
Lynette
Armstrong
CFO
Bokani
Motlhabani
GM
OLDM
Esther
Kanaimba- Senai
Head of CA
Bonny
Thebenyane
Head of
Secretarial &
Legal
Ntoti Mosetlhe
Head of HR
Keith Blanchard
Head of Tech
Services
Lephimotwe
Boyce Sebetela
Head of Strategy
and BI
Balisi Bonyongo
MD
3
Our company leadership live our values by setting the highest standards, encouraging innovation and pursuing brilliance in all areas, while
creating a great place to work

4. Rory
Greyvensteyn
Snr Manager
Mining-Projects
Sed Serumola
Snr Ore
Processing
Manager
Philip Lisindi
Snr Finance
Manager
Tshepang
Mazwigwila
Snr HR Manager
Dr Mwamba
Nsebola
Hospital
Superintendent
Kean McCallum
Snr MRM
Manager
Thatayaone
Keitumetse
Snr Security
Manager
Albert Milton
GM
Tumelo
Ntlhayakgosi
Snr S&SD
Manager
Neville Pollard
Snr Engineering
Manager
4
Jwaneng Mine management is committed to making Jwaneng the world’s leading diamond mine in every respect
Koolatotse
Koolatotse
Snr Mining
Manager

5. 0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
0
10
20
30
40
50
60
70
80
90
100
2010 2011 2012 2013 2014 2015 2016
Fatal LTI RWI LTIFR CIFR TRIFR
Safety Performance 2010-2016
Debswana (Jwaneng, OLDM and DCC)
5
Safety: our focus is to achieve zero harm at our operations through our behaviour-based programmes and focus on critical controls

6. 6
Meeting shareholder and customer needs: Debswana continues to improve its efficiency and is delivering strong shareholder returns.
Debswana’s performance is crucial for the GRB, as the Botswana economy relies on diamond revenues
9
11
12 12 12 13
11
9
11
10
8
10
11
10
0
5
10
15
20
25
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
20152011 2012 2013 201420102009
GDP
(US$bn)
OLDM
carats
Jwaneng
carats
* Data Source: Debswana and World bank

7. Production down 9% in H1 2016 with planned reductions at Orapa (plant 1 on partial care and maintenance) and Damtshaa (on care and maintenance)
Jwaneng LetlhakaneOrapa Damtshaa
7
Production: In 2015 Debswana reduced production in line with demand
0.9
1.1
1.0
1.6
1.1
12.0
11.8 3.1
2.1
10.9
Mct
5.7
1.9
4.0
6.2
2.8
5.4
2.0
4.5
4.0
1.5
0.3
0.3
Q3
2016
-9%
H2
2015
4.5
H1
2015
11.5
0.1
0.2
H1
2016
10.5
Q3
2015
4.1
0.2
8.8
0.1
0.1

8. Jwaneng Mine Resource: nicknamed the “Prince of mines”, Jwaneng Mine has one of the richest kimberlite ore bodies, by value,
in the world
Jwaneng Mine Pit
• 1.4km width
• 2km length
• ≈410m deep
• Three main pipes (Centre, North and South)
• Life of mine 2035*
• Open pit reserves 149.2M¢ from 113Mt of ore, grade 132.0cpht(1)
• Open pit resource 207.5M¢ from 187.5Mt of ore, grade
110.7cpht(1)
• Cut-6/7 and 8
• Cut-8 accounts for 93M¢ from 84Mt of ore
• Tailings 16.5M¢ from 35.8Mt of ore
• Average revenue per carat H1 2016 US$196/¢ (100% of SSV)
• Average cash cost per carat recovered H1 2016 US$19/¢(2)
• Anglo American operating model launched at Jwaneng in September
2016
• Potential life extension projects post Cut-8 to extend life of mine to well
beyond 2040
*Based on the Anglo American Ore Reserves and Mineral Resources Report 2015
(1) Cpht = carats per hundred tonnes of ore
(2) Total cash cost per carat recovered ($/ct). This represents the total production and operating costs before operating special items (excluding
depreciation and capex), divided by carats recovered
8

9. Jwaneng
Operating model
Improved scheduling and resourcing of planned activities resulting in
improved operational stability and efficiency
• YTD pula/tonne cost moved 10% favourable to target
• YTD production cash costs 10% favourable to target
Operational efficiency
Improved pit conditions and standards
• Tyre life 17% improvement versus 2015
• Shovel t/h 10% improvement versus 2015
• Truck ton-km/hr 10% improvement versus 2015
Total opex savings YTD
• Efficiency improvements – US$11 million
• Cut-9 waste dump redesign – US$14 million
• Cut-8 schedule optimisation – US$5 million
• Cut-8 North east corner rates – US$4 million
• Cut-8 contractor management (tyres) – US$8 million
9
Cash Containment: By focusing on operational efficiencies and other cost containment opportunities, management has saved US$60
million (100% basis) YTD October 2016, of which US$42 million is from Jwaneng

10. 10
Jwaneng efficiency improvements
28
+12%
2016
YTD
1,700
1,672
2015
1,514
Shovels (t/hr)
-0.1
2015
4.2
2016
YTD
-17%
3.5
3.6
213
2015
5,787
6,000
2016
YTD
+21%
4,940
Average tyre life (hours)Loading cycle (mins)
Target
Actual Actual
Target
Actual
Target

11. Jwaneng
• Cut-8: ~80% of the 500 million tonnes of waste stripping required to expose first ore (in 2017) has been mined
• Jwaneng tailings plant commissioned in 2014, increasing flexibility
9,764
7,6037,695
6,199
4,253
4,855
0
2,000
4,000
6,000
8,000
110,000
Carats recovered
(cts ‘000s)
53,066
109,813
Waste mined
(tonnes ‘000s)
Tonnes treated
(tonnes ‘000s)
Ore mined
(tonnes ‘000s)
FY 2015
H1 2016
11
Jwaneng Cut-8 approaching first ore in 2017

12. 9
Capex overview (100% basis)
US$m
Waste capitalised driven by Jwaneng Cut-8 SIB driven by Orapa
21
US$m
US$m
205
215
95
15
25
FY 2014
OrapaJwaneng
H1 2016 961
FY 2015 240
220 82
72
21
146
110
39
11
17
79
13
19
318
OrapaJwaneng OtherMorupule
H1 2016 812
FY 2015 212
FY 2014
81
212
318
96
240
220
43
72
57
H1 2016 220
FY 2015 524
FY 2014 595
ExpansionaryStay in Business (SIB) Waste
Capital funding is based on the same pre-tax profit share of GRB 80.8%:19.2% De Beers
Capex evolution
Capitalised waste will tail off as the Jwaneng Cut-8 stripping ratio declines, with first ore achieved in 2017. With long life of mines, stay in business capital expenditure will remain
relatively stable over the medium term, following a short term increase related to Cut-8 once first ore is reached. Current approved expansion project expenditure will tail off as projects
reach completion, including the Letlhakane tailings facility in 2017. Potential expansion opportunities post Jwaneng Cut-8 and Orapa Cut-2 may result in increased capital expenditure,
once studies reach an acceptable level of confidence. 12
Investing in the future: development for future production through waste capitalisation forms a major part of capital expenditure, primarily
at Jwaneng

13. Jwaneng Modular Tailings Plant
 Commissioned in 2014
 A total of US$103m (100% basis) worth of CAPEX
incurred in the development of the plant
 Processes old tailings deposited between 1982 and
1992
 Processes up to 2 million tonnes, recovering up to
900,000 carats per annum
 Offers flexibility to increase or reduce production to
respond to changes in the market
 Payback period = 3-4 years (from first capital)
Letlhakane Modular Tailings Plant
 Funding for construction approved in Nov 2014
 A total of US$236m worth of CAPEX will be incurred
in the development of the plant
 Construction started in Q1 2015 and will be
commissioned by end of Q2 2017
 Recovers diamonds from tailings through the use of
new and improved recovery technologies
 Capacity of up to 800,000 carats per annum
 Extends the life of the mine by 20 years
 Payback period = 2-3 years (from first capital) 13
Production flexibility: Tailings Processing Plants provide ability to respond effectively to market conditions at lower cost

14. Diamond Trading Company Botswana Aquarium Tailings dumps and slimes dams
Orapa, Letlhakane and
Damtshaa Mines Sources 14
Open pit Main treatment plant Recrush plant
Your tour: Following the diamonds