2019 Half Year Results Presentation

14 February 2019

South32 Limited

(Incorporated in Australia under the Corporations Act 2001)

(ACN 093 732 597)

ASX / LSE / JSE Share Code: S32 ADR: SOUHYISIN: AU000000S320

south32.net

2019 HALF YEAR FINANCIAL RESULTS PRESENTATION

The following presentation has today been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm:

· South32 Limited - 2019 Half Year Financial Results

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) held a conference call at 8.00am Australian Western Standard Time to discuss the presentation materials. The conference call recording is available on the South32 website (https://www.south32.net/investors-media/financial-results).

Separately an audio recording of the "2019 half year results analysis" section of the presentation by South32 Limited Chief Financial Officer, Brendan Harris and Deputy Chief Financial Officer, Katie Tovich, is also available on the South32 website (https://www.south32.net/investors-media/financial-results).

About South32

South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. We are also the owner of a high grade zinc, lead and silver development option in North America and have several partnerships with junior explorers with a focus on base metals. Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come, and to be trusted by our owners and partners to realise the potential of their resources.

Further information

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

JSE Sponsor: UBS South Africa (Pty) Ltd14 February 2019